Arrezo&Co announces 1Q17 Results

Arezzo&Co recorded a 15.4% increase in Net Revenue, a 36.8% increase in EBITDA and a 51.1% increase in Net Income against 1Q16.

São Paulo, May 04th, 2017 – AREZZO&CO (ARZZ3), Brazil’s women’s footwear, handbags and accessories industry leader announces its 1Q17 results.
Highlights

  • Net revenue in 1Q17 reached R$297.2 million, a 15.4% increase against 1Q16;
  • In 1Q17, the Company’s gross profit totaled R$130.1 million, with a 16.4% increase against 1Q16, and margin of 43.8% (growth of 40bps);
  • EBITDA totaled R$36.0 million, with a 36.8% increase against 1Q16, and margin of 12.1% (growth of 190bps);
  • In 1Q17, net income was R$22.2 million, with a growth of 51.1% and margin of 7.5% (growth of 180bps);
  • Arezzo&Co ended the 1Q17 with a 2.7% growth in its store area over the last twelve months.

Click here to see the Earnings Release.