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MarketScreener Homepage  >  Equities  >  Nasdaq  >  MercadoLibre, Inc.    MELI

MERCADOLIBRE, INC.

(MELI)
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Amazon.com to open distribution center in Northeastern Brazil in 2020

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12/12/2019 | 02:15pm EST
FILE PHOTO: An Amazon Prime van during a press conference announcing Amazon.com's new program to help entrepreneurs build businesses delivering Amazon packages in Seattle

Amazon.com Inc said on Thursday it will open a distribution center in the northeastern state of Pernambuco, its second in Brazil, strengthening its logistics infrastructure to speed up deliveries and ultimately expand its footprint.

The move comes almost a year after the U.S. e-commerce giant launched its first in-house fulfillment and delivery network in Brazil, posing a challenge to local retailers and other international players like Mercado Libre.

It also follows the introduction of Amazon's Prime subscription service offering unlimited nationwide free shipping to Brazilian consumers.

"Today's announcement marks our long-term commitment with Brazil and, mostly, with our customers all over the country," Amazon's Brazilian country manager, Alex Szapiro, said in a statement.

The company did not disclose how much is investing in the new facility. It will be located in Cabo de Santo Agostinho, a municipality not far from Recife.

Amazon said it expects to kick off operations in the first half of 2020, reducing minimum delivery timing to two working days.

By Gabriela Mello

Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM 0.52% 1875.393 Delayed Quote.0.91%
EURO / BRAZILIAN REAL (EUR/BRL) 0.33% 4.6587 Delayed Quote.2.53%
MERCADOLIBRE, INC. -3.53% 649.05 Delayed Quote.17.67%
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Financials (USD)
Sales 2019 2 278 M
EBIT 2019 -148 M
Net income 2019 -158 M
Finance 2019 2 267 M
Yield 2019 -
P/E ratio 2019 -213x
P/E ratio 2020 -634x
EV / Sales2019 13,7x
EV / Sales2020 10,0x
Capitalization 33 455 M
Chart MERCADOLIBRE, INC.
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MercadoLibre, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends MERCADOLIBRE, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 660,57  $
Last Close Price 673,01  $
Spread / Highest target 26,3%
Spread / Average Target -1,85%
Spread / Lowest Target -55,4%
EPS Revisions
Managers
NameTitle
Marcos Eduardo Galperin Chairman, President & Chief Executive Officer
Stelleo Tolda Chief Operating Officer & Executive Vice President
Pedro Arnt Chief Financial Officer & Executive Vice President
Daniel Rabinovich Chief Technology Officer & Executive VP
Nicolas Roberto Galperin Director
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