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Nviavarejo GROSS GMV R $ 38.8 bln 2020 R $ 12.7 bln 4Q20 ADJUSTED EBITDA The shopping channel of all Brazilians , where , when , and how they want announces , GMV of R $ 38.8 billion and net income of R $ 1.0 billion in 2020 , turnaround is consolidated R $ 2.9 bln 2020 R $ 545 mln 4Q20 NET INCOME R $ 1.0 bln 2020 R $ 336 mln 4Q20 Highlights ( R $ million ) Gross Revenue Net Revenue Gross Margin Adjusted EBITDA Adjusted EBITDA Margin Digital performance well above that of the market , resulting in significant market share gains . Sales made through the digital channel represented almost 50 % of the total GMV . Gross GMV was R $ 12.7 billion in 4Q20 ( + 31 % y / y ) and R $ 38.8 billion ( + 21 % y / y ) in 2020. We also saw robust growth in 1P e - commerce of 112 % y / y in 4Q20 and 174 % y / y in 2020. Strong acceleration of the marketplace ( 3P ) with an evolution of 84 % y / y in 4Q20 and 90 % y / y in 2020 , with much more news in the 2021 pipeline . B3 : VVAR3 R $ 12.02 Per share Strong EBITDA advance confirms profitable growth strategy . Adjusted EBITDA multiplied by ~ 2.7x in 2020 vs 2019 and registered R $ 2.9 billion ( adjusted accounting EBITDA margin of 10.1 % , +5.9 pp ) . In 4Q20 , adjusted EBITDA also showed an important improvement to R $ 545 million ( adjusted EBITDA margin of 5.8 % , + 621 bps ) , compared to the negative EBITDA of R $ 35 million in 4Q19 . Operational adjusted EBITDA was R $ 709 million in 4Q20 and R $ 2.3 billion in 2020 , with EBITDA margins of 7.5 % and 8.0 % , respectively . Reversal of loss into net profit consolidates turnaround . Net income reached R $ 1.0 billion in 2020 ( net margin of 3.5 % ) vs loss of R $ 1.4 billion in 2019. In 4Q20 , net income was R $ 336 million compared to a loss of R $ 875 million in 4Q19 . Net operating income was R $ 209 million in 4Q20 and R $ 167 million in 2020 . We ended 2020 with a solid cash position . Cash including receivables that were not anticipated and adjusted for suppliers advances totaled R $ 9.3 billion ( or net cash including supplier advances of R $ 4.8 billion ) in 2020 , a significant improvement vs. 2019. We also highlight the strong cash generation of R $ 1.4 billion in the year . Net Earnings ( Loss ) Adj . Net cash including supplier advances 4Q20 11,274 9,470 30.5 % 545 5.8 % 336 4,807 1.597.341.594 Total of Shares 4Q19 8,875 7,613 29.1 % -35 -0.5 % ( 875 ) 2,213 % 2020 27.0 % 34,458 24.4 % 28,901 144bps 32.8 % 2,917 10.1 % 1,004 4,807 621bps 117.2 % 2019 29,848 25,655 28.6 % 1,076 4.2 % ( 1,433 ) 2,213 % 15.4 % 12.7 % 413bps 171.1 % 590bps 117.2 % Market Cap R $ 19.2 billion In Mar.02,2020