Arezzo&Co Announces 2Q13 Results

Arezzo&Co (BM&FBOVESPA: ARZZ3), Brazil’s women’s footwear, handbags and accessories industry leader, is reporting its earnings for the 2nd quarter of 2013

Highlights:
• Net revenues reached R$237.6 million in 2Q13, 19.1% higher than in 2Q12;
• Gross profit was R$106.1 million in 2Q13, a growth of 17.9% compared to 2Q12;
• EBITDA amounted to R$40.5 million in 2Q13, an increase of 16.9% over 2Q12, with a margin of 17.0%;
• Net profit for 2Q13 was R$29.1 million, a 12.8% increase when compared to 2Q12;
• In this quarter, Arezzo&Co opened 17 stores and expanded 4 stores to add 1,337m² of sales area.
Click here to access the Earnings Release.