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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.

CONFERENCE CALL WITH WEBCAST
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 http://ri.viavarejo.com.br.

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

Via Varejo S.A.
Departamento de Relações com Investidores - Investor Relations Team
ri@viavarejo.com.br
http://ri.viavarejo.com.br

Last Update on April 23, 2019

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