Lojas Renner S.A. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 2018; Reports Loss in the Write-Off of Fixed Assets for the Second Quarter Ended June 2018
July 30, 2018
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Lojas Renner S.A. reported consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported revenue from sale of goods and /or services of BRL 2,020,097,000 compared to BRL 1,831,132,000 a year ago. Income before taxes on profit was BRL 338,656,000 compared to BRL 272,265,000 a year ago. Profit for the period was BRL 274,709,000 or BRL 0.3804 per diluted share compared to BRL 193,583,000 or BRL 0.2787 per diluted share a year ago. Total EBITDA was BRL 428.3 million compared to BRL 374.4 million a year ago. Adjusted total EBITDA (Retail + Financial Products) was BRL 434.2 million compared to BRL 382.7 million a year ago. Operating cash flow was BRL 415.8 million compared to BRL 378.0 million a year ago. Capex was BRL 134.2 million compared to BRL 118.4 million a year ago. Net income from continuing operations was BRL 274,709,000 compared to BRL 193,583,000 a year ago.
For the six months, the company reported revenue from sale of goods and /or services of BRL 3,648,382,000 compared to BRL 3,246,456,000 a year ago. Income before taxes on profit was BRL 494,830,000 compared to BRL 351,367,000 a year ago. Profit for the period was BRL 386,151,000 or BRL 0.5351 per diluted share compared to BRL 260,559,000 or BRL 0.3870 per diluted share a year ago. Net cash from operating activities was BRL 94,310,000 compared to BRL 288,593,000 a year ago. Acquisitions of property, plant and equipment assets were BRL 162,442,000 compared to BRL 143,640,000 a year ago. Acquisitions of intangible assets were BRL 65,848,000 compared to BRL 41,277,000 for the last year. Total EBITDA was BRL 672.2 million compared to BRL 557.6 million a year ago. Adjusted total EBITDA (Retail + Financial Products) was BRL 683.7 million compared to BRL 573.2 million a year ago. Operating cash flow was BRL 489.2 million compared to BRL 427.1 million a year ago. Capex was BRL 228.3 million compared to BRL 184.9 million a year ago. Net debt as at June 30, 2018 was BRL 1,020.3 million compared to BRL 1,106.2 million a year ago. Net income from continuing operations was BRL 386,151,000 compared to BRL 260,559,000 a year ago.
For the quarter, the company reported loss in the write-off of fixed assets of BRL 1,219,000 compared to BRL 725,000 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.
Lojas Renner S.A. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 2018; Reports Loss in the Write-Off of Fixed Assets for the Second Quarter Ended June 2018