Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
November 15 2023 - 12:45PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of November 2023
Commission File Number: 001-38714
STONECO LTD.
(Exact name of
registrant as specified in its charter)
4th Floor, Harbour
Place
103 South Church
Street, P.O. Box 10240
Grand Cayman,
KY1-1002, Cayman Islands
+55 (11) 3004-9680
(Address of principal
executive office)
Indicate by check
mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
SIGNATURE
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
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StoneCo Ltd. |
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By: |
/s/ Mateus Scherer Schwening |
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Name: |
Mateus Scherer Schwening |
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Title: |
Chief Financial Officer and Investor Relations Officer |
Date:
November 15, 2023
EXHIBIT INDEX
Exhibit 99.1
StoneCo’s Announces Short and Mid-Long
Term Guidance
Georgetown, Grand Cayman, November
15th, 2023 - StoneCo Ltd. (Nasdaq: STNE; B3: STOC31) (“Stone” or the “Company”) announces short and mid long-term guidance
for the years of 2024 and 2027 for key financial and operational metrics, as follows:
|
2024 |
2027 |
CAGR '24-'27 |
MSMB TPV [R$ bn] |
> 412 |
> 600 |
13% |
Client Deposits [R$ bn] |
> 7.0 |
> 14.0 |
26% |
Credit Portfolio [R$ bn] |
> 0.8 |
> 5.5 |
90% |
MSMB Take Rate [%] |
> 2.49% |
> 2.70% |
- |
Adj. Net Income [R$ bn] |
> 1.9 |
> 4.3 |
31% |
Adm. Expenses [Adj. R$ bn] |
< 1.125 |
< 1.450 |
8.8% |
This
press release presents non-IFRS financial information including adjusted net income and adjusted administrative expenses. These are important
financial measures for the Company but are not financial measures as defined by IFRS. Reconciliations of the Company’s non-IFRS
financial information to the IFRS financial information appear in today’s press release.
Finally,
before we begin our formal remarks, I would like to remind everyone that today’s discussion may include forward-looking statements.
These forward-looking statements are not guarantees of future performance and therefore you should not put undue reliance on them. These
statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from the Company’s
expectations. Please refer to the forward-looking statements disclosure in the Company’s earnings press release.
In
addition, many of the risks regarding the business are disclosed in the Company’s Form 20-F filed with the Securities and Exchange
Commission, which is available at www.SEC.gov.
About StoneCo
StoneCo is a leading provider of financial technology and software
solutions that empower merchants to conduct commerce seamlessly across multiple channels and help them grow their businesses.
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. These statements
identify prospective information and may include words such as “believe,” “may,” “will,”
“aim,” “estimate,” “continue,” “anticipate,” “intend,”
“expect,” “forecast,” “plan,” “predict,” “project,”
“potential,” “aspiration,” “objectives,” “should,” “purpose,”
“belief,” and similar, or variations of, or the negative of such words and expressions, although not all forward-looking
statements contain these identifying words.
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, and our inability to
execute successfully upon our strategic initiatives, among other factors.
Contact:
Investor Relations
investors@stone.co
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