Vittia Annual Report 2022 slide image

Vittia Annual Report 2022

VITTIA Statement of income for the year The statement of income for the year - net profit - reached BRL 147.5 million, a growth of 36.9% compared to 2021. Income statement (in BRL thousands) 2022 Net revenue Cost of sales Gross profit 326,471 2021 851,191 778,915 (524,720) (494,712) 284,203 Change% 9.3% 6.1% 14.9% Gross margin 38.4% 36.5% 1.9 p.p. Selling Expenses (70,272) (58,740) 19.6% Provision for expected credit losses 1,595 (1,566) N/A Administrative and general expenses (86,932) (74,530) 16.6% Other net operating income (expenses) 10,406 (6,528) N/A SG&A (145,203) (141,364) 2.7% Operating profit 181,268 142,839 26.9% Financial income Financial expenses 59,015 (69,803) (45,764) 35,278 67.3% 52.5% Financial result (10,788) (10,486) 2.9% Profit (loss) before income tax and social contribution 170,481 132,354 28.8% IR and CSLL - Current and Deferred (22,996) (24,614) (6.6%) Period result Net margin 147,485 17.3% 107,740 36.9% 13.8% 3.5 p.p. Annual Report 2022 117
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