CVC Brasil Operadora e Agência de Viagens Full Year 2023 Earnings: Revenues Miss Expectations

CVC Brasil Operadora e Agência de Viagens (BVMF:CVCB3) Full Year 2023 Results

Key Financial Results

• Revenue: R$1.43b (up 17% from FY 2022).
• Net loss: R$456.9m (loss widened by 5.4% from FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

CVC Brasil Operadora e Agência de Viagens Revenues Disappoint

Revenue missed analyst estimates by 1.3%.

Looking ahead, revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in South America.

Performance of the market in Brazil.

The company's shares are down 11% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with CVC Brasil Operadora e Agência de Viagens (at least 2 which can't be ignored), and understanding them should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.