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RSS Feeds4Q16 Earnings Release Feb, 20 2017 (Magazine Luiza SA)
(World News Brazil)

 
 

20 february 2017 12:59:18

 
4Q16 Earnings Release Feb, 20 2017 (Magazine Luiza SA)
(World News Brazil)
 


(Source: Magazine Luiza SA) February 20th, 2017 Magazine Luiza S.A. (BM&FBOVESPA: MGLU3) 4nd Quarter 2016 (IFRS equivalent) HIGHLIGHTS Increase of the sales by 14%, with growth in all channels E-commerce reached 26% of total sales, with growth of 41% in the 4Q16 Increase of EBITDA by 126% to R$227 million (margin of 8.0%) Growth of the operating cash generation to R$654 million in the 4Q16 Reduction of the net debt by R$353 million in LTM Consistent gain of market share. In 4Q16, the gross sales increased by 14.3% to R$3.4 billion, as a result of a growth of 13.6% in same-store-sales (+41.4% in e-commerce and +6.0% in brick and mortar stores). In 2016, Magazine Luiza gained market share...


 
2 viewsCategory: General > South America > Brazil
 
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