Saraiva S.A. Livreiros Editores reported consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company's gross revenue was BRL 529,219,000 compared to BRL 537,444,000 a year ago. Net revenue was BRL 476,842,000 compared to BRL 487,101,000 a year ago. EBITDA was BRL 22,340,000 compared to BRL 10,347,000 a year ago. Adjusted EBITDA was BRL 24,440,000 compared to BRL 10,347,000 a year ago. Adjusted net income before discontinued operations was BRL 200,000 compared to loss of BRL 19,430,000 a year ago. Adjusted net loss was BRL 829,000 compared to BRL 21,888,000 a year ago. Net loss was BRL 2,215,000 compared to BRL 21,888,000 a year ago. Same store sales growth was negative 12.5% compared to negative 4.6% a year ago. Net debt before receivables was BRL 247,152,000 compared to BRL 198,556,000 a year ago. Net debt after receivables was BRL 48,082,000. For the year, the company's gross revenue was BRL 1,883,326,000 compared to BRL 1,890,859,000 a year ago. Net revenue was BRL 1,724,886,000 compared to BRL 1,737,563,000 a year ago. EBITDA was BRL 14,172,000 compared to BRL 31,609,000 a year ago. Adjusted EBITDA was BRL 42,785,000 compared to BRL 31,609,000 a year ago. Adjusted net loss before discontinued operations was BRL 30,470,000 compared to BRL 51,490,000 a year ago. Adjusted net loss was BRL 33,125,000 compared to BRL 49,804,000 a year ago. Net loss was BRL 52,009,000 compared to BRL 49,804,000 a year ago. Same store sales growth was negative 7.8% compared to negative 4.5% a year ago.