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
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
SYS-CON Events announced today that Calligo, an innovative cloud service provider offering mid-sized companies the highest levels of data privacy and security, has been named "Bronze Sponsor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Calligo offers unparalleled application performance guarantees, commercial flexibility and a personalised support service from its globally located cloud plat...
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, discussed how to use Kubernetes to set up a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace. H...
SYS-CON Events announced today that Massive Networks will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Massive Networks mission is simple. To help your business operate seamlessly with fast, reliable, and secure internet and network solutions. Improve your customer's experience with outstanding connections to your cloud.
FinTechs use the cloud to operate at the speed and scale of digital financial activity, but are often hindered by the complexity of managing security and compliance in the cloud. In his session at 20th Cloud Expo, Sesh Murthy, co-founder and CTO of Cloud Raxak, showed how proactive and automated cloud security enables FinTechs to leverage the cloud to achieve their business goals. Through business-driven cloud security, FinTechs can speed time-to-market, diminish risk and costs, maintain continu...
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...
IoT is at the core or many Digital Transformation initiatives with the goal of re-inventing a company's business model. We all agree that collecting relevant IoT data will result in massive amounts of data needing to be stored. However, with the rapid development of IoT devices and ongoing business model transformation, we are not able to predict the volume and growth of IoT data. And with the lack of IoT history, traditional methods of IT and infrastructure planning based on the past do not app...
SYS-CON Events announced today that DXWorldExpo has been named “Global Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Digital Transformation is the key issue driving the global enterprise IT business. Digital Transformation is most prominent among Global 2000 enterprises and government institutions.
SYS-CON Events announced today that Datera, that offers a radically new data management architecture, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Datera is transforming the traditional datacenter model through modern cloud simplicity. The technology industry is at another major inflection point. The rise of mobile, the Internet of Things, data storage and Big...
"Outscale was founded in 2010, is based in France, is a strategic partner to Dassault Systémes and has done quite a bit of work with divisions of Dassault," explained Jackie Funk, Digital Marketing exec at Outscale, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"At the keynote this morning we spoke about the value proposition of Nutanix, of having a DevOps culture and a mindset, and the business outcomes of achieving agility and scale, which everybody here is trying to accomplish," noted Mark Lavi, DevOps Solution Architect at Nutanix, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Calligo has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Calligo is an innovative cloud service provider offering mid-sized companies the highest levels of data privacy. Calligo offers unparalleled application performance guarantees, commercial flexibility and a personalized support service from its globally located cloud platfor...
"We were founded in 2003 and the way we were founded was about good backup and good disaster recovery for our clients, and for the last 20 years we've been pretty consistent with that," noted Marc Malafronte, Territory Manager at StorageCraft, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"DivvyCloud as a company set out to help customers automate solutions to the most common cloud problems," noted Jeremy Snyder, VP of Business Development at DivvyCloud, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Kubernetes is an open source system for automating deployment, scaling, and management of containerized applications. Kubernetes was originally built by Google, leveraging years of experience with managing container workloads, and is now a Cloud Native Compute Foundation (CNCF) project. Kubernetes has been widely adopted by the community, supported on all major public and private cloud providers, and is gaining rapid adoption in enterprises. However, Kubernetes may seem intimidating and complex ...