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MarketScreener Homepage  >  Equities  >  Bolsa de Valores de Sao Paulo  >  CIELO S.A.    CIEL3   BRCIELACNOR3

CIELO S.A.

(CIEL3)
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CIELO S A : Notice to the Market - Retail sales fall 7.7% in October compared to the same month last year, according to ICVA

11/17/2020 | 07:03am EST

Retail sales fall 7.7% in October compared to the same month

last year, according to ICVA

The recovery slowed down compared to September

Still affected by the COVID-19 pandemic, Brazilian retail sales fell 7.7%, excluding inflation, in October compared to the same month last year, as indicated by the Cielo Broad Retail Index (ICVA). In nominal terms, which reflect sales revenue received by retailers, the ICVA fell 1.6%.

Despite the decline from October 2019, retail recorded month-on-month recovery for the seventh consecutive time. The positive highlight was the acceleration of sectors such as Food (bars and restaurants), Veterinary Clinics and Pet Shops. On the other hand, the Building Material and Automotive sectors slowed down.

"The pace of retail recovery slowed down in October, although the most affected segments in the beginning of the pandemic, such as Bars and Restaurants and Tourism and Transport, continued to fall less," says Cielo's Director of Intelligence, Gabriel Mariotto. "The sectors that contributed most to the slowdown in the recovery were those that were growing well above average until September, such as Supermarkets and Hypermarkets and Building Materials".

Year on Year Retail Sales Performance

7.6%

6.9%

BRAZIL

6.1%

6.9%

9.1%

5.2%

5.2%

Oct-19

Nov-19

2.6%

3.1%

Dec-19

Jan-20

5.2%

-1.6%

-3.5%

-7.7%

-9.7%

-12.6%

-7.9%

-11.7%

-18.6%

-15.1%

-22.9%

-19.9%

-29.5%

-24.1%

-35.4%

-30.5%

-36.5%

Feb-20

Mar-20

Apr-20

May-20

Jun-20

Jul-20

Aug-20

Sep-20

Oct-20

Nominal ICVA Deflated* ICVA *Adjusted by national Consumer Price Index (IPCA) according to the sectors contained in ICVA

For further information, please contact the Investor Relations area: ri@cielo.com.br

ir.cielo.com.br

Phone: +55 11 2596 8453

Year on Year Retail Sales Performance with Calendar Adjustment

5.6%

6.6%

6.1%

6.3%

7.5%

3.9%

4.3%

2.5%

2.6%

3.7%

BRAZIL

-3.0%

-2.4%

-10.5%

-9.9%

-7.4%

-8.4%

-12.5%

-19.4%

-12.5%

-23.8%

-20.7%

-28.3%

-24.9%

-29.4%

-36.0%

-37.1%

Oct-19

Nov-19

Dec-19

Jan-20

Feb-20

Mar-20

Apr-20

May-20

Jun-20

Jul-20

Aug-20

Sep-20

Oct-20

Nominal ICVA with Calendar Adjustment

Deflated* ICVA with Calendar Adjustment

*Adjusted by national Consumer Price Index (IPCA) according to the sectors contained in ICVA

INFLATION

The Broad Consumer Price Index (IPCA) increased 0.86% in October, the highest figure for the month since 2002. In the last 12 months, inflation amounted to 3.92%. According to the Brazilian Institute of Geography and Statistics (IBGE), Food & Beverages played a major role in the index increase.

Considering the IPCA weighted by sector and ICVA weights, broad retail inflation was 6.5% in October.

SECTORS

Excluding inflation and with calendar adjustments, Durable & Semi-Durable Goods accounted for most of the index increase, followed by Services. In the first group, the highlight was Apparel. In the second group, it is worth noting an acceleration in the Food (bars and restaurants) sector.

The Non-Durable Goods macro sector slowed down in October, chiefly due to the Drugstore & Pharmacy sector. In this group, the positive highlight was Veterinary Clinics and Pet Shops, which recorded growth.

REGIONS

All regions recorded a downturn in sales compared to October 2019. According to the deflated ICVA with calendar adjustment, the Southeast and Northeast regions recorded the biggest decline in October 2020 (-9.2%), followed by the South (-6.7%), Midwest (-6.3%) and North (-2.9%) regions.

According to the nominal ICVA - which does not discount inflation - with calendar adjustment, the highlight was the North region, up by 5.6%. The Midwest increased 0.8%, followed by the South (-0.4%), Northeast (-2.5%) and Southeast (4.0%) regions.

For further information, please contact the Investor Relations area: ri@cielo.com.br

ir.cielo.com.br

Phone: +55 11 2596 8453

Year on Year Retail Sales Performance by Region

SOUTHEAST

6.2%

6.9%

5.9%

6.2%

4.7%

5.8%

5.7%

5.7%

2.4%

3.2%

3.1%

1.8%

1.7%

2.1%

2.0%

1.7%

7.9% 6.3%

3.8% 2.2%

-12.9%

-13.8%

-14.8% -17.1%

-32.8%-33.8%

-39.6%

-34.2%

-40.2%

-40.9%

-34.8%

-5.2%

-3.4%

-5.9%

-4.0%

-12.4%

-8.7%

-14.8%

-8.5%

-9.2%

-9.2%

-21.7%

-14.1%

-26.8%

-22.4%

-16.5%

-22.2%

-27.4%

-22.9%

-27.8%

-28.4%

-41.5%

Oct-19

Nov-19

Dec-19

Jan-20

Feb-20

Mar-20

Apr-20

May-20

Jun-20

Jul-20

Aug-20

Sep-20

Oct-20

Nominal ICVA

Nominal ICVA with Calendar Adjustment

Deflated* ICVA

Deflated* ICVA with Calendar Adjustment

*Adjusted by national Consumer Price Index (IPCA) according to the sectors contained in ICVA

Year on Year Retail Sales Performance by Region

SOUTH

8.4%

10.0%

8.0%

7.6%

6.1%

6.2%

7.5%

7.8%

6.6%

6.8%

5.8%

5.6%

4.2%

0.5%

6.0%

6.4%

2.2%

5.7%

2.1%

1.6%

0.5%

1.1%

1.8%

-0.4%

-6.2%

-8.6%

-5.4%

-6.2%

-4.7%

-11.6%

-8.6%

-6.7%

-4.7%

-9.1%

-16.5%

-16.1%

-16.4%

-17.4%

-17.3%

-17.4%

-11.9%

-17.1%

-14.8%

-17.3%

-18.3%

-18.0%

-17.9%

-19.5%

-26.9%

-27.8%

-27.9%

-28.7%

Oct-19

Nov-19

Dec-19

Jan-20

Feb-20

Mar-20

Apr-20

May-20

Jun-20

Jul-20

Aug-20

Sep-20

Oct-20

Nominal ICVA

Nominal ICVA with Calendar Adjustment

Deflated* ICVA

*Adjusted by national Consumer Price Index (IPCA) according to the sectors contained in ICVA

Deflated* ICVA with Calendar Adjustment

For further information, please contact the Investor Relations area: ri@cielo.com.br

ir.cielo.com.br

Phone: +55 11 2596 8453

Year on Year Retail Sales Performance by Region

NORTHEAST

7.7%

8.4%

7.9%

6.4%

7.8%

6.1%

5.8%

7.3%

6.2%

6.8%

6.3%

3.6%

4.7%

4.6%

4.2%

3.0%

9.8% 9.0%

6.7% 5.9%

-4.8%

-7.0%

-6.5%

-9.1%

-18.2%

-19.0%

-24.3%

-25.7%

-20.8%

-30.2%

-21.5%

-31.6%

-25.4%

-8.1%

-11.4%

-11.7%-14.8%

-2.3%

-1.5%

-2.6%

-2.5%

-8.3%

-7.9%

-9.2%

-8.1%

-35.6%

-36.7%

-36.2%

-37.3%

Oct-19

Nov-19

Dec-19

Jan-20

Feb-20

Mar-20

Apr-20

-26.8%

-31.4%

-32.6%

May-20

Jun-20

Jul-20

Aug-20

Sep-20

Oct-20

Nominal ICVA

Nominal ICVA with Calendar Adjustment

Deflated* ICVA

Deflated* ICVA with Calendar Adjustment

*Adjusted by national Consumer Price Index (IPCA) according to the sectors contained in ICVA

Year on Year Retail Sales Performance by Region

MIDWEST

7.7%

7.0%

7.9%

11.3%

7.4%

10.0%

6.5%

6.8%

7.0%

7.5%

7.2%

6.2%

5.5%

2.8%

3.5%

5.9%

5.3%

4.6%

2.7%

3.1%

0.4%

1.7%

-0.2%

0.8%

-6.1%

-4.9%

-5.3%

-8.9%

-5.5%

-5.8%

-6.9%

-13.4%

-5.9%

-6.3%

-9.3%

-14.4%

-14.1%

-15.6%

-9.5%

-18.5%

-12.2%

-20.1%

-15.0%

-15.1%

-16.1%

-15.8%

-19.2%

-20.5%

-27.5%

-28.5%

-27.8%

-28.1%

Oct-19

Nov-19

Dec-19

Jan-20

Feb-20

Mar-20

Apr-20

May-20

Jun-20

Jul-20

Aug-20

Sep-20

Oct-20

Nominal ICVA

Nominal ICVA with Calendar Adjustment

Deflated* ICVA

*Adjusted by national Consumer Price Index (IPCA) according to the sectors contained in ICVA

Deflated* ICVA with Calendar Adjustment

For further information, please contact the Investor Relations area: ri@cielo.com.br

ir.cielo.com.br

Phone: +55 11 2596 8453

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Cielo SA published this content on 17 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2020 12:02:06 UTC


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Net income 2020 464 M 86,7 M 86,7 M
Net Debt 2020 6 314 M 1 180 M 1 180 M
P/E ratio 2020 22,3x
Yield 2020 1,99%
Capitalization 10 206 M 1 911 M 1 907 M
EV / Sales 2020 1,43x
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Nbr of Employees 3 000
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Technical analysis trends CIELO S.A.
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Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 15
Average target price 4,55 BRL
Last Close Price 3,77 BRL
Spread / Highest target 53,8%
Spread / Average Target 20,6%
Spread / Lowest Target -20,4%
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Paulo Rogério Caffarelli Chief Executive Officer
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José Maurício Pereira Coelho Director
Francisco Augusto da Costa e Silva Independent Director
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