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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 15.1% in August

09/17/2020 | 08:25am EST

Retail sales fall 15.1% in August, according to ICVA

Although the COVID-19 pandemic is still hurting the sector, retail shows recovery for the fourth

consecutive month

The COVID-19 pandemic has continued to impact the retail results. Excluding inflation, retail sales fell 15.1% in August compared to the same month last year. In nominal terms, which reflect sales revenue received by retailers, the ICVA fell 12.6%.

Despite the decline, August was the fourth consecutive month of recovery in sales. The positive highlights were the Building Materials and Furniture, Home Appliances and Department Stores segments.

"It is worth noting that, in August, the retail sector not only continued the recovery movement, but also accelerated this trajectory. Excluding calendar effects, nominal revenue was a little less than 10% below the same month last year," says Cielo's Business Analytics Director, Gabriel Mariotto. "Recovery was particularly strong in Durable Goods, but even Services, the segment that was most heavily hit by social distancing measures, saw an improvement in sales last month", adds Mariotto.

Year on Year Retail Sales Performance

5.8%

6.9%

7.6%

6.9%

5.7%

6.1%

5.2%

3.6%

5.2%

3.1%

2.3%

2.6%

Aug-19

Sep-19

Oct-19

Nov-19

Dec-19

Jan-20

BRAZIL

9.1%

5.2%

-11.7%

-9.7%

-12.6%

-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

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

BRAZIL

4.8%

7.0%

5.6%

6.6%

6.1%

1.4%

4.8%

3.9%

4.3%

2.5%

6.3%

7.5%

2.6%

3.7%

-10.5%

-12.5%

-9.9%

-19.4%

-12.5%

-23.8%

-28.3%

-20.7%

-24.9%

-36.0%

-37.1%

Aug-19

Sep-19

Oct-19

Nov-19

Dec-19

Jan-20

Feb-20

Mar-20

Apr-20

-29.4%

May-20

Jun-20

Jul-20

Aug-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 0.24% in August, the highest figure for the month since 2016. In the last 12 months, inflation amounted to 2.44%. According to the Brazilian Institute of Geography and Statistics (IBGE), Transport and Food & Beverages contributed to the acceleration of the index.

Considering the IPCA weighted by sector and ICVA weights, broad retail inflation was 2.9%, higher than in July.

SECTORS

Excluding inflation and with calendar adjustments, Durable & Semi-Durable Goods accounted for most of the index acceleration, led by Furniture, Home Appliances and Department Stores. Services also accelerated, especially in the Tourism & Transport and Bars & Restaurants segments, which, despite the still substantial year-on-year drop, are showing an accelerated recovery. Non-Durable Goods decelerated slightly compared to the previous month, but continue to be the least affected sector since the beginning of the crisis caused by the pandemic.

REGIONS

All regions recorded a downturn in sales compared to August 2019. According to the deflated ICVA with calendar adjustment, the Southeast region recorded the biggest decline in August 2020 (-14.1%), followed by the South (-11.9%), Northeast (-11.7%), Midwest (-9.5%) and North (-1.5%) regions.

According to the nominal ICVA - which does not discount inflation - with calendar adjustments, the highlight was the Southeast region (-12.4%), followed by the South ( 8.6%), Northeast (-8.1%) and Midwest (-6.1%) regions. The only region to record an increase (3.6%) was the North.

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

6.6%

6.2%

6.9%

5.9%

6.2%

4.8%

5.3%

4.7%

5.8%

5.7%

5.7%

4.0%

3.2%

3.2%

3.1%

1.8%

2.0%

-0.1%

1.9%

1.7%

2.1%

1.7%

2.4%

-0.9%

Aug-19

Sep-19

Oct-19

Nov-19

Dec-19

Jan-20

7.9% 6.3% 3.8% 2.2%

-12.9%

-12.4%

-14.1%

-13.8%

-14.8%

-14.8%

-21.7%

-16.5%

-17.1%

-22.4%

-26.8%

-27.4%

-22.2%

-32.8%

-22.9%

-27.8%

-33.8%

-28.4%

-39.6%

-34.8%

-40.2%

-34.2%

-40.9%

-41.5%

Feb-20

Mar-20

Apr-20

May-20

Jun-20

Jul-20

Aug-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

8.3%

8.8%

6.8%

7.4%

5.5%

7.0%

4.1%

5.6%

8.0%

8.4%

6.2%

7.8%

7.6%

6.1%

5.6%

6.8%

5.8%

6.4%

6.0%

2.2%

5.7%

2.1%

1.6%

1.8%

10.0%

7.5% 6.6%

4.2%

-6.2% -6.2%

-8.6% -9.1%

-16.4%

-16.5%

-17.4%

-17.4%

-18.0%

-17.1%

-17.3%

-17.9%

SOUTH

-8.6%

-16.1%

-11.6%

-11.9%

-17.3%

-14.8%

-18.3%

-19.5%

-26.9%

-27.8%

-27.9%

-28.7%

Aug-19

Sep-19

Oct-19

Nov-19

Dec-19

Jan-20

Feb-20

Mar-20

Apr-20

May-20

Jun-20

Jul-20

Aug-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

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

6.1%

7.6%

6.8%

5.3%

5.3%

3.2%

4.5%

2.4%

7.7%

8.4%

7.8%

9.8%

9.0%

6.1%

7.9%

6.4%

7.3%

6.8%

5.8%

6.7%

6.2%

4.7%

5.9%

4.6%

6.3%

3.6%

4.2%

Aug-19

Sep-19

3.0%

Oct-19

Nov-19

Dec-19

Jan-20

-4.8%

-7.0%

-6.5%

-9.1%

-35.6%-36.2%

-36.7%

-37.3%

Feb-20

Mar-20

Apr-20

-8.1%

-11.4%

-18.2%

-11.7%

-19.0%

-14.8%

-24.3%

-25.7%

-20.8%

-30.2%

-21.5%

-25.4%

-31.6%

-26.8%

-31.4%

-32.6%

May-20

Jun-20

Jul-20

Aug-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

11.3%

7.5%

7.4%

7.7%

7.0%

7.9%

10.0%

6.4%

6.9%

6.5%

6.8%

7.0%

7.5%

7.2%

5.7%

5.7%

6.2%

3.5%

5.5%

2.8%

3.5%

5.9%

5.0%

2.7%

5.3%

4.6%

2.7%

3.1%

-4.9%

-6.1%

-5.8%

-6.9%

-13.4%

-8.9%

-9.5%

-9.3%

-14.4%

-14.1%

-15.6%

-12.2%

-18.5%

-20.1%

-15.0%

-15.1%

-16.1%

-15.8%

-19.2%-20.5%

-28.1%

-28.5%

Aug-19

Sep-19

Oct-19

Nov-19

Dec-19

Jan-20

Feb-20

Mar-20

Apr-20

-27.5%

-27.8%

May-20

Jun-20

Jul-20

Aug-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

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 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 September 2020 12:24:01 UTC


© Publicnow 2020
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Sales 2020 11 559 M 2 184 M 2 184 M
Net income 2020 464 M 87,6 M 87,6 M
Net Debt 2020 6 314 M 1 193 M 1 193 M
P/E ratio 2020 22,6x
Yield 2020 1,97%
Capitalization 10 341 M 1 970 M 1 954 M
EV / Sales 2020 1,44x
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Nbr of Employees 3 000
Free-Float 40,9%
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Mean consensus HOLD
Number of Analysts 15
Average target price 4,55 BRL
Last Close Price 3,82 BRL
Spread / Highest target 51,8%
Spread / Average Target 19,0%
Spread / Lowest Target -21,5%
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Paulo Rogério Caffarelli Chief Executive Officer
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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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