Springs Global Participacoes : revised its 2018 guidance
November 14, 2018 at 09:19 am EST
Share
SPRINGS GLOBAL PARTICIPAÇÕES S.A.
CNPJ/MF nº 07.718.269/0001-57
A PUBLICLY HELD COMPANY
MATERIAL FACT
Springs Global Participações S.A. (B3:SGPS3) informs that, Due to the non-recurring effect of product return in the US and to the stagflation in Argentina, has revised its EBIT and EBITDA guidance for 2018. The Company´s Management estimates that EBITDA for 2018 will be slightly superior to the value registered in 2017. The guidance for net revenue and capex remains unchanged.
2018
in R$ million
Revised Guidance
Net revenue
South America - Wholesale* South America - Retail North America - Wholesale
Total net revenue
1,200 - 1,420 230 - 270 740 - 870 2,120 - 2,500
EBIT
160 - 190
EBITDA CAPEX
240 - 270
60 - 70
* Including intercompany revenue
Montes Claros-MG, November 13, 2018.
Alessandra Eloy Gadelha Diretora de Relações com Investidores
Attachments
Original document
Permalink
Disclaimer
Springs Global Participações SA published this content on 14 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 November 2018 14:18:10 UTC
Springs Global Participacoes SA is a Brazil-based company engaged in the textile industry. The Company focuses on spinning, weaving, finishing and manufacturing of home textile products, mainly bed and bath textile articles, such as tablecloths, bed sheets, pillowcases, mattress pads, blankets, towels, shower curtains and bath accessories. The Company offers its products under various brand names, including MMartan, Casas Moyses, Artex, Santista, Springmaid, Fantasia, Arco Iris and Wabasso, among others. The Company operates production facilities in Brazil, Argentina and the United States, as well as distributes products in the United States, Canada, Brazil and Argentina. It controls a numed of subsidiaries, such as Springs Global US Inc, Coteminas SA, Ammo Varejo Ltda and American Sportswear Ltda. It is owned by Companhia de Tecidos Norte de Minas COTEMINAS.