Thursday, February 08, 2018

CVC Corp. 's net profit jumps 26% and reaches $250.6 million R

The adjusted net profit of CVC Corp., Brazil's largest travel group, jumped 26.1% in 2017, about a year before, adding R $250.6 million, according to balance sheet released yesterday (7) by the company. In the analyzed period, confirmed reserves of CVC Corp. R $10.2 billion, 13.5% recorded a year earlier. With the result, the company reaches an ebitida (earnings before interest, taxes, depreciation and amortization) of R $593.6 million in 2017, an increase of around 13% when compared to the 12 months of 2016. According to the fact of the company, released yesterday after the market closes, the acquisitions made over the past year have served to consolidate the company in different niches of the tourism, especially the purchase of Visual tour operator that, according to the group, "reinforced the presence of CVC on independent agents." In addition, the group buying Trend, which was completed at the end of last November, will serve to expand the presence of the CVC "on brokering national and international hotels, leisure, business-oriented with Confirmed Reserves of approximately R $1.3 billion in 2016, "detailed balance. Division per channel When we analyze the result of CVC Corp. through sales channel, the exclusive shops of the brand and the independent agents showed an increase of 17.8% and 18.6% last year. On the other hand, the confirmed booking over the internet, in the sum of the year, presented fall of 0.7%, in a move that, according to the company, was pulled by the operation "due to implementation of a new platform". In addition to, complete the online company result the submarine Trips, which in the fourth quarter had 20.5% more reservations confirmed.
DCI - 08/02/2018 News Item translated automatically
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