Few sectors of the world economy have been as affected by the economic crisis as the automotive. Specialized in supplying components for that market, with a significant share of its business portfolio based on exports to North America and Europe, TUPY S.A. has been, as a consequence, strongly hit.
Strategic decisions taken by the company and all kinds of measures put into practice as from the beginning of the first signs of the seriousness of the crisis showed their efficacy. Added to those decisions were operational improvements that had already allowed to Tupy the accumulation of performance gains in previous times culminating in the results that can only be referred to as satisfactory.
TUPY S.A.’s gross revenue reached R$ 1.448 billion in 2009 (R$ 2.016 billion in 2008) and net revenue was R$ 1.223 billion (1.767 billion in 2008) with respective decreases of 28.17% and 30.77%. The net profit added up to R$ 156.7 million in 2009, just 7.7% below the 2008 figures (R$ 168.5 million).
It is worth mentioning that the operational result of TUPY’s (gross profit before financial result) registered a decrease of 70.2% in that year. However, the final result of that decrease was compensated by extraordinary revenues from several sources including fiscal benefits and the alienation of forest assets.
The net value added by TUPY in 2009 under the form of salaries and social contributions, interest expenses, taxes and other contributions reached R$ 595.24 million, representing 41.70% of the net revenue.
As it publishes its financial results to shareholders, the Board of Directors points out, in their report, that the company is ready for restarting investments and considers that “the effects of the crisis also evidenced the competitiveness among the several corporations that fight for the international market of cast iron products. And, with its structural, operational, human and commercial competitive advantages, TUPY is prepared to conquer businesses and markets capable of taking it up to a world leading position.” 
