Springs Global Participações S A : 2Q22 Webcast Presentation
August 29, 2022 at 11:34 pm EDT
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2Q22 Results
August 30, 2022
Disclaimer
This presentation may include declarations about Springs Global's expectations regarding future events or results. All declarations based upon future expectations, rather than historical facts, are subject to various risks and uncertainties.
These risks and uncertainties include factors related to the following: the Company´s business strategy, the international and the Brazilian economies, technology, financial strategy, developments in the textile and retail sectors, market conditions, among others. To obtain further information on factors that may give rise to results different from those forecasted by Springs Global, please consult the reports filed with the Brazilian Comissão de Valores Mobiliários (CVM, equivalent to U.S. "SEC").
Consolidated Performance
Revenue decreased due to the change in consumption habits post pandemic and the lower purchasing power of families
Total
Wholesale
Retail
-18%
-9%
-33%
-3%
-16%
+54%
Net revenue
385.0
328.2
317.3
263.3
2Q22/
2Q21
2Q22/
2Q19
Wholesale
Retail
2Q19
2Q20
2Q21
2Q22
4
Operating results were negatively impacted by the reduction in gross profit and the provision for doubtful accounts
Financial Indicators
385.0
328.2
317.3
263.3
139.7
94.6
97.4
56.9
10.5
18.8
2Q19
2Q20(21.1)
2Q21
2Q22
(64.3)
Net revenue (R$ million)
Gross profit (R$ million)
EBIT (R$ million)
5
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Springs Global Participações SA published this content on 30 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 August 2022 03:33:14 UTC.
Springs Global Participacoes SA is a Brazil-based company engaged in the textile industry. The Company focuses on spinning, weaving, finishing and manufacturing of home textile products, mainly bed and bath textile articles, such as tablecloths, bed sheets, pillowcases, mattress pads, blankets, towels, shower curtains and bath accessories. The Company offers its products under various brand names, including MMartan, Casas Moyses, Artex, Santista, Springmaid, Fantasia, Arco Iris and Wabasso, among others. The Company operates production facilities in Brazil, Argentina and the United States, as well as distributes products in the United States, Canada, Brazil and Argentina. It controls a numed of subsidiaries, such as Springs Global US Inc, Coteminas SA, Ammo Varejo Ltda and American Sportswear Ltda. It is owned by Companhia de Tecidos Norte de Minas COTEMINAS.
SPRINGS GLOBAL PARTICIPAÇÕES S.A. 
