Year of the Client
Linx expanded its base even more (24.7% growth) and strengthened customer relationships, with emphasis on the Linx Retail Forum.
Structuring
The Company has prepared itself for the IPO on the BM&FBovespa, which occurred in February, 2013. The shares (LINX3) increased almost 18% in value on the first day of trading and the offering, between primary and secondary, achieved R$ 530.57 million.
Acquisitions
In the beginning of 2012, the activities of Microvix, company acquired at the end of 2011 were incorporated. In this year, Linx acquired Compacta, becoming an important player in the vertical of food service, and Bitix, focused on mobility solutions.
|
Growth in number of employees |
2009 |
2010 |
2011 |
2012 |
|
516 |
879 |
1,225 |
1,537 |
Financial results
The compound average growth rate of the net operating revenue, in the past four years, was 50% and the adjusted net income, 33%.
* Excluding discontinued operations
|
Key financial-economic indicators (R$ thousand)* |
2009 |
2010 |
2011 |
2012 |
2012
(Adjusted, excluding earn-out of CSI) |
|
Recurring operating income |
56,572 |
83,730 |
142,153 |
194,313 |
194,313 |
|
Net Operating Income |
68,267 |
114,961 |
184,502 |
230,989 |
230,989 |
|
EBITDA |
21,528 |
40,400 |
56,582 |
59,704 |
64,704 |
|
EBITDA margin (%) |
31.5 |
35.1 |
30.7 |
25.8 |
25.8 |
|
Net income |
11,469 |
20.251 |
27,065 |
22,025 |
27,025 |