LWSA presented the financial results for Q3 2024 with significant advances in productivity, reflected on the margins Rough, Net and EBITDA that show significant expansion compared to previous periods, and solid performance in its operational indicators
In the period, the GMV of the clients' Own Store grew by 18%, while the GMV of the Ecosystem grew 15,9% compared to Q3 2023.
"Despite the macroeconomic scenario still lacking clear growth trends for retail and e-commerce in Brazil", our operational results maintain an important line of growth. These increments, that exceed the market average, they are results of the new development avenues of the Company and the quality of our ecosystem, that includes various integrations and tools that enable our clients to accelerate their sales both in their own e-commerce and in marketplaces, affirms Rafael Chamas, current COO of the Company.
Based on this performance, the Consolidated Net Revenue of LWSA in Q3 2024 was R$ 349,3 million, a growth of 5,8% vs 3T23 and 4,0% vs 2T24.In the Commerce segment, Net Revenue reached R$ 243,0 million, a growth of 8,5% vs 3T23 and 5,5% compared to the immediately previous quarter. By disregarding the effects of the Squid, group company that is undergoing a restructuring, in the annual comparison, the Company showed a growth of 11,7% in Q3 2024 vs Q3 2023. Still for the Commerce segment, the growth without considering Squid was 18,0% compared to Q3 23
The evolution of the Company's profitability is also noteworthy this quarter.The Gross Margin reached 49,9%, representing an expansion of 6,0 p.p. in relation to the same period of the previous year, result of the efficiency gain in operational cost, in addition to the sharp growth of the Commerce segment, que possui margem bruta superior ao segmento de BeOnline/SaaS
In the quarter, the company also showed improvement in its Adjusted EBITDA, which showed growth in Q3 2024 of 36,2% vs 3T23, with adjusted EBITDA margin of 21,1% (expansion of 4,7 p.p.).
In the period, The Net Profit of LWSA was R$ 16,9 million, while the Adjusted Net Profit was R$ 37,0 million, a growth of +52,7% vs 3T23.
We understand that the future of retail is being shaped by technological innovations and changes in consumer preferences. LWSA conducted a survey focused on Omnichannel and Unified CommerceClick Here), reinforcing a major trend, that is increasingly latent, the journeys will all be integrated. A sample of this is that 79% of consumers are already transitioning between online and physical. Furthermore, 44% of consumers believe that this integration is only perfect when the service is fast and efficient across all channels and 34% when they can buy online and pick up in-store without friction, score Fernando Cirne, CEO of LWSA
In the quarter, one of the important innovations was the Tray POS, solution that automates business management for retailers. This product aims to offer, a single environment, all the necessary tools for managing a store, whether virtual or physical, allowing retailers to unify the management of their physical and online businesses. The Wake U app was also launched, that brings together various systems into a single solution, maximizing the potential of the infinite shelf, integrating sales, stocks, payments and orders, providing a unique customer view through an integrated CRM
The company continues to expand the use of Artificial Intelligence, like the Woz Agent, launched by Octadesk in Q3 2024. The tool allows for a customized setup of multiple agents to meet different needs, optimizing efficiency and customer experience.
In October, LWSA has completed its 3rd Share Buyback Program, totaling 30.939.800 shares acquired, and approved the cancellation of 34.000.000 shares of LWSA (5,7% of the total shares of the Company. Due to the cancellation of treasury shares, the share capital of LWSA became divided into 562.886.478 ordinary shares
Finally, it was decided by the Board of Directors of the Company that on November 21, 2024, a dividend payment of R$ 40 will be made.000.000,00, corresponding to R$ 0,07164873 per ordinary share, already excluded treasury shares
