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).