The following is a summary of the Cielo S.A. (CIOXY) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Cielo S.A. reported a net profit of BRL503 million for Q1 2024, marking its 11th consecutive quarter of year-over-year growth.

• The return on equity reached 18.7%, making it one of the best in the industry.

• Cielo's efforts to optimize ARV profitability lead to a year-on-year growth of BRL115 million.

• Initiatives to increase tax efficiency and cost management reduced costs and positively impacted the results.

Business Progress:

• Cielo continues to invest in enhancing its technological portfolio, streamlining processes, and reducing time to market.

• Significant progress has been made in digital and UX UI journeys, process, and risk management.

• Through strategic investment, Cielo is enhancing its distribution capabilities, majorly through banking partners.

• The company is exploring new business avenues, leveraging data and AI technologies to enhance customer experience.

• The company's Installa Doreto program has seen wide adoption across banking channels.

• Cielo remains committed to its transformation program and strategic objectives set for 2024.

More details: Cielo IR

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