MARISA - Net Income increases 219% and EBITDA 80% in 4Q12

Feb 05, 2013, 18:08 ET from Marisa Lojas S.A.

SAO PAULO, Feb. 5, 2013 /PRNewswire/ -- Marisa Lojas S.A. (BM&FBovespa: AMAR3; Bloomberg: AMAR3:BZ), announces today the results for the fourth quarter of 2012 (4Q12).

Highlights:

  • 14.1% growth in Same Store Sales and 22.7% in total retail sales
  • 340 bps gain in Consolidated Gross Margin reaching 51.2%
  • 100 bps increase in Retail Gross Margin to 51.8%
  • Increase of 80.1% in consolidated and of 68.6% in Retail EBITDA
  • Opening of 32 new stores in 2012
  • More per M² Project
    • Introduction of Footwear Sector in 77 stores, totaling 202 stores by the end of 2012
    • 310 stores with sales area reallocation, favoring categories with higher sales per square meter
  • Efficiency Plan
    • 290 bps reduction in General, Administrative and Selling Expenses as percentage of Consolidated Net Revenues

4Q12 Conference Call
Date: February 6, 2013
Time: 10:00 a.m. (US EDT) | 01:00 p.m. (Brasilia)
Access phone out of Brazil: +1 (516) 300-1066

IR Contact: +55 (11) 2109-3121 / 6269 dri@marisa.com.br

SOURCE Marisa Lojas S.A.