Welcome!

News Feed Item

Cielo - 17.9% Increase in Financial Volume and Net Income of R$797 Million in 2Q14

BARUERI, Brazil, July 29, 2014 /PRNewswire/ -- Cielo S.A. (BM&FBOVESPA: CIEL3 / OTCQX: CIOXY) announces today its results for the second quarter of 2014. The Company's consolidated financial statements are presented in accordance with the International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB) and in accordance with the accounting practices adopted in Brazil.

2Q14 HIGHLIGHTS

  • Transaction financial volume totaled R$125.3 billion, up 17.9% year-on-year, or R$19.1 billion; and increase of 4.8% compared to 1Q14, or R$5.8 billion;
  • Net Operating Revenue of R$1.8 billion, up 13.6% or R$221.0 million year-on-year and increase of 1.3% or R$23.0 million quarter-on-quarter;
  • Net revenue from Prepayment of Receivables* totaled R$218.1 million, up 52.4% or R$75.5 million year-on-year and 14.2% or R$27.1 million quarter-on-quarter;
  •  Prepayment of Receivables reached 17.9%, over the financial volume of credit, up 1.8 p.p. year-on-year and down 0.8 p.p. quarter-on-quarter;
  • EBITDA of R$955.5 million, up 9.3% or R$81.6 million year-on-year and reduction of 4.6% or R$45.9 million quarter-on-quarter;
  •  EBITDA margin at 51.9%, down 2.0 p.p. year-on-year and 3.2 p.p. quarter-on-quarter;
  • Cielo's net income totaled R$796.8 million, up 25.9% or R$163.7 million year-on-year and down 0.7% or R$5.9 million quarter-on-quarter;
  • Cielo's net income margin at 43.3%, up 4.2 p.p. year-on-year and down 0.9 p.p. quarter-on-quarter;
  • Cielo and Linx sign a Memorandum of Understanding aimed at setting up a joint venture for the creation and development of an integrated and unique solution (IPOS), which includes commercial automation, management software and electronic payments platform for the Brazilian small retail market.
  • Cielo and Smiles sign for a commercial agreement to expand loyalty program in retail;
  • By 8th consecutive time Cielo reaches 1st place in the Services category in the ranking from "Maiores e Melhores da Revista Exame" (Biggest and Best from Exame Magazine);
  • 2nd place among the Most Innovative Companies in Brazil in the ranking from INFO Exame magazine;
  • 16th place in the ranking of Most Valuable Brands in Brazil, prepared by Istoe Dinheiro magazine in a partnership with BrandAnalytics/Milward Brown. Among the 10 brands that have valued the most in 2013;
  • Cielo is considered one of the 100 most prestigious brands in Brazil according to the Epoca Negocios magazine;
  • Chosen, by 4th consecutive time, among the Best Companies to Start a Career in the Voce S/A magazine guide - Awarded by 4th consecutive time;
  • Cielo accompliches 2nd place in the ranking of "The 100 Best in Brazil according to the IGC," of Corporate Governance Index, published by the America Economia magazine.

*Net funding costs revenue (see explanation in management analysis of Prepayment of Receivables Revenue)

Click on the link below to open the earnings release:

http://cielo.riweb.com.br/ShowResultado.aspx?IdResultado=uywJ5In/QWSq7FW4bsvWyQ==&linguagem=en

2Q14 Earnings Conference Call
July 30, 2014

ENGLISH
10:30 a.m. (New York) | 11:30 a.m. (Brasilia)
Toll free USA : +1-888-700-0802 
Phone.: +1-786-924-6977
            +55-11-3193-1001
Code: Cielo

PORTUGUESE
09:00 a.m. (NY) 10:00 a.m. (Brasilia)
Phone.:+55-11-3193-1001
           +55-11-2820-4001
Code: Cielo

Investor Relations Director
Roberta Noronha
[email protected]
+55-11-2596-8430

SOURCE Cielo S.A.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"We've discovered that after shows 80% if leads that people get, 80% of the conversations end up on the show floor, meaning people forget about it, people forget who they talk to, people forget that there are actual business opportunities to be had here so we try to help out and keep the conversations going," explained Jeff Mesnik, Founder and President of ContentMX, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
"When you think about the data center today, there's constant evolution, The evolution of the data center and the needs of the consumer of technology change, and they change constantly," stated Matt Kalmenson, VP of Sales, Service and Cloud Providers at Veeam Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...
Internet of @ThingsExpo has announced today that Chris Matthieu has been named tech chair of Internet of @ThingsExpo 2016 Silicon Valley. The 6thInternet of @ThingsExpo will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
When people aren’t talking about VMs and containers, they’re talking about serverless architecture. Serverless is about no maintenance. It means you are not worried about low-level infrastructural and operational details. An event-driven serverless platform is a great use case for IoT. In his session at @ThingsExpo, Animesh Singh, an STSM and Lead for IBM Cloud Platform and Infrastructure, will detail how to build a distributed serverless, polyglot, microservices framework using open source tec...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
“Being the one true cloud-agnostic and storage-agnostic software solution, more and more customers are coming to Commvault and saying ' What do you recommend? What's your best practice for implementing cloud?” explained Randy De Meno, Chief Technologist at Commvault, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"We're bringing out a new application monitoring system to the DevOps space. It manages large enterprise applications that are distributed throughout a node in many enterprises and we manage them as one collective," explained Kevin Barnes, President of eCube Systems, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
From wearable activity trackers to fantasy e-sports, data and technology are transforming the way athletes train for the game and fans engage with their teams. In his session at @ThingsExpo, will present key data findings from leading sports organizations San Francisco 49ers, Orlando Magic NBA team. By utilizing data analytics these sports orgs have recognized new revenue streams, doubled its fan base and streamlined costs at its stadiums. John Paul is the CEO and Founder of VenueNext. Prior ...
Let’s face it, embracing new storage technologies, capabilities and upgrading to new hardware often adds complexity and increases costs. In his session at 18th Cloud Expo, Seth Oxenhorn, Vice President of Business Development & Alliances at FalconStor, discussed how a truly heterogeneous software-defined storage approach can add value to legacy platforms and heterogeneous environments. The result reduces complexity, significantly lowers cost, and provides IT organizations with improved efficienc...
Continuous testing helps bridge the gap between developing quickly and maintaining high quality products. But to implement continuous testing, CTOs must take a strategic approach to building a testing infrastructure and toolset that empowers their team to move fast. Download our guide to laying the groundwork for a scalable continuous testing strategy.
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.