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1Q19

1Q19

1Q19 Highlights:

  • Consolidated Total Net Revenue increased 8.4%, reaching R$1,622.6 million in 1Q19;
  • Same-store sales grew 1.6% in 1Q19. Total Net Revenue from Goods increased 2.8%in 1Q19, totaling R$1,046.8 million;
  • Gross Margin from Goods, including higher share of mobile phone and perfumery in the mix, reached 47.2%;
  • Excluding the effect of IFRS16, Operating Expenses increased 8.8%, representing 43.2% of the net revenue;
  • Adjusted EBITDA increased 6.5% over 1Q18, reaching R$188.8 million in 1Q19. Excluding the effect of IFRS16, Adjusted EBITDA totaled R$127.0 million, down 28.4% YoY;
  • Net Income totaled R$29.3 million in 1Q19, down 42.7% over the R$51.1 millionreported in 1Q18. Excluding the effect of IFRS16, Net Income reached R$32.3 million, down 36.8% YoY;

  • Net Debt/EBITDA closed 1Q19 at 1.0x, excluding the effect of IFRS16.

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