April 26, 2017 1:31 AM ET

Consumer Finance

Company Overview of LuizaCred S.A. Sociedade de Crédito, Financiamento e Investimento

Company Overview

LuizaCred S.A. Sociedade de Crédito, Financiamento e Investimento provides financing solutions for the purchase of goods and services. It also offers working capital loans; and engages in the issuance, administration, and sale of credit cards. The company was founded in 1997 and is based in São Paulo, Brazil. LuizaCred S.A. Sociedade de Crédito, Financiamento e Investimento is a joint venture between Magazine Luiza S.A. and Banco Itaucard S.A.

Rua Amazonas da Silva, 27

Vila Guilherme

São Paulo, SP 02051-000


Founded in 1997

Key Executives for LuizaCred S.A. Sociedade de Crédito, Financiamento e Investimento

Chairman of the Board and President of the Executive Board
Age: 68
Compensation as of Fiscal Year 2016.

LuizaCred S.A. Sociedade de Crédito, Financiamento e Investimento Key Developments

Luizacred Announces Earnings Results for the Fourth Quarter and Full Year of 2016

Luizacred announced earnings results for the fourth quarter and full year of 2016. For the quarter, the company reported net income of BRL 25 million, with an ROE of 19%, 20%. Gross revenue grew 8%, the market dropped practically 8%, which means that there is a very big share gain in the year. EBITDA grew over 15%. For the year, the company reached over BRL 100 million in net income. Sales in the year grew by 19% and for the year 10% growth, reaching BRL 12 billion practically and highlighting the growth of Luiza Card in the stores of Magazine Luiza stores that as a part of the group was 34% for the year, 18%.

Recent Private Companies Transactions

No transactions available in the past 12 months.

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