Cielo - 22.5% Increase in Financial Volume and Net Income of R$803 Million in
BARUERI, Brazil, May 6, 2014
BARUERI, Brazil, May 6, 2014 /PRNewswire/ -- Cielo S.A. (BM&FBOVESPA: CIEL3 /
OTCQX: CIOXY) announces today its results for the first 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.
oTransaction financial volume totaled R$119.6 billion, up 22.5%
year-on-year, or R$22.0 billion; and reduction of 9.2% compared to 4Q13,
or R$12.1 billion;
oNet Operating Revenue of R$1.8 billion, up 19.3% or R$294.2 million
year-on-year and reduction of 1.9% or R$35.8 million quarter-on-quarter;
oNet revenue from Prepayment of Receivables* totaled R$191.0 million, up
53.4% or R$66.5 million year-on-year and 2.2% or R$4.1 million
oPrepayment of Receivables reached 18.7%, over the financial volume of
credit, up 5.4 p.p. year-on-year and up 1.5 p.p. quarter-on-quarter;
oEBITDA of R$1.0 billion, up 16.7% or R$143 million year-on-year and
increase of 9.7% or R$88.8 million quarter-on-quarter;
oEBITDA margin at 55.1%, down 1.3 p.p. year-on-year and 5.9 p.p.
oCielo's net income totaled R$802.7 million, up 27.4% or R$172.4 million
year-on-year and 11.4% or R$81.9 million quarter-on-quarter;
oCielo's net income margin at 44.2%, up 2.8 p.p. year-on-year and 5.3 p.p.
oCielo signs memorandum of understanding to participate in Stelo, a new
facilitator for online payments and digital wallets;
oCielo is included in the OTCQX ADR 30 Index ("OTCQX30"), an index of the
30 largest companies listed on the OTC market in the United States,
according to market value, trading volume and liquidity.
*Net funding costs revenue (see explanation in management analysis of
Prepayment of Receivables Revenue)
Click on the link below to open the earnings release:
1Q14 Earnings Conference Call
May 07, 2014
10:30 a.m. (New York) | 11:30 a.m. (Brasilia)
Phone.: + 1 786 924-6977
+55 11 3193-1001
09:00 a.m. (NY) 10:00 a.m. (Brasilia)
Phone.: +55 11 3193-1001
+55 11 2820-4001
Investor Relations Director
+55 11 2184-3739
SOURCE Cielo S.A.
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