Vivara Participações S.A. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
March 15, 2023
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Vivara Participações S.A. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported revenue was BRL 644.05 million compared to BRL 549.45 million a year ago. Net income was BRL 157.75 million compared to BRL 127.13 million a year ago.
For the full year, the company reported revenue was BRL 1,843.74 million compared to BRL 1,466.39 million a year ago. Net income was BRL 360.85 million compared to BRL 298.49 million a year ago.
Vivara Participacoes SA is a Brazil-based holding company that operates in several states in Brazil, through numerous subsidiaries. However, the Company's operations are primarily centralized in the state of Sao Paulo. The Company has developed a portfolio of brands, including Vivara, Life by Vivara, Vivara Watches, Vivara Fragrances, and Vivara Accessories. These brands focus on products such as gold jewelry, silver jewelry, watches, and accessories. The Company has a vertically integrated business model, from creation and design to production, marketing strategy, distribution (omni-channel) and marketing. The Company has one operational segment called retail, consisting of products sales through its physical stores and online platforms.