Last $5.66 USD
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As of 8:10 PM 11/11/14 All times are local (Market data is delayed by at least 15 minutes).

cvc brasil operadora e agenc (CVCBF) Key Developments

CVC Brasil Operadora e Agência de Viagens S.A., Board Meeting, Dec 09, 2014

CVC Brasil Operadora e Agência de Viagens S.A., Board Meeting, Dec 09, 2014., at 18:00 GMT Standard Time. Agenda: To consider the payment of interest on equity; to consider the instructions for the payment of interest on equity; and to consider the other issues.

CVC Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

CVC announced earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company’s net revenue was BRL 177 million, representing increases of 0.4% from the period in 2013. Net revenue as a percentage of consumed bookings was 16.5%, representing decreases of 20 basis points in 2013. EBITDA totaled BRL 93.9 million, 4.6% higher than third quarter of 2013. Adjusted EBITDA was BRL 99.7 million, an increase of 1.8% as compared to third quarter of 2013. Net income totaled BRL 38.6 million, a 2.8% growth versus third quarter of 2013, while adjusted net income decreased 5.3% in the same period, mainly as a consequence of a positive exchange rate variation of BRL 2 million served in third quarter of 2013. Cash flow generated by operating activities net of CapEx increased from BRL 44.8 million in third quarter of 2013 to BRL 114 million. The reason by the improvement when working capital, mainly due to the increase of the average gap between the date of booking and date of travel. For the nine months, the company’s net revenue was BRL 494 million, representing increases of 8% from the period in 2013. Net revenue as a percentage of consumed bookings was 15.4%, representing decreases of 50 basis points in 2013. That decrease was mainly related to a higher percentage of international bookings, which currently offer slightly lower margins relative to the Domestic segment despite having higher average ticket prices. EBITDA and adjusted EBITDA totaled BRL 233.9 million and BRL 248.9 million respectively, representing increases of 18.6% and 8.4% from 2013. Net income and adjusted net incometotaled BRL 86.2 million and BRL 105.5 million respectively, representing increases of 20% and 3.3% versus previous year. Net debt September of 2014 and September '13 were BRL 150.9 million and BRL 193 million respectively.

CVC Brasil Operadora e Agência de Viagens S.A., Q3 2014 Earnings Call, Oct 21, 2014

CVC Brasil Operadora e Agência de Viagens S.A., Q3 2014 Earnings Call, Oct 21, 2014

CVC Brasil Operadora e Agência de Viagens S.A., Q3 2014 Earnings Call, Oct 21, 2014

CVC Brasil Operadora e Agência de Viagens S.A., Q3 2014 Earnings Call, Oct 21, 2014

CVC Brasil Operadora e Agência de Viagens S.A. Presents at BTG Pactual V Latin American CEO Conference, Oct-14-2014

CVC Brasil Operadora e Agência de Viagens S.A. Presents at BTG Pactual V Latin American CEO Conference, Oct-14-2014 . Venue: The Waldorf Astoria, 301 Park Avenue, New York, NY 10022, United States.

 

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Valuation CVCBF Industry Range
Price/Earnings 14.5x
Price/Sales 2.7x
Price/Book 4.3x
Price/Cash Flow 12.0x
TEV/Sales 2.3x
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