Linx closed the 2Q20 with gross revenue of BRL 246.3 million. The indicator is the result of the combination of recurring revenues and services. In 2Q20, total recurring revenue reached BRL 213.1 million, 13.2% higher than the same period in 2019 and equivalent to 87% of gross revenue. Linx's net revenue was BRL 213.5 million, which represented an increase of 10.8% when compared to 2Q19. Adjusted EBITDA reached BRL 60.3 million in the quarter and the adjusted EBITDA margin was 28.2%. Adjusted net income in the 2Q20 was BRL 12.0 million.
"Linx turned the crisis into an opportunity through its ability to generate value for the retailer with its end-to-end platform, providing in many cases technologies that guaranteed the continuity of operations, especially with the offering of Linx Digital solutions. As a result, we have seen a sharp acceleration in the digital transformation process in recent months. In addition to partnerships with the most relevant marketplaces in Brazil, Linx launched new offers such as Linx Commerce for Pharmacies with 60,000 pre-registered SKUs, integration with the B2W marketplace. Other existing solutions had a huge increase in demand, such as the Neemo application that was expanded to also serve convenience stores and the Payment Link that can be sent to the customer to make the payment for a purchase via messaging applications and is already integrated with the store's ERP,” explains Alberto Menache, Linx CEO.
We continue to operate normally and reaffirm our commitment to the long term, ensuring the safety of our team, service to customers and suppliers, and consequently, to the business. We maintain our company acquisition strategy with a focus on solutions that complete our portfolio of solutions for small businesses and cross-sell to Linx Core customers.
Linx is a Brazilian company specialized in retail technology. Leader in the management software market, with 45,6% of retail market share, as IDC attests. Publicly traded at B3 since 2013, Linx also became the first Brazilian publicly traded software company at NYSE in 2019. The company has more than 3,500 employees distributed among its headquarters in São Paulo, 15 branches throughout Brazil. and 5 countries in America. Visit www.linx.com.br/imprensa.
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Today, Guess?, Inc. (NYSE: GES) announced that Maurice Marciano, co-founder and non-executive Chairman of the Board of Guess, was recently injured in a bicycle accident near his home in Napa Valley.
Paul Marciano, Chief Creative Officer and Director for Guess, commented, "After careful medical review, my brother Maurice will be in rehabilitation and therapy for an extended period of time and, therefore, will no longer continue to serve as non-executive Chairman of the Board.”
Effective August 14, 2020, the Guess Board has appointed Alex Yemenidjian, an independent Board Member for over 15 years and the current Lead Independent Director, to replace Maurice Marciano as non-executive Chairman of the Board. Maurice Marciano will continue in his role as a member of the Guess Board.
Paul Marciano added, "All Board members, our friends and family, and all members of the Guess Family, wish Maurice a prompt and healthy recovery from this very unfortunate accident. In the meantime, we know that Alex will continue his exemplary service to Guess in his new role as non-executive Chairman of the Board.”
Guess?, Inc. designs, markets, distributes and licenses a lifestyle collection of contemporary apparel, denim, handbags, watches, eyewear, footwear and other related consumer products. Guess? products are distributed through branded Guess? stores as well as better department and specialty stores around the world. As of May 2, 2020, the Company directly operated 1,141 retail stores in the Americas, Europe and Asia. The Company’s partners and distributors operated 540 additional retail stores worldwide. As of May 2, 2020, the Company and its partners and distributors operated in approximately 100 countries worldwide. For more information about the Company, please visit www.guess.com.
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RUNCORN, England, Oct. 24, 2020 /PRNewswire/ -- PERKLONE EXT is a very special high purity grade of Perchloroethylene for use in the regeneration of oil refining catalysts. Perklone EXT has Universal Oil Products (UOP) approval. Perklone EXT is required by...