Cielo - 17.6% Increase in Financial Volume, Net Income of R$689 Million and EBITDA Margin of 53.5% in 3Q13 PR Newswire BARUERI, Brazil, Nov. 4, 2013 BARUERI, Brazil, Nov. 4, 2013 /PRNewswire/ -- Cielo S.A. (BM&FBOVESPA: CIEL3 / OTC: CIOXY) announces today its results for the third quarter of 2013. 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. 3Q13 HIGHLIGHTS oTransaction financial volume in the market criterion totaled R$113.2 billion, up 17.6% year-on-year, or R$16.9 billion; in the accounting criterion, the volume was R$112.8 billion, up 17.8% year-on-year or R$17.0 billion; oNet Operating Revenue of R$1.7 billion, up 31.6% or R$417.6 million year-on-year and 8.4% or R$134.4 million quarter-on-quarter; oNet revenue from Prepayment of Receivables* totaled R$146.7 million, up 9.5% or R$12.7 million year-on-year and 8.9% or R$12.0 million quarter-on-quarter; oPrepayment of Receivables reached 16.6% over total credit volume, increase of 6.1 p.p. year-on-year and up 0.5 p.p. quarter-on-quarter; oEBITDA of R$929.7 million, up 19.0% or R$148.7 million year-on-year and increase of 8.2% or R$70.6 million quarter-on-quarter; oEBITDA margin at 53.5%, down 5.6 p.p. year-on-year and stable quarter-on-quarter; oCielo's net income totaled R$689.2 million, up 17.0% or R$100.3 million year-on-year and up 10.6% or R$65.9 million quarter-on-quarter; oCielo's net income margin at 39.6%, down 4.9 p.p. year-on-year and increase of 0.8 p.p. quarter-on-quarter; *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=a36dxQo7tRWDRSBCw45ERg==&linguagem=en 3Q13 Earnings Conference Call November 05, 2013 ENGLISH 09:00 a.m. (NY) | 12:00 p.m. (Brasilia) Phone: +1 786 924-6977 Code: Cielo PORTUGUESE 07:30 a.m. (NY) | 10:30 a.m. (Brasilia) Phone: +55 11 4688 6361/+ 55 11 2104-8901 Code: Cielo Investor Relations Director Roberta Noronha email@example.com +55 11 2184-3739 SOURCE Cielo S.A. Website: http://cielo.riweb.com.br
Cielo - 17.6% Increase in Financial Volume, Net Income of R$689 Million and EBITDA Margin of 53.5% in 3Q13
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