Lojas Renner S.A. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2017
February 07, 2018
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Lojas Renner S.A. reported consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, net operating revenue was BRL 2,451,472,000 against BRL 2,110,802,000 a year ago. Operating profit before Financial Results was BRL 482,566,000 against BRL 464,795,000 a year ago. Profit before income & soc. cont. taxes was BRL 468,147,000 against BRL 438,910,000 a year ago. Profit for the period was BRL 331,801,000 or BRL 0.4608 per diluted share against BRL 299,831,000 or BRL 0.4335 per diluted share a year ago. Net cash generated operating activities was BRL 545,994,000 against BRL 354,312,000 a year ago. Purchases of Fixed Assets were BRL 179,213,000 against BRL 110,569,000 a year ago. Purchases of intangible assets were BRL 50,969,000 against BRL 49,652,000 a year ago. Total EBITDA was BRL 570.0 million against BRL 547.2 million a year ago. Total adjusted EBITDA BRL 603.4 million against BRL 567.7 million a year ago. Capex was BRL 230.2 million against BRL 160.2 million a year ago.
For the year, net operating revenue was BRL 7,444,305,000 against BRL 6,451,578,000 a year ago. Operating profit before Financial Results was BRL 1,087,238,000 against BRL 975,690,000 a year ago. Profit before income & soc. cont. taxes was BRL 1,004,137,000 against BRL 872,380,000 a year ago. Profit for the period was BRL 732,679,000 or BRL 1.0510 per diluted share against BRL 625,058,000 or BRL 0.9061 per diluted share a year ago. Net cash generated operating activities was BRL 845,590,000 against BRL 914,208,000 a year ago. Purchases of Fixed Assets were BRL 440,280,000 against BRL 340,541,000 a year ago. Purchases of intangible assets were BRL 110,083,000 against BRL 136,653,000 a year ago. Total EBITDA was BRL 1,461.3 million against BRL 1,287.0 million a year ago. Total adjusted EBITDA was BRL 1,475.8 million against BRL 1,339.1 million a year ago. Capex was BRL 550.4 million against BRL 512.6 million a year ago.
Lojas Renner S.A. specializes in the retail distribution of clothes and accessories for men, women and children. Gross sales break down by activity as follows:
- sale of products (90.4%): clothes, lingerie, shoes, bags, accessories, perfumes, cosmetic products, etc.;
- financial products (9.6%).
At the end of 2021, the marketing of the products is ensured through a network of 636 stores under the Renner (404), Camicado (119), Youcom (104) and Ashua (9) names in Brazil, and through Internet.