Cielo S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 30, 2023
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Cielo 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 2,619.01 million compared to BRL 2,636.72 million a year ago. Net income was BRL 456.78 million compared to BRL 422.14 million a year ago. Basic earnings per share from continuing operations was BRL 0.16969 compared to BRL 0.15632 a year ago. Diluted earnings per share from continuing operations was BRL 0.16853 compared to BRL 0.1552 a year ago.
For the nine months, sales was BRL 7,830.91 million compared to BRL 7,939.11 million a year ago. Net income was BRL 1,605.84 million compared to BRL 1,083.43 million a year ago. Basic earnings per share from continuing operations was BRL 0.59651 compared to BRL 0.40057 a year ago. Diluted earnings per share from continuing operations was BRL 0.59241 compared to BRL 0.39771 a year ago.
CIELO S.A. specializes in payment cards issuance and marketing. The activity is organized around two areas of activity:
- sale of payment means: credit cards, debit cards, online payment cards, prepaid cards, etc.;
- services: assistance, accounts and partner networks management services, etc.
CIELO S.A. 
