Localiza Rent a Car S.A. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year of 2020
February 26, 2021 at 10:00 am EST
Localiza Rent a Car S.A. reported consolidated earnings results for the fourth quarter and full year of 2020. For the quarter, consolidated revenue fell 2.2%. EBIT reached BRL 645.4 million, representing a 56.6% growth compared to the same period last year. Net income for the fourth quarter grew 75.9% year-over-year, reaching BRL 401.8 million.
For the year, consolidated net revenue grew 1.1%, reaching BRL 10.3 billion, EBIT exceeds BRL 1.8 billion with an increase of 21%. The company achieved profits exceeding BRL 1 billion.