Cielo Gains Share and 3Q11 Net Income Increases 8% Q-o-Q to R$457.6 Million
BARUERI, Brazil, Nov. 1, 2011 /PRNewswire/ -- Cielo S.A. (BM&FBOVESPA: CIEL3 / OTC: CIOXY) announces today its results for the third quarter of 2011.
3Q11 Highlights:
- Transaction financial volume according to market criteria totaled R$80.5 billion, increasing 20.4% or R$13.7 billion year-on-year, and increasing 6.2% or R$4.7 billion quarter-on-quarter; according to accounting criteria the volume totaled R$79.8 billion, up 18.6% or R$12.5 billion year-on-year, and up 6.9% or R$5.2 billion quarter-on-quarter;
- Cielo gains share and reach 57.9% considering only the market leaders;
- Total revenue (net operating + prepayment of receivables) of R$1.211 billion, up 6.5% or R$73.5 million year-on-year and up 8.2% or R$91.6 million quarter-on-quarter;
- For the first time in the last 5 quarters POS rental revenue grows, increasing 2.7% quarter-on-quarter, with the average rental price of R$64.7 per month per POS – the highest rental price in the market;
- Adjusted EBITDA of R$741.2 million, down 2.6% or R$19.8 million year-on-year and up 3.4% or R$24.7 million quarter-on-quarter;
- Adjusted EBITDA margin at 61.2%, down 5.7 p.p. year-on-year and 2.8 p.p. quarter-on-quarter;
- Cielo's net income totaled R$457.6 million, down 6.3% or R$30.5 million year-on-year and up 8.0% or R$34.0 million quarter-on-quarter;
- Cielo's net income margin at 37.8%, down 5.1 p.p. year-on-year and stable quarter-on-quarter;
- Start of acceptance of Diners cards, and announcement of the future acceptance of Discover;
- Elected the best specialized services company according to all economic publications: Exame, Valor and IstoE Dinheiro;
- Cielo was elected one of the 150 best companies to work by Voce S/A (Exame) and the best in Strategy and Management.
Click on the link below to open the earnings release:
http://www.mzweb.com.br/visanet/web/arquivos/Cielo_ER_3T11_11012011_en.pdf
3Q11 Earnings Conference Call
November, 1, 2011
ENGLISH
9:30 a.m. (NY) | 11:30 a.m. (Brasilia)
Phone: +1 412 317 6776
Code: Cielo
http://webcast.mz-ir.com/publico.aspx?codplataforma=3192
PORTUGUESE
8:00 a.m. (NY) | 10:00 a.m. (Brasilia)
Phone: +55 11 4688 6361
Code: Cielo
http://webcast.mz-ir.com/publico.aspx?codplataforma=3191
About Cielo
Cielo S.A. is the leading merchant acquirer and payment processor in Brazil, engaged in merchant affiliation, management of the card acceptance network, as well as the capture, transmission, processing and settlement of credit and debit card transactions. Its cutting-edge technology network enables it to operate with availability rate of 99.995%. The company also has the most modern base of POS terminals in Brazil, with average age of 1.7 year, and a chain of 1.1 million active affiliated merchants, covering 98% of Brazil.
For further information please contact our investor relations department:
Tel.: + 55 11 2596 1701
[email protected]
SOURCE Cielo S.A.
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