Cielo S.A. Net Income at R$ 444.5 Million in 4Q10 and R$ 1.831 Billion in 2010, Up 0.6% and 19.1%, Respectively
BARUERI, Brazil, Feb. 9, 2011 /PRNewswire/ -- Cielo S.A. (BM&FBOVESPA: CIEL3 / OTC: CIOXY) announces today its results for the fourth quarter of 2010.
4Q10 Highlights:
- Transaction financial volume up 20.4% year-on-year to R$ 74.1 billion; quarter-on-quarter growth of 10.1%;
- Operating revenue + net prepayment of receivables up 11.7% compared with 4Q09 to R$ 1.148 billion; 0.9% increase over 3Q10;
- Adjusted EBITDA of R$ 716 million, up 2.2% over 4Q09 but down 5.9% over 3Q10.
- Adjusted EBITDA margin at 62.4% in 4Q10, down 5.8 p.p. year-on-year and 4.5 p.p. quarter-on-quarter;
- Net income of R$ 444.5 million, up 0.6% over 4Q09 but down 9.0% over 3Q10.
- Net income margin at 38.7%, down 4.3 p.p. year-on-year and 4.2 p.p. quarter-on-quarter;
- Cielo announces the first app of its kind for payment via iPhone, iPad and iPod Touch;
- Cielo announced partnership to capture transactions with Good Card and expanded acceptance of Japanese card JCB in Brazil;
- Cielo announces a partnership with Dotz for a loyalty program, allowing Dotz customers to accumulate, view and redeem their points at Cielo POS terminals at participating merchants.
2010 Highlights:
- Transaction financial volume up 22.3% in the year to R$ 261.7 billion;
- Operating revenue + net prepayment of receivables up 20.0% over 2009 to R$ 4.354 billion;
- 19.4% growth in adjusted EBITDA to R$ 2.926 billion.
- Net income of R$ 1.831 billion, up 19.1% over 2009.
Partnership with Amex, Sorocred, Ticket, Policard, Good Card, JCB e Dotz.
Click the link below to open the earnings release.
http://www.mzweb.com.br/visanet/web/arquivos/Cielo_ER_4T10_02092011_eng.pdf
4Q10 Earnings Conference Call |
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February 10, 2011 |
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ENGLISH |
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9:00 a.m. (NY) | 12:00 p.m. (Brasília) Phone: +1 412 317 6776 Code: Cielo Webcast: http://webcast.mz-ir.com/publico.aspx?codplataforma=2428 |
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PORTUGUESE |
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7:30 a.m. (NY) | 10:30 a.m. (Brasília) |
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Phone: +55 11 4688 6361 |
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Code: Cielo |
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Webcast: http://webcast.mz-ir.com/publico.aspx?codplataforma=2427 |
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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 1.2 million active affiliated merchants, covering 98% of Brazil.
SOURCE Cielo S.A.
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