Stone Releases Preliminary Fourth Quarter 2018 Operational Metrics
January 21 2019 - 4:00AM
Announces Participation in Upcoming
Investor Conferences
StoneCo Ltd. (Nasdaq: STNE) (“Stone” or the “Company”), a leading
provider of financial technology solutions that empower merchants
to conduct commerce seamlessly across multiple channels and help
them grow their business over time through technology, today
releases preliminary operational metrics for the fourth quarter of
2018, announces its participation in upcoming investor conferences
and provides details for the Company’s fourth quarter and fiscal
year 2018 earnings results.
Preliminary Operational Metrics for the Fourth Quarter
of 2018
- Take rate1 in the fourth quarter of 2018 was 1.88%, a 30 basis
point increase versus the fourth quarter of 2017 and a basis point
increase versus the third quarter of 2018.
- As of December 31, 2018 the Company had 267.9 thousand active
clients, up 104.1% from 131.2 thousand on December 31, 2017. The
net addition of active clients in the fourth quarter was 33.5
thousand, an improvement in net addition per sales force working
day2 compared to the third quarter of 2018.
- Total Payment Volume (TPV) was R$26.6 billion in the fourth
quarter of 2018, an increase of 73.8% from R$15.3 billion in the
fourth quarter of 2017.
“We are pleased to report strong fourth quarter 2018 operating
metrics,” said Thiago Piau, chief executive officer of Stone. “We
believe our company is very well positioned to continue to help our
clients grow and improve their businesses, by providing them a
superior value proposition and the best customer experience. We
remain committed to the execution of our growth strategies, which
are based on: high-quality products; the best client service in
Brazil; proprietary distribution channels; building of an
entrepreneurial and decentralized business culture, with leaders
that really think about the long term.”
Upcoming Investor Conferences
The Company will be attending the following investor
conferences:
- On Tuesday, January 29, the Company will attend the Credit
Suisse 2019 Latin America Investment Conference in São Paulo,
Brazil.
- On Wednesday, February 13, the Company will attend the Goldman
Sachs Technology & Internet Conference in San Francisco,
CA.
- On Thursday, February 21, the Company will attend the Itaú BBA
Conferência de Bancos e Serviços Financeiros in Sao Paulo,
Brazil.
- On Monday, February 25, the Company will attend the Morgan
Stanley US Equities TMT Conference at The Palace Hotel in San
Francisco, CA.
Conference Call
The Company will release its complete fourth quarter and fiscal
year 2018 financial results on March 18, after market-close.
More details will be provided at a later date.
About Stone
Stone is a leading provider of financial technology solutions
that empower merchants to conduct commerce seamlessly across
multiple channels and help them grow their business over time
through technology. For more information please visit
https://www.stone.co/.
Forward-Looking Statements
This press release contains "forward-looking
statements" within the meaning of the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are made as of the date they were first
issued and were based on current expectations, estimates, forecasts
and projections as well as the beliefs and assumptions of
management. Words such as "expect," "anticipate," "should,"
"believe," "hope," "target," "project," "goals," "estimate,"
"potential," "predict," "may," "will," "might," "could," "intend,"
variations of these terms or the negative of these terms and
similar expressions are intended to identify these forward-looking
statements. Forward-looking statements are subject to a number of
risks and uncertainties, many of which involve factors or
circumstances that are beyond Stone’s control.
Stone’s actual results could differ materially
from those stated or implied in forward-looking statements due to a
number of factors, including but not limited to: more intense
competition than expected, lower addition of new clients,
regulatory measures, more investments in our business than
expected, among other factors.
Contact:
ICR, Inc. +1 646-277-1200 Investor Relations:
StoneIR@icrinc.com
______________________
1 Take rate means the sum of net revenue from transaction
activities and other services, net revenue from subscription
services and equipment rental and financial income, divided by
TPV
2 Working day considers the number of days our sales force is
active, excluding days of collective vacations in December
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