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São Caetano do Sul, October 24th, 2018 - Via Varejo S.A. [B3: VVAR11, VVAR3 and VVAR4] releases its third quarter 2018 (3Q18) earnings results.
Consolidated Net Revenue of R$ 6.4 billion in 3Q18, up 4.4% over the same period of last year.
Net sales in physical stores reached R$ 5.2 billion in 3Q18 (+5.2% vs. 3Q17), with same-store sales growth of +4.2%.
Online GMV in 3Q18 of R$ 1.6 billion, with growth of 13.6% and marketplace penetration of 26.2% (vs. 24.9% in 3Q17).
Click&Collect in 3Q18 reached 31.3% of Online sales in the main categories, demonstrating consistency in the evolution of our multi-channel strategy.
Gross Profit of R$ 1,864 million, representing a margin of 29.2%.
Adjusted EBITDA of R$ 161 million in 3Q18, with a margin of 2.5%.
We ended the quarter with net cash, including undiscounted credit card receivables, of R$ 1.6 billion.
Launch of the new Casas Bahia app, + 300% in orders only in September vs. the best month of the year.
Partnership with a call option of Airfox for the development of the digital CDC and the digital wallet.
Partnership with GetNet to develop the marketplace seller’s portal with a wide range of financial services.
Extension of the Partnership with Zurich: centralized a large part of the insurance portfolio by a single insurance company, contributing to the omnichannel strategy and envisaging greater efficiency and operational synergy.
Click on the links below in order to access:
3Q18 Earnings Release
*Information available in Portuguese only.
CONFERENCE CALL WITH WEBCAST
October 25th, 2018
2:00 p.m. (Brasília time) | 1:00 p.m. (NY) | 6:00 p.m. (London)
Conference in English (simultaneous translation)
+1 (646) 843-6054
Webcast: click here
Conference in Portuguese (original language)
+55 (11) 2188-0155
Webcast: click here
Replay: +55 (11) 2188-0400
Access code for audio in English: Via Varejo
Access code for audio in Portuguese: Via Varejo
The conference call will also be available in audio format on http://www.viavarejo.com.br/ri.
Please dial in five minutes prior to the scheduled conference call time.
Via Varejo S.A.
Departamento de Relações com Investidores - Investor Relations Team