Movida Participações S.A. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022
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Movida Participações S.A. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was BRL 1,965.79 million compared to BRL 804.89 million a year ago. Net income was BRL 258.09 million compared to BRL 109.48 million a year ago. Basic earnings per share from continuing operations was BRL 0.7143 compared to BRL 0.3671 a year ago. Diluted earnings per share from continuing operations was BRL 0.7127 compared to BRL 0.3653 a year ago.
Movida Participacoes SA is a Brazil-based company primarily engaged in the passenger car rental. The Company, through its subsidiaries Movida Locacao de Veiculos Ltda and Movida Gestao de Frotas SA, provides cars within short and long-time agreements, as well as fleet outsourcing to business customers. The Company's cars are equipped with Global Positioning System (GPS), music player and wireless Internet, as well as with other on demand facilities, such as baby car seat. Its car brand names include Volkswagen, Fiat, Ford, Hyundai, Renault, Jeep, Chevrolet and Mercedes, among others. In addition, the Company sells used cars. The Company operates offices in numerous cities and near airports, in Brazil.
MOVIDA PARTICIPAÇÕES S.A. 
