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    AMER3   BRAMERACNOR6

AMERICANAS S.A.

(AMER3)
  Report
Delayed Bolsa de Valores de Sao Paulo  -  04:07:57 2023-03-21 pm EDT
1.110 BRL   +2.78%
03/20Brazil's Americanas faces more debt, asset sales as it restructures
RE
03/20Brazil's Americanas faces more debt, asset sales as it restructures
RE
03/20Brazil's Americanas presents reorganization plan to court -media report
RE
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Brazilian securities watchdog launches new probes into Americanas accounting fiasco

03/17/2023 | 07:17pm EDT
People walk in front of a Lojas Americanas store in Brasilia

SAO PAULO (Reuters) - Brazilian securities watchdog CVM said on Friday it has launched two new probes into retailer Americanas SA's accounting scandal and the firm's reorganization process.

CVM said it launched an administrative proceeding to analyze "failures to disclose relevant information by (Americanas) regarding proposals for capitalization and the renegotiation of debts with creditors and the assessment of the sale of assets."

Americanas entered bankruptcy protection in January shortly after disclosing accounting inconsistencies worth 20 billion reais ($3.78 billion) and overall debt of more than $8 billion. CVM and other Brazilian authorities have since launched investigations.

Earlier this month, the retailer said it had offered a capital injection to its creditors of 10 billion reais ($1.93 billion) which would come from top shareholders.

CVM is also looking into any irregularities regarding compensation paid by Americanas to former Chief Executive Sergio Rial, who took over the company just nine days before the scandal broke and resigned shortly thereafter.

The launch of the probes comes a day after Americanas' former CEO Miguel Gutierrez testified before CVM.

(Reporting by Carolina Pulice and Andre Romani; Editing by Chris Reese)


ę Reuters 2023
All news about AMERICANAS S.A.
03/20Brazil's Americanas faces more debt, asset sales as it restructures
RE
03/20Brazil's Americanas faces more debt, asset sales as it restructures
RE
03/20Brazil's Americanas presents reorganization plan to court -media report
RE
03/17Brazilian securities watchdog launches new probes into Americanas accounting fiasco
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03/17Report on Americanas' woes to be presented to Brazil court next week
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03/16Americanas' ex-chief testifies before watchdog after accounting scandal -source
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03/09Americanas scandal won't affect Brazil banks much even in "extreme scenario" - cenbank
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03/07Americanas proposes $1.9 billion for creditors from top shareholders
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03/07Azimut Holding, net inflows in February at EUR1.6 billion
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03/02Americanas' top shareholders boost injection offer to $1.9 billion -Bloomberg News
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Analyst Recommendations on AMERICANAS S.A.
More recommendations
Financials
Sales 2022 30 752 M 5 867 M 5 867 M
Net income 2022 160 M 30,5 M 30,5 M
Net Debt 2022 8 411 M 1 605 M 1 605 M
P/E ratio 2022 3,58x
Yield 2022 24,8%
Capitalization 1 002 M 191 M 191 M
EV / Sales 2022 0,31x
EV / Sales 2023 0,27x
Nbr of Employees 10 781
Free-Float 69,2%
Chart AMERICANAS S.A.
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Americanas S.A. Technical Analysis Chart | MarketScreener
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Technical analysis trends AMERICANAS S.A.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 1
Last Close Price 1,11 BRL
Average target price 25,35 BRL
Spread / Average Target 2 184%
EPS Revisions
Managers and Directors
Leonardo Coelho Pereira Chief Executive Officer
Camille Loyo Faria Chief Financial & Investor Relations Officer
Eduardo Saggioro Garcia Chairman
Mauro Muratˇrio Not Independent Director
Vanessa Claro Lopes Independent Director
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