With profits doubled in the first two months and a new CFO, the rental company is betting on operational efficiency to face the high interest rate scenario
. Movida moves into 2025 with a clear mission: to show the market that the challenges of debt are behind us. After a year in which the CEO Gustavo Moscatelli classifies the car rental company as "transformational", with a recovery in profit and a reduction in financial leverage. controlled by Simpar The company's strategy is to make progress in passing on prices and controlling debt.
"Our management mentality is long-term. We talk about the next quarter or year, but behind that are discussions of five, ten, 15 years," says Moscatelli. InvestNewsMovida's capital structure has improved, signaling that the current stage is part of a broader consolidation plan. Movida's capital structure, which had already raised concerns among analysts and investors, improved in the last quarter of 2024.
The company ended the year with a net debt of R$ 14.7 billion, reducing its leverage ratio (ratio of net debt to operating profit - Ebitda) to 3.0 times at the end of last year, compared to R$ 14.7 billion at the end of the year. covenants of 3.5 times. Considering only the 4Q24 operating profit, this indicator would fall to 2.8 times, reinforcing the deleveraging path.
Read the full story at: Movida controls leverage and outlines strategy for new interest rate cycle | InvestNews