Movida Participações S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 06, 2023
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Movida Participações S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was BRL 2,666.22 million compared to BRL 2,536.7 million a year ago. Net loss was BRL 65.72 million compared to net income of BRL 93.72 million a year ago.
For the nine months, sales was BRL 7,848.57 million compared to BRL 6,673.71 million a year ago. Net loss was BRL 62.54 million compared to net income of BRL 538.57 million a year ago. Basic loss per share from continuing operations was BRL 0.1738 compared to basic earnings per share from continuing operations of BRL 1.4897 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. 
