This presentation contains statements that can represent expectations about future events or results. These statements are based on certain suppositions and analyses made by the company in accordance with its experience, with the economic environment and market conditions, and expected future developments, many of which are beyond the company's control. Important factors could lead to significant differences between real results and the statements on expectations about future events or results, including the company's business strategy, Brazilian and international economic conditions, technology, financial strategy, developments in the footwear industry, conditions of the financial market, and uncertainty on the company's future results from operations, plans, objectives, expectations and intentions - among other factors. In view of these aspects, the company's results could differ significantly from those indicated or implicit in any statements of expectations about future events or results.
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PARTICIPANTS
Pedro Bartelle
Chief Executive Officer
Wagner Dantas da Silva
Chief Administrative and Financial Officer and Investor Relations Officer
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HIGHLIGHTS
Gross Volume: 7.9 million pairs/pieces in 3Q20, growth of 8.6 % compared to 3Q19 and 15.4 million pairs/pieces in 9M20, down of 22.2 % compared to 9M19.
Net Revenue: R$ 382.9 million in 3Q20, growth of 6.5% compared to 3Q19 and R$ 720.2 million in 9M20, down of 27.0 % compared to 9M19.
Gross Profit: R$ 130.8 million to 3Q20, growth of 4.8% compared to 3Q19 R$ 234.3 million in 9M20, down of 30.7% compared to 9M19.
Gross Margin: 34.2 % in 3Q20, down de 0,5 p.p . in relation to 3Q19, and 32.5 % to 9M20 down 1,8 p.p. compared to 9M19
Net Income: R$ 43.4 million to 3Q20, growth of 3.8% compared to 3Q19 and (R$ 23.0) million to 9M20, down R$ 121.0 million in relation of R$ 98.0 to 9M19
EBITDA: R$ 66.3 million to 3Q20, growth of 2.6 % compared of R$ 64.6 million in 3T19 and R$ 38.4 million to 9M20, down of 76.3% compared to 9M19
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Vulcabras|azaleia SA published this content on 09 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2020 21:50:07 UTC
Vulcabras SA, formerly known as Vulcabras Azaleia SA is a Brazil-based company primarily engaged in the manufacture of footwear. The Company is involved in the production and marketing of sports, menâs and women's footwear, as well as in the manufacture and sale of apparel. The Company sells products under various trademarks, including Olympikus, Under Armour and Mizuno, among others. In addition, the Company manufactures, under the brand name Botas Vulcabras, safety boots for hospitals, laboratories, as well as for food, construction, mining, metallurgy and chemical industries. The Firm exports its products to Chile, Colombia and Peru, among others. The Company operates through a number of subsidiaries, such as Vulcabras CE Calcados e Artigos Esportivos SA, Running Comercio e Industria de Artigos Esportivos Ltda and Wave Representacao de Artigos Esportivos Ltda.
VULCABRAS S.A. 
