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    VVAR3   BRVVARACNOR1

VIA VAREJO S.A.

(VVAR3)
  Report
End-of-day quote. End-of-day quote Bolsa de Valores de Sao Paulo - 06/18
15.17 BRL   +0.73%
06/14VIA VAREJO S A  : Comunicado ao Mercado
PU
05/12VIA VAREJO S.A.  : 1st quarter report
CO
05/12VIA VAREJO S.A.  : 1st quarter results
CO
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Via Varejo S A : Brazilian retailer Via Varejo acquires fintech Airfox

05/26/2020 | 08:46am EDT

Brazilian retailer Via Varejo has acquired Boston-based fintech Airfox, nearly two years after the companies announced a partnership to provide banking services to millions of consumers in the country.

Airfox entered a deal in September 2018 to provide its banQi mobile banking app through Via Varejo, which serves about 60 million customers through its Casas Bahia and Ponto Frio retail chains, according to a press release.

Andre Calabro, financial director of Via Varejo, will become CEO of Airfox and banQi, while CEO Airfox CEO Victor Santos will transition to chief strategy officer, where he will manage product, corporate strategy and engineering. 

"I'm incredibly proud of what AirFox has accomplished so quickly and forever grateful to our ingenious and dedicated team members for all their hard work," Santos said in the release. “With Via Varejo's support, we'll continue to lead the charge in leveraging today's technology for tomorrow's solutions and securing greater financial inclusion for all."

According to Calabro, the banQi app reached one million downloads during the first quarter, saw a 300% increase in bill payments and saw a 117% increase in Casa Bahia CDC carnes, which are in-store loans that are used for big ticket purchases, like furniture, electronics or appliances.

Copyright © 2020 Networld Media. All rights reserved., source Industry News

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Financials
Sales 2021 34 372 M 6 923 M 6 923 M
Net income 2021 659 M 133 M 133 M
Net Debt 2021 7 252 M 1 461 M 1 461 M
P/E ratio 2021 37,0x
Yield 2021 0,43%
Capitalization 25 154 M 5 021 M 5 067 M
EV / Sales 2021 0,94x
EV / Sales 2022 0,78x
Nbr of Employees 46 000
Free-Float 8,17%
Chart VIA VAREJO S.A.
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Via Varejo S.A. Technical Analysis Chart | MarketScreener
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Technical analysis trends VIA VAREJO S.A.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 15,75 BRL
Average target price 18,69 BRL
Spread / Average Target 18,6%
EPS Revisions
Managers and Directors
NameTitle
Roberto Fulcherberguer Chief Executive Officer
Orivaldo Padilha VP-Finance & Investor Relations Officer
Raphael Oscar Klein Chairman
Abel Ornelas Vieira Vice President-Sales & Operations
Sérgio Augusto França Leme Vice President-Administrative
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