Brazil · Delayed Price · Currency is BRL CVC Brasil Operadora e Agência de Viagens Earnings Call Transcripts
Fiscal Year 2025
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EBITDA margin surpassed 30% with record cash generation and strong B2B growth in both Brazil and Argentina. Digital transformation and expansion into metasearch platforms are set to drive future growth, while deleveraging and efficiency remain top priorities.
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Strong B2B growth and international expansion drove a 15% increase in confirmed bookings and a 36% rise in net profit, while leverage dropped to 0.5x EBITDA. Ongoing digitalization and store expansion in small towns support future growth, despite B2C headwinds and maritime travel challenges.
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Q2 2025 saw 16% net revenue growth and 31% EBITDA growth, driven by strong B2B and international performance, improved cash generation, and strategic diversification. High interest rates and maritime capacity cuts pressured B2C, but new tech initiatives and capital structure improvements support future resilience.
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Q1 2025 saw 30% sales growth and a BRL 1 billion increase, with all business units expanding and EBITDA up 21%. Phygital sales reached 44% of B2C, exclusive products grew to 22%, and net debt fell to 0.9x EBITDA. Growth is expected to continue, though at a more moderate pace.
Fiscal Year 2024
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Record store openings and strong growth in B2C and B2B drove a turnaround, with adjusted net profit of BRL 54 million and EBITDA doubling to BRL 389 million in 2024. Market share gains, improved margins, and a robust outlook for 2025 are supported by ongoing tech investments.
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Q3 2024 saw record store openings, double-digit B2C growth, and a return to net income after 20 quarters of losses. EBITDA rose 30% year-over-year, net debt was reduced, and operating cash generation matched 2019 levels, with strong outlook for continued growth and profitability.
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Q2 2024 saw record store openings, strong B2C growth, and a turnaround in profitability, with adjusted EBITDA reaching BRL 70.3 million and operating cash generation at an 18-quarter high. Market share gains, improved take rates, and continued expansion position the company for further growth.