Arezzo&Co announces 4Q17 and 2017 Results

São Paulo, March 7, 2018 – AREZZO&CO (ARZZ3), Brazil’s women’s footwear, handbags and accessories industry leader announces its 4Q17 and 2017 results.

Highlights

  • Net revenue in 4Q17 reached R$363.6 million, a 7.3% increase against 4Q16;
  • In 4Q17, the Company’s gross profit totaled R$169.6 million,with a gross margin of 46.6%, and a 10.7% increase against 4Q16;
  • EBITDA for 4Q17 totaled R$54.5 million, with a margin of 15.0% and a 1.1% increase against 4Q16;
  • In 4Q17, net income was R$55.3 million, with a 15.2% net margin and growth of 54.5%;
  • Arezzo&Co recorded a 630bps increase in ROIC, reaching the level of 27.4%;
  • During the quarter, Arezzo&Co’s opened 53 stores, with growth of 5.8% in the sales area over the last 12 months.

Click here to see the Earnings Release.