Business
XP Inc. Reports Preliminary Select Key Performance Indicators for 4Q19
SÃO PAULO, Brazil, Jan. 30, 2020 (GLOBE NEWSWIRE) -- XP Inc. (Nasdaq: XP), a leading, technology-driven financial services platform and a trusted provider of
About this update from Xp Inc.
[{"type":"text","content":"SÃO PAULO, Brazil, Jan. 30, 2020 (GLOBE NEWSWIRE) -- XP Inc. (Nasdaq: XP), a leading, technology-driven financial services platform and a trusted provider of low-fee financial products and services in Brazil, announced today select preliminary key retail performance indicators, (KPIs) for the fourth quarter ended December 31, 2019. The presented information is preliminary, unaudited and subject to revision. It reflects XP´s management’s current views and may change.\n\n \n \n \n \n \n \n \n \n \n \n \n ¹ These amounts do not consider AUC from institutional clients such as RPPS (Public Service pension plans) and insurance companies.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n ² Active clients is the total number of retail clients served through XP’s brands with an AUC above R$100.00 or that have transacted at least once in the last thirty days.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n ³ NPS, is an independent widely known survey methodology that measures the willingness of customers to recommend a Company’s products and services. The NPS calculation as of a given date reflects the average of the answers in the previous six months.\n \n \n \n \n \n \n \n \n\n 1. Assets Under Custody (AUC)¹ (R$ in billions) is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cd6978c9-c49f-4ea7-ba5f-6a6291d52d5a 2. Active Clients² (‘000s) is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/342f9d5f-54ff-4d87-ab5d-7fbd10b3cd9d 3. Net Promoter Score (NPS)³ is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/da97e61f-b1a6-43d6-ad67-c898ca41ff7d Guilherme Benchimol, XP Inc.’s CEO stated, “We are excited to deliver strong Key Performance Indicators for our retail business in the fourth quarter of 2019. These preliminary metrics reinforce the sustainability of our growth as we increasingly leverage our durable competitive advantages including our scale, superior product and services platform, differentiated technology, and our self-reinforcing ecosystem. We remain committed to continuing to execute on our strategies to build on our robust growth by increasingly penetrating our existing client base, expanding our ecosystem, and broadening our solutions capabilities. We look forward to building long-term value for all our shareholders as we move ahead in the coming years.” Fourth Quarter Results Confe...