Arezzo&Co Announces 3Q13 Results

Arezzo&Co (BM&FBOVESPA: ARZZ3), Brazil’s women’s footwear, handbags and accessories industry leader, is reporting its earnings for the 3rd quarter of 2013

• Net revenue reached R$266.7 million in 3Q13, 8.1% higher than in 3Q12. In the first nine months of 2013, net revenues increased by 16.1% in relation to the same period of the previous year;
• Gross profit was R$116.1 million in 3Q13, a growth of 8.4% compared to 3Q12, with a margin expansion of 10 bps. Year-to-date, gross profit increased by 17.9%;
• EBITDA amounted to R$46.8 million in 3Q13, or a 17.5% margin, representing an increase of 9.6% and margin expansion of 20 bps against 3Q12. In the first nine months of 2013, EBITDA totaled R$115.9 million, a recurring growth of 15.9%;
• In this quarter, Arezzo&Co opened 12 stores and expanded 3 stores to add 18.2% to the sales area in the last twelve months.
Click here to access the Earnings Release