Cielo - 22.5% Increase in Financial Volume and Net Income of R$803 Million in 1Q14

Cielo - 22.5% Increase in Financial Volume and Net Income of R$803 Million in

PR Newswire

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
Code: Cielo

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
+55 11 2184-3739

Press spacebar to pause and continue. Press esc to stop.