AREZZO&CO ANNOUNCES 1Q14 RESULTS

Arezzo&Co (BM&FBOVESPA: ARZZ3), Brazil´s women´s footwear, handbags and accessories industry leader, is reporting its earnings for the 1st quarter of 2014.

Highlights:
• In 1Q14, gross revenue was R$275.8 million, up by 7.1% against 1Q13. Namely, internal market presented a 10.3% growth in gross revenues;
• In 1Q14, gross profit was R$92.1 million, a growth of 2.9% against 1Q13;
• EBITDA for 1Q14 amounted to R$27.3 million, with a margin of 12.8%;
• In 1Q14, net income reached R$17.4 million, with net margin of 8.2%;
• In this quarter, Arezzo&Co opened three stores and expanded one store, with a 20.6% growth in sales area in the last 12 months.
Click here to access the Earnings Release