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Cielo SA (CIEL3.SA)

CIEL3.SA on Sao Paulo Stock Exchange

10.96BRL
15 Feb 2019
Change (% chg)

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R$ 10.96
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15,937,720
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R$ 25.30
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R$ 8.47

Latest Key Developments (Source: Significant Developments)

Brazilian Antitrust Watchdog Cade To Investigate Anticompetitive Practices In Financial Markets- Statement
Wednesday, 5 Dec 2018 06:41pm EST 

Dec 5 (Reuters) - :BRAZILIAN ANTITRUST WATCHDOG CADE TO INVESTIGATE ANTICOMPETITIVE PRACTICES IN FINANCIAL MARKETS, PAYMENT SERVICES- STATEMENT.BRAZIL'S CADE SAYS VERTICAL GROUPS IN FINANCIAL MARKETS RESTRICT COMPETITION.BRAZIL'S ANTITRUST WATCHDOG CADE DOES NOT MENTION ANY COMPANY IN INVESTIGATION OF ANTICOMPETITIVE PRICES IN FINANCIAL MARKETS.  Full Article

Santander Brasil CEO Rial says bank will open up to 300 new branches in two years
Wednesday, 31 Oct 2018 11:20am EDT 

Oct 31 (Reuters) - Cielo SA ::SANTANDER BRASIL CEO RIAL SAYS BANK MAY LAUNCH NEW PRODUCTS RELATED TO LOANS TO INDIVIDUALS.SANTANDER BRASIL CEO RIAL SAYS BANK WILL LAUNCH UP TO 300 NEW BRANCHES IN TWO YEARS.SANTANDER BRASIL CEO RIAL SAYS BANK CONTINUES TO SEEK HIGHER RETURN ON EQUITY.SANTANDER BRASIL CEO RIAL EXPECTS DELINQUENCY RATES IN LOANS TO REMAIN STABLE OR FALL.  Full Article

Cielo CEO Gouveia Says Larger Brazilian Card Processing Firms Target Higher Profitability, New Firms Look To Gain Market Share
Thursday, 1 Feb 2018 05:06pm EST 

Feb 1 (Reuters) - Cielo Sa ::BRAZIL'S CIELO POSTS FOURTH-QUARTER NET INCOME OF 1.04 BILLION REAIS (THOMSON REUTERS CONSENSUS: 1.094 BILLION REAIS).BRAZIL'S CIELO MISSES ESTIMATES WITH FOURTH-QUARTER EBITDA OF 1.3 BILLION REAIS (THOMSON REUTERS CONSENSUS: 1.664 BILLION REAIS).BRAZIL'S CIELO CEO EDUARDO GOUVEIA SAYS CO GUIDANCE FOR 2018 ASSUME PROBABLE LOSS OF MARKET SHARE.CIELO CEO GOUVEIA SAYS LARGER BRAZILIAN CARD PROCESSING FIRMS TARGET HIGHER PROFITABILITY, NEW FIRMS LOOK TO GAIN MARKET SHARE.  Full Article

UPDATE 1-Brazil's Cielo targets up to $691 mln profit in 2019, vs $883 mln in 2018

SAO PAULO, Jan 29 Brazil's Cielo SA is targeting profit of between 2.3 billion reais and 2.6 billion reais ($612 million to $691 million) this year, down from 3.3 billion reais ($883 million) in 2018, the card processor said in a securities filing on Tuesday.