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São Caetano do Sul, April 23th, 2019 - Via Varejo S.A. [B3: VVAR3] releases its first quarter (1Q19) earnings results.

Via Varejo

Consolidated gross sales revenue in 1Q19 was R$7.4 billion, down 1.6% from the same period last year.

Gross sales revenue from brick-and-mortar stores in the quarter reached R$5.9 billion, up 0.3% from 1Q18.

Gross Invoiced GMV from the Online Business reached R$1.7 billion in the quarter, up 1.7% from 1Q18, while marketplace penetrationwas 21.2 % (vs. 13.2% in 1Q18).

Gross Profit in the quarter reached R$1.7 billion, with gross margin of 27.6%.

Nominal decrease in Operating Expenses of 19.8% in the period representing a reduction of 4 p.p. compared to the Company`s net revenue.

In 1Q19, adjusted EBITDA was R$521 million, with EBITDA margin of 8.2%.

We ended the quarter with net cash, including unsold credit card receivables, of R$2.2 billion.

Penetration of new Casas Bahia and Ponto Frio apps in the GMV (orders) increased 4.7 p.p. compared to the 1Q18.

Click on the links below in order to access:

1Q19 Earnings Release

1Q19 ITR*

*Information available in Portuguese only.

April 24th, 2019

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

Please dial in five minutes prior to the scheduled conference call time.

Via Varejo S.A.
Departamento de Relações com Investidores - Investor Relations Team

Last Update on April 23, 2019

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