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Vivara Jewelry Chain Posts Record 91.9% Profit Surge In Q4 2024
(MENAFN- The Rio Times) Vivara, Latin America's largest jewelry retailer, announced yesterday a remarkable 91.9% increase in fourth-quarter net profit to R$299.4 million ($49.9 million).
The financial report released Wednesday morning revealed exceptional performance across all key metrics despite challenging market conditions. The jewelry giant posted Q4 net revenue of R$913.3 million ($152.2 million), representing a 17.4% jump from the same period last year.
EBITDA for the quarter reached R$338.5 million ($56.4 million), soaring 50.4% year-over-year and demonstrating strong operational efficiency. Full-year results proved equally impressive, with 2024 net profit climbing to R$653.3 million ($108.9 million).
This represents a 71.4% increase from 2023. Annual net revenue grew 17.8% to R$2.57 billion ($428.3 million) while yearly EBITDA rose 42.5% to R$833.2 million ($138.9 million).
Founded over 60 years ago, Vivara operates through two main brands - Vivara and Life - with over 390 points of sale across Brazil. The company maintains a vertically integrated business model spanning design, manufacturing, and retail operations.
Vivara showed steady growth throughout 2024. Second-quarter performance particularly stood out with net profit of R$210.96 million ($35.2 million), representing a 91.8% year-over-year surge. Q2 revenue reached R$656.3 million ($109.4 million), up 17.2% from the previous year.
Vivara Reports Strong Q3 Growth
Third-quarter results continued the upward trend with revenue of R$562.9 million ($93.8 million), a 23% increase year-over-year. Q3 net income grew 40% to R$107.2 million ($17.9 million) with profit margins expanding from 17% to 19%.
The company's consistent quarterly improvements drove its stock price higher throughout 2024. Following Q2 results, shares jumped 6.9% to R$26.35, making Vivara the top performer on Brazil's Ibovespa index that day.
Analysts remain optimistic about Vivara's prospects, forecasting 15% annual revenue growth over the next three years. This projection significantly outpaces the 7-13% growth forecast for Brazil's overall luxury sector, positioning Vivara for continued market leadership.
The financial report released Wednesday morning revealed exceptional performance across all key metrics despite challenging market conditions. The jewelry giant posted Q4 net revenue of R$913.3 million ($152.2 million), representing a 17.4% jump from the same period last year.
EBITDA for the quarter reached R$338.5 million ($56.4 million), soaring 50.4% year-over-year and demonstrating strong operational efficiency. Full-year results proved equally impressive, with 2024 net profit climbing to R$653.3 million ($108.9 million).
This represents a 71.4% increase from 2023. Annual net revenue grew 17.8% to R$2.57 billion ($428.3 million) while yearly EBITDA rose 42.5% to R$833.2 million ($138.9 million).
Founded over 60 years ago, Vivara operates through two main brands - Vivara and Life - with over 390 points of sale across Brazil. The company maintains a vertically integrated business model spanning design, manufacturing, and retail operations.
Vivara showed steady growth throughout 2024. Second-quarter performance particularly stood out with net profit of R$210.96 million ($35.2 million), representing a 91.8% year-over-year surge. Q2 revenue reached R$656.3 million ($109.4 million), up 17.2% from the previous year.
Vivara Reports Strong Q3 Growth
Third-quarter results continued the upward trend with revenue of R$562.9 million ($93.8 million), a 23% increase year-over-year. Q3 net income grew 40% to R$107.2 million ($17.9 million) with profit margins expanding from 17% to 19%.
The company's consistent quarterly improvements drove its stock price higher throughout 2024. Following Q2 results, shares jumped 6.9% to R$26.35, making Vivara the top performer on Brazil's Ibovespa index that day.
Analysts remain optimistic about Vivara's prospects, forecasting 15% annual revenue growth over the next three years. This projection significantly outpaces the 7-13% growth forecast for Brazil's overall luxury sector, positioning Vivara for continued market leadership.
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