Lojas Americanas S.A. announced consolidated and parent company earnings results for the first quarter ended March 31, 2017. For the quarter, on consolidated basis, the company’s gross sales and services revenue was BRL 4,239.3 million against BRL 4,728.6 million a year ago. Net sales and services revenue was BRL 3,570.5 million against BRL 3,933.2 million a year ago. Operating income before net financial result was BRL 269.4 million against BRL 360.2 million a year ago. Net loss of the period was BRL 132.9 million against BRL 23.9 million a year ago. Adjusted EBITDA was BRL 449.4 million against BRL 509.3 million a year ago. Adjusted income was BRL 328.4 million against BRL 416.6 million a year ago. Net cash used in operating activities was BRL 1,337.0 million against BRL 963.4 million a year ago. Plant, property and equipment were BRL 203.5 million against BRL 128.7 million a year ago. Net debt was BRL 4,972.6 million against BRL 4,457.3 a year ago. For the quarter, on parent company basis, the company’s gross sales and services revenue was BRL 2,441.2 million against BRL 2,774.8 million a year ago. Net sales and services revenue was BRL 2,112.0 million against BRL 2,370.9 million a year ago. Operating income before net financial result was BRL 251.1 million against BRL 305.9 million a year ago. Net loss of the period was BRL 132.9 million against BRL 23.9 million a year ago. Adjusted EBITDA was BRL 340.6 million against BRL 381.4 million a year ago. Adjusted income was BRL 381.4 million against BRL 359.3 million a year ago. Net cash used in operating activities was BRL 467.5 million against BRL 521.2 million a year ago. Plant, property and equipment were BRL 201.9 million against BRL 112.4 million a year ago. Net debt was BRL 2,942.8 million against BRL 2,762.2 a year ago.