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Home Business Movida runs over coronavirus and ends 2020 with net profit of R...

Movida runs over coronavirus and ends 2020 with net profit of R $ 233.6 million – Money Times


Improvement: Movida’s EBITDA margin grew 2.4 points last year (Image: Disclosure / Movida)

A Move (MOVI3) overcame the economic and health crisis caused by the pandemic of coronavirus and ended 2020 with adjusted net income of R $ 233.6 million. The figure is 2.5% higher than in 2019.

The comparison between the fourth quarter of both years is even more significant. Adjusted net income for that period, in 2020, totaled R $ 138.7 million, a 65% jump over R $ 84.1 million in 2019.

Movida’s net revenue last year grew 6.5%, to R $ 4.085 billion, driven by a 10% increase in revenue generated by the sale of assets. Adjusted EBITDA totaled R $ 894.9 million, an increase of 19.9% ​​over the previous year.

As a result, the adjusted EBITDA margin grew 2.4 percentage points and ended 2020 at 21.9%.

See the results report released by Movida on Tuesday (23).

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https://www.moneytimes.com.br/movida-atropela-coronavirus-e-encerra-2020-com-lucro-liquido-de-r-2336-milhoes/


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