The tour company released its numbers Tuesday night
Felipe Moreira
(Roberto Tamer/Disclosure)
* Fix: The recipe value was incorrect and fixed in 20:14 version
CVC (CVCB3) reported a net loss of R$96.8 million in the fourth quarter of 2022 (Q4-22), which is 33.6% less than the amount recorded in the same period of 2021, the company reported Tuesday (14) .
In 2022, the recorded losses amounted to R$433.4 million, 10.9% less than those recorded in 2021, R$486.6 million.
Total EBITDA was R$83 million in Q4 ’22, a negative result of R$35.4 million in Q4 ’21.
Adjusted Ebitda, in turn, fell 52.4% year-over-year, to R$4.2 million in the fourth quarter of 22.
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Net revenue totaled R$ 321.4 million in the fourth quarter of this year, a growth of 2.4% compared to the same period in 2021, with reserves growth partially offset by a decrease in the receiving rate, due to business and product mix, such as increased sales of marine products and lower occupancy in exclusive products in certain locations.
The net financial result was negative by R$ 111.6 million in Q4 2022, the increase compared to Q4 2021 is mainly due to the effects of the increase in average CDI collected on net debt (7.63% per annum in Q4 2021 to 13.65 % annually). in the fourth quarter of 22) and charges on prepayments of receivables, with R$998.6 million in advance payments in the quarter, due to the increased need for cash in the period due to the seasonality of business and the growth of operations,” the company explains.
In the fourth quarter of ’22, CVC Corp’s selling expenses decreased 4.2% compared to the fourth quarter of ’21.
As at December 31, 2022, shareholders’ equity totaled R$316.5 million compared to a balance of R$375.3 million as at December 31, 2021. “This reduction is mainly due to the increase in the accumulated losses item, which was partially offset by the capital increase that occurred in the year and by the increase in the title of the capital reserve,” the company explains.
The total investments made by CVC Corp in the fourth quarter of 2200 amounted to R$ 78.6 million and were mainly directed towards the completion of projects focused on digital transformation and also aimed at information technology and security, in line with the investment plan approved in 2021.
At the end of 2022, the total bond balance was R$896.7 million, less than the R$990.1 million verified at the end of 2021 due to the amortization of R$100 million last June and about half of the total debt verified at the end of 2019. (pre-pandemic).
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