Movida Participações S.A. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was BRL 2,686 million compared to BRL 2,779.7 million a year ago. Revenue was BRL 2,493.4 million compared to BRL 2,626.6 million a year ago. Net loss was BRL 104.5 million compared to net income of BRL 17.8 million a year ago.
For the full year, sales was BRL 10,342.02 million compared to BRL 9,300.12 million a year ago. Net loss was BRL 650.85 million compared to net income of BRL 556.41 million a year ago. Basic loss per share from continuing operations was BRL 1.8241 compared to basic earnings per share from continuing operations of BRL 1.5389 a year ago. Diluted loss per share from continuing operations was BRL 1.8241 compared to diluted earnings per share from continuing operations of BRL 1.5372 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.
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