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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 - Cielo is the technology service provider of Bitz, new Bradesco company

09/14/2020 | 06:10am EST

Cielo is the technology service provider at Bitz, new Bradesco

company

CIELO S.A. ("Company" or "Cielo") (B3: CIEL3 / OTC Nasdaq International: CIOXY) hereby informs to its shareholders and other stakeholders, in continuity to the statement on the transaction with related party released on June 9, 2020, which was chosen as a technology service provider for Bitz - Bradesco's new company, which will act as a digital wallet and payment account.

The Bitz digital wallet will allow its customers, among other possibilities, to add money to make bill and invoice payments directly from their cell phones, transfer amounts between Bitz accounts, make TEDs and purchases on more than 1.5 million Cielo POS machines distributed in all states and the Federal District through the QR Code, a solution that enables contactless transactions. Companies and entrepreneurs using the Bitz wallet will have the opportunity to send payment links to their customers.

"Cielo is proud to participate in this initiative with Bitz, which will boost the use of cell phones as a payment tool and consolidate the Company's position as a provider of a cutting-edge technological platform", says Paulo Caffarelli, Cielo's CEO. "In addition, transactions via QR Code generated by Bitz users on our POS machines will help to expand POS revenues". Caffarelli recalls that the number of QR Code transactions processed by Cielo grew more than 100% from June to August.

Barueri, September 14, 2020.

Gustavo Henrique Santos de Sousa

Chief Financial and Investor Relations Officer

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 14 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 September 2020 10:09:10 UTC


© Publicnow 2020
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Financials
Sales 2020 11 559 M 2 131 M 2 131 M
Net income 2020 459 M 84,7 M 84,7 M
Net Debt 2020 6 300 M 1 161 M 1 161 M
P/E ratio 2020 21,8x
Yield 2020 2,05%
Capitalization 9 908 M 1 838 M 1 826 M
EV / Sales 2020 1,40x
EV / Sales 2021 1,29x
Nbr of Employees 3 000
Free-Float 40,9%
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Technical analysis trends CIELO S.A.
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TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 15
Average target price 4,55 BRL
Last Close Price 3,66 BRL
Spread / Highest target 58,5%
Spread / Average Target 24,2%
Spread / Lowest Target -18,0%
EPS Revisions
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NameTitle
Paulo Rogério Caffarelli Chief Executive Officer
Marcelo de Araújo Noronha Chairman
Gustavo Henrique Santos de Sousa Chief Financial Officer & IR Officer
José Maurício Pereira Coelho Director
Francisco Augusto da Costa e Silva Independent Director
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