Investor Presentaiton
Gross profit and gross margin
2021
1,097,307
2020
638,471
Var.
2021/2020
71.9%
17.6%
14.5%
3.2 P.P.
Adjusted Gross Profit
Adjusted Gross Margin
875,973
638,471
37.2%
14.6%
14.5%
0.1 pp.
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Operations
and performance
Gross profit and Adjusted Gross Profit
In 2021, adjusted gross profit reached R$ 876.0 million, an increase of
37.2% compared to 2020. In addition to the organic growth of 17.2% com-
pared to the previous year, the result was impacted by the acquisitions
of the period.
In 2021, the adjusted gross margin was 14.6%, an increase of 0.1 PP margin
compared to 2020.
R$ thousand
Gross Profit
Gross Margin
Economic-financial
results
EBITDA and Adjusted EBITDA
In 2021, Viveo's Adjusted EBITDA totaled R$ 471.4 million, an increase of
43.9% compared to 2020. Adjusted EBITDA organic growth was 25.3% in
2021 compared to 2020. In the period, the adjusted margin increase was
0.4 p.p. margin compared to 2020, reflecting the synergies and dilution
of SG&A, high growth of channels with higher margins, and acquisitions
with margins above the portfolio average.
R$ thousand
Net Income
The São Paulo (SP) office
viveo
EBITDA and Adjusted EBITDA
Var.
2021
2020
2021/2020
395,155
121,766
224.5%
IIR and CSLL
(13,696)
(67,819)
-79.8%
Financial Results
(83,449)
(7.436)
1022.2%
Depreciation and amortization
(98,189)
(82,265)
19.4%
EBITDA
590,489
279,286
111.4%
EBITDA margin
9.5%
6.3%
3.2 P.P
Non-recurring
(119,124)
48,270
-346.8%
Adjusted EBITDA
471,365
327,556
43.9%
Adjusted Margin*
7.9%
7.4%
0.4 P.P
* Considers Adjusted EBITDA divided by Adjusted Net Revenue..
44
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