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Cielo SA (CIEL3.SA)

CIEL3.SA on Sao Paulo Stock Exchange

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Mon, Jul 15 2019

Brazil's Cielo cutting costs to face fiercely competitive market

SAO PAULO, July 15 Brazil's largest credit card processor, Cielo SA, is tightening its belt amid fierce competition with rivals like PagSeguro Digital Ltd and StoneCo Ltd to boost profitability and free up money for new products.

Brazil's Cielo cut dividend payout so it could invest more - CEO

SAO PAULO, May 25 Brazilian card processor Cielo SA's dividend cut, which it announced on Friday, is intended to give it room to raise capital expenditure in a competitive market, Chief Executive Officer Paulo Caffarelli said.

Brazilian card processor Cielo cancels 2019 profit guidance

SAO PAULO, May 24 Brazilian card payment processor Cielo has canceled net profit guidance for 2019 it published in January without releasing any new guidance, the company said in a securities filing on Friday.

Brazilian card processor Cielo increases market share in Q1

SAO PAULO, May 20 Brazil's largest card processor Cielo said on Monday it had increased its market share in the first quarter for the first time since mid-2017, a sign of its progress in the country's fiercely competitive electronic payments space.

Too early to say if Brazil's Cielo will meet profit target - CEO

SAO PAULO Cielo SA Chief Executive Paulo Caffarelli said on Wednesday it was too early to determine if the Brazilian card processor would meet its annual profit target in 2019, as competition is still fierce, though he maintained that guidance.

Too early to say if Brazil's Cielo will meet profit target: CEO

SAO PAULO Cielo SA Chief Executive Paulo Caffarelli said on Wednesday it was too early to determine if the Brazilian card processor would meet its annual profit target in 2019, as competition is still fierce, though he maintained that guidance.

UPDATE 1-Too early to say if Brazil's Cielo will meet profit target -CEO

SAO PAULO, April 24 Cielo SA Chief Executive Paulo Caffarelli said on Wednesday it was too early to determine if the Brazilian card processor would meet its annual profit target in 2019, as competition is still fierce, though he maintained that guidance.

Brazil's Cielo launches instant payments and sees prices still going down

SAO PAULO, April 24 The chief executive of Cielo SA said on Tuesday the Brazilian card processor will offer clients free card reader machines and instant payments, following recent moves by competitors such as PagSeguro Digital Ltd and Itaú Unibanco Holding SA's unit Rede.

UPDATE 1-Brazil card processor Cielo reports drop in profit as competition heats up

SAO PAULO, April 23 Brazilian card processor Cielo SA on Tuesday posted a steeper-than-expected 45 percent drop in quarterly profit, with expenses surging by more than a fifth after it boosted promotional spending amid rising competition.

Brazil's Cielo posts lower Q1 profit amid fierce competition

SAO PAULO, April 23 Brazilian card processor Cielo SA on Tuesday posted a steeper than expected 45 percent drop in quarterly profit amid tough competition among payment solutions companies in Brazil.

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