Vulcabras starts year with profit increase

Brazil - Vulcabras, owner of the Olimpikus brand and licensee of Mizuno and Under Armour, presented its results for the first quarter of 2025 to the market on Tuesday, May 6. The company had net revenue of 701.2 million reais (122.03 million dollars), representing a 17.4 percent increase compared to the same period in 2024. This marked its 19th consecutive quarter of growth.

The production of shoes rose by 5.6 percentage points, totalling 7.1 million pairs. Net profit grew 19.5 percent, recording 106.1 million reais (18.46 million dollars). Gross profit in the first quarter reached 281.9 million reais, growing 17.5 percentage points compared to the same period in 2024. The gross margin remained unchanged, maintaining the 40.2 percentage observed the previous year.

E-commerce grows 53.8 percent

E-commerce, which accounted for 16.9 percent of net revenue, generated 118.4 million reais, growing 53.8 percent compared to the previous year. The main driver of growth was the Corre line from the Olimpikus brand.

The earnings before interest, taxes, depreciation and amortisation (EBITDA) margin was 104.4 million reais, a 14.7 percent increase compared to the first quarter of 2024.

According to chief executive officer (CEO) Pedro Bartelle, who spoke at the video conference that took place today, May 7, there is great confidence in the coming months. This is anchored in new launches of the Corre line from Olimpikus, and new collections from Mizuno and Under Armour, developed for high-performance sports, without neglecting football, basketball and other sports.

The market value of Vulcabras today is 4.86 billion reais.