# Vulcabras

> Vulcabras is a publicly traded Brazilian sports-footwear manufacturer and brand operator that owns Olympikus and manages Mizuno and Under Armour in Brazil. Its advantage is unusually integrated: local research and design, two large factories, a national retail network, direct e-commerce, and brand marketing sit inside one system. That lets Vulcabras translate global performance trends for Brazilian runners while serving mass-market athletes, specialist consumers, retailers, and industrial workers.

- **Founded:** 1952
- **Headquarters:** Jundiaí, Brazil
- **Team size:** More than 17,000 employees according to current corporate materials; some investor-relations materials report more than 24,000 direct employees across five operating units.
- **Products:** Olympikus, Mizuno Brazil, Under Armour Brazil, Botas Vulcabras, Olympikus Corre family
- **Notable:** Built Olympikus into Brazil's leading athletic-shoe brand by unit sales, according to company materials., Reached a 24th consecutive quarter of net-revenue growth in Q2 2026., Reported Q2 2026 net revenue of R$994.8 million on 8.8 million billed pairs and pieces.

## Products & services

- **Olympikus** — Vulcabras-owned Brazilian sports brand spanning running, training, casual footwear, apparel and accessories, positioned around accessible performance technology.
- **Mizuno Brazil** — Exclusive Brazilian operation covering development, production, import, distribution, owned retail and e-commerce for Mizuno footwear, apparel and accessories.
- **Under Armour Brazil** — Exclusive licensing and distribution operation in Brazil, including locally developed and manufactured footwear plus apparel and accessories.
- **Botas Vulcabras** — Certified PVC and EVA occupational safety footwear for food processing, healthcare, mining, steel, agribusiness and construction.
- **Olympikus Corre family** — A running line ranging from daily trainers to plated performance shoes, developed with Brazilian runner feedback and biomechanics expertise.
- **Corre Grafeno** — Olympikus running shoe introduced with a graphene plate, described by the company as the first of its kind globally.
- **Corre Supra** — The first supershoe developed and manufactured in Brazil, using a Pebax midsole and a graphene-coated carbon-fiber plate.

## Achievements

- Built Olympikus into Brazil's leading athletic-shoe brand by unit sales, according to company materials.
- Reached a 24th consecutive quarter of net-revenue growth in Q2 2026.
- Reported Q2 2026 net revenue of R$994.8 million on 8.8 million billed pairs and pieces.
- Developed the Olympikus Corre Grafeno, introduced in 2022 with a graphene plate.
- Launched Corre Supra in 2024 as the first supershoe developed and manufactured in Brazil.
- Moved to 100% wind-energy supply for shoe production beginning in 2022.
- Completed a R$501 million follow-on offering in February 2024.
- Sponsored 38 races in 26 Brazilian cities during Olympikus's 50th anniversary year, reaching more than 150,000 runners.
- Corre 4 was the most searched running shoe on Google in Brazil in 2025, according to the company's 4Q25 release.
- Operates one of Latin America's largest footwear technology and development centers in Parobé, Rio Grande do Sul.

## Latest updates

- **2026-08** — Vulcabras reported its 24th consecutive growth quarter. Q2 net revenue reached R$994.8 million, up 11.2% year over year, while billed volume reached 8.8 million pairs and pieces.
- **2026-06** — Olympikus's Corre Pace was worn for winning performances and a course record at the 2026 Porto Alegre Marathon, according to Vulcabras's LinkedIn update.
- **2026-05** — Q1 net revenue rose 10.7% year over year to R$776.4 million; recurring EBITDA reached R$156.9 million and e-commerce represented 16.0% of revenue.
- **2026-02** — Mizuno announced a kit partnership with Botafogo, expanding the brand's Brazilian football presence under Vulcabras's operation.
- **2025-12** — Vulcabras closed 2025 with R$3.56 billion in net revenue and highlighted the Mizuno Neo line, Olympikus's 50th anniversary program and Under Armour activations for younger consumers.
- **2024-02** — The company completed a R$501 million public follow-on offering on B3.

## Links

- Website: https://vulcabras.com
- LinkedIn: https://www.linkedin.com/company/vulcabras

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Profile page: https://yespress.io/vulcabras
Published by YesPress — https://yespress.io
Last updated: 2026-08-15