AREZZO&CO ANNOUNCES 1Q16

Arezzo&Co (BM&FBOVESPA: ARZZ3), Brazil´s women´s footwear, handbags and accessories industry leader, is reporting its earnings for the 1st quarter of 2016.

Highlights:

  • Net revenue for 1Q16 was R$257.5 million, up by 9.0% against 1Q15;
  • In 1Q16, the Company’s gross profit stood at R$111.7 million, with a gross margin of 43.4% and growth of 16.5% over 1Q15;
  • EBITDA for 1Q16 totaled R$26.3 million with a margin of 10.2% and reduction of 6.3%;
  • Net income for the quarter was R$14.7 million, with a margin of 5.7%;
  • In 1Q16, Arezzo&Co recorded an expansion of 6.6% in sales area.
Click aqui to acess the Earnings Release.