The announcement was made during the Investor Day held in
New York, for presenting the
company's medium- and long-term plans
SÃO PAULO, Nov. 15,
2023 /PRNewswire/ -- During the Investor Day event
held in New York on Wednesday
(15), Stone (Nasdaq: STNE, B3: STOC31) announced the
company's projections for the coming years. With a business model
focused on growth and efficiency gains, the expectation is for more
than doubling profitability over 4 years, hoping to exceed an
adjusted net income of R$ 4.3
billion. In 2027, Stone plans to exceed R$ 600 billion in TPV and a take rate above 2.70%
in MSMB, exceed R$ 14 billion in
client deposits, and achieve a credit portfolio above R$ 5.5 billion.
The company presented a strategy based on three priority
pillars: growing in the Micro, Small, and Medium Enterprise (MSMB)
market, increasing engagement of its base by expanding the offering
of financial services and integration with software, and
increasingly gaining more operational efficiency to grow with low
incremental investment.
Four verticals - retail, food, pharma, and gas stations - will
be prioritized on the software platform from now on. The objective
is for Stone to consolidate itself as the one-stop-shop for its
customers, integrating its solutions to help them sell more, manage
better, and make their businesses thrive.
After the arrival of the company's new CEO, Pedro Zinner, in April this year, StoneCo.
announced a restructuring for directing the company in its market
strategies by customer segment, aiming to accelerate integration of
financial services solutions with software assets. "Throughout our
trajectory, we have developed a powerful growth engine that has
enabled us to scale quickly. We have built a profitable and
cash-generating business model. Now, we have many opportunities for
using efficiency to improve profitability, as we have historically
prioritized speed of growth", Zinner explains.
Last Friday (10), StoneCo. released its results for the third
quarter of 2023. Adjusted net income more than tripled compared to
last year and closed the period at R$ 435
million. Stone expanded its base to 3.3 million active
payments customers with the addition of 316 thousand new active
clients in the quarter. Net revenue for the quarter was
R$ 3.1 billion, and Adjusted EBT was
R$ 545 million.
More information about Stone's Investor Day can be found
at https://investors.stone.co/
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SOURCE Stone