The document summarizes the key financial and operational highlights from Hering's 3Q10 conference call. Some of the main points include:
- Gross revenue grew 36.3% to R$287.3 million, with two-digit sales growth across all brands.
- Same-store sales for the Hering Store chain increased 33.6%.
- EBITDA was R$57.7 million, a 50% increase over 3Q09, with the EBITDA margin rising 2.6 percentage points to 24.5%.
Arezzo & Co reported strong financial results for 2Q17. Net income grew 30% to R$39.3 million with margins expanding. Gross profit increased 16.8% to R$154.3 million and EBITDA grew 22.8% to R$50.3 million. All brands and channels experienced sales growth. The company continues expanding through new store openings and growing its online presence. ROIC improved to 23.7%, demonstrating efficient use of capital.
1) Arezzo&Co reported strong financial results in 4Q16, with net revenue increasing 19.4% and net income reaching R$35.8 million, a 10.6% margin.
2) Key highlights included a 21.2% rise in gross profit to R$153.2 million and 20.6% growth in EBITDA to R$53.9 million.
3) For the full year 2016, the company opened 22 new stores, expanding its sales area by 3.7% in line with guidance, and generated R$101.7 million in operating cash flow.
Marico reported mixed financial results for the second quarter of fiscal year 2011. While overall volume growth was strong at 15%, price cuts taken in core brands constrained top-line growth to 12.5% year-over-year. Earnings grew 14.8% driven by lower taxes and other income, but operating profit rose only 4.5% as gross margins contracted sharply due to rising input costs. The company's international business and hair oils portfolio posted robust growth, but margins are expected to recover only gradually as further price hikes are implemented.
Cia Hering registers significant sales growth in 3Q10. Gross revenue increased 36.3% compared to 3Q09, driven by a 33.6% increase in same-store sales for the Hering Store chain. The Hering brand saw 37.9% revenue growth due to increased sales in both the store chain and multibrand retail. The Hering Kids brand also performed well with 35.8% revenue growth. Management remains optimistic about prospects for the rest of 2010 and increased its store opening goal for the Hering Store chain to 337 stores.
Arezzo&Co reported strong financial results for 1Q17, with net income growing 51.1% YoY to R$22.2 million and EBITDA increasing 36.8% to R$36 million. All brands and channels experienced revenue growth, particularly Anacapri and Arezzo brands. The company also saw improvements in operating cash flow and ROIC. Arezzo&Co remains focused on optimizing its distribution network and working capital management.
ITC reported strong revenue and earnings growth for the second quarter of fiscal year 2011. Revenue grew 16.3% to Rs. 5,061 crore, driven by double-digit sales growth in cigarettes and strong growth in agri-business and non-cigarette FMCG. Earnings grew 23.5% to Rs. 1,247 crore due to revenue growth, lower taxes, and a 74% jump in other income. Operating margins remained flat at 35.3% as cost savings were offset by higher expenses. The cigarette segment delivered 15% revenue growth and 16.5% EBIT growth through price hikes, while volumes declined an estimated 1-2%.
The document summarizes the financial results of Arezzo&Co for the third quarter of 2016. Some key highlights include:
- Net income was R$35.4 million, with a margin of 10.2%
- Gross profit increased 14.4% to R$152.2 million and gross margin grew 170 basis points
- EBITDA grew 12.5% to R$55.9 million with a margin of 16.1%
- Same-store sales increased 6.4% across owned stores, franchises, and web commerce channels
Profarma is acquiring Drogaria Rosário for R$173 million. The acquisition will be paid through R$32 million in cash at closing and R$91 million 36 months after closing. The acquisition expands Profarma's retail footprint and positions its d1000 retail division as the 6th largest drugstore chain in Brazil. The acquisition offers synergies through increased scale and bargaining power. Profarma has a track record of successfully integrating and turning around acquisitions like Drogasmil/Farmalife. The Rosário acquisition strengthens Profarma's strategic positioning across multiple divisions.
Arezzo & Co reported strong financial results for 2Q17. Net income grew 30% to R$39.3 million with margins expanding. Gross profit increased 16.8% to R$154.3 million and EBITDA grew 22.8% to R$50.3 million. All brands and channels experienced sales growth. The company continues expanding through new store openings and growing its online presence. ROIC improved to 23.7%, demonstrating efficient use of capital.
1) Arezzo&Co reported strong financial results in 4Q16, with net revenue increasing 19.4% and net income reaching R$35.8 million, a 10.6% margin.
2) Key highlights included a 21.2% rise in gross profit to R$153.2 million and 20.6% growth in EBITDA to R$53.9 million.
3) For the full year 2016, the company opened 22 new stores, expanding its sales area by 3.7% in line with guidance, and generated R$101.7 million in operating cash flow.
Marico reported mixed financial results for the second quarter of fiscal year 2011. While overall volume growth was strong at 15%, price cuts taken in core brands constrained top-line growth to 12.5% year-over-year. Earnings grew 14.8% driven by lower taxes and other income, but operating profit rose only 4.5% as gross margins contracted sharply due to rising input costs. The company's international business and hair oils portfolio posted robust growth, but margins are expected to recover only gradually as further price hikes are implemented.
Cia Hering registers significant sales growth in 3Q10. Gross revenue increased 36.3% compared to 3Q09, driven by a 33.6% increase in same-store sales for the Hering Store chain. The Hering brand saw 37.9% revenue growth due to increased sales in both the store chain and multibrand retail. The Hering Kids brand also performed well with 35.8% revenue growth. Management remains optimistic about prospects for the rest of 2010 and increased its store opening goal for the Hering Store chain to 337 stores.
Arezzo&Co reported strong financial results for 1Q17, with net income growing 51.1% YoY to R$22.2 million and EBITDA increasing 36.8% to R$36 million. All brands and channels experienced revenue growth, particularly Anacapri and Arezzo brands. The company also saw improvements in operating cash flow and ROIC. Arezzo&Co remains focused on optimizing its distribution network and working capital management.
ITC reported strong revenue and earnings growth for the second quarter of fiscal year 2011. Revenue grew 16.3% to Rs. 5,061 crore, driven by double-digit sales growth in cigarettes and strong growth in agri-business and non-cigarette FMCG. Earnings grew 23.5% to Rs. 1,247 crore due to revenue growth, lower taxes, and a 74% jump in other income. Operating margins remained flat at 35.3% as cost savings were offset by higher expenses. The cigarette segment delivered 15% revenue growth and 16.5% EBIT growth through price hikes, while volumes declined an estimated 1-2%.
The document summarizes the financial results of Arezzo&Co for the third quarter of 2016. Some key highlights include:
- Net income was R$35.4 million, with a margin of 10.2%
- Gross profit increased 14.4% to R$152.2 million and gross margin grew 170 basis points
- EBITDA grew 12.5% to R$55.9 million with a margin of 16.1%
- Same-store sales increased 6.4% across owned stores, franchises, and web commerce channels
Profarma is acquiring Drogaria Rosário for R$173 million. The acquisition will be paid through R$32 million in cash at closing and R$91 million 36 months after closing. The acquisition expands Profarma's retail footprint and positions its d1000 retail division as the 6th largest drugstore chain in Brazil. The acquisition offers synergies through increased scale and bargaining power. Profarma has a track record of successfully integrating and turning around acquisitions like Drogasmil/Farmalife. The Rosário acquisition strengthens Profarma's strategic positioning across multiple divisions.
- The company completed the acquisition of Eminence earlier than planned in July 2018. Eminence is expected to contribute $0.40-0.45 to profit per share in 2019.
- Q2 2018 sales were down 0.5% and gross margin was down 30 basis points compared to Q2 2017, however net income increased 2%.
- Several business segments saw sales increases and improved earnings compared to Q2 2017, while others faced challenges from currency fluctuations and other costs.
- For the first half of 2018, sales increased 3% while net income excluding one-time items increased 3% compared to the same period in 2017.
The document summarizes Profarma's 2Q16 earnings release. Key highlights include:
- Consolidated pro-forma gross revenue increased 15.2% and EBITDA rose 59.8% to R$60.2 million.
- Retail sales grew 10.5% and EBITDA increased 50.1% to R$9.8 million. Specialties sales rose 41.9% and EBITDA grew 80% to R$5.1 million.
- Pharmaceutical distribution sales grew 11.4% and EBITDA increased 59% to R$45.1 million, the best performance in 7 years.
Marfrig reported net income of R$34.5 million in the first quarter of 2012, reversing a loss in the same quarter of the previous year. Key highlights include a 10% increase in gross profit compared to Q1 2011, a 22% increase in EBITDA, and improved margins. Exports decreased 11% year-over-year due to high inventories decreasing demand in key markets. The company continued its strategy of increasing higher-margin processed foods as a percentage of total sales.
The document provides an overview of a company's results for the third quarter of 2019. Some key highlights include:
- Sales increased 20% to $446 million, with 6% organic growth. EBIT increased 2% to $27 million. Net income decreased 13% to $14.5 million.
- The global upper market segment saw strong growth with sales up 85% and EBIT up 148%. Bogart sales were $57 million.
- DGUSA sales grew 5% but EBIT declined 25% due to price pressure from a key retailer. A strategic plan is being implemented.
- Other segments like Delta European Brands and Delta Israel also saw sales growth.
The document provides an overview of Arezzo&Co's financial results for 1Q15. Key highlights include:
- Net revenue reached R$236.2 million, an increase of 10.7% year-over-year.
- Net income was R$18.1 million, with a net margin of 7.7%.
- EBITDA totaled R$28.1 million, an increase of 3.0% year-over-year, with a margin of 11.9%.
- The company expanded its sales area by 11.2% compared to 1Q14.
Gross revenue for Arezzo&Co reached R$367.0 million in 4Q15, a decrease of 2.3% over 4Q14. Net income was R$33.5 million, with a margin of 11.8% and growth of 9.4% excluding non-recurring items in 4Q14. EBITDA for 4Q15 amounted to R$44.7 million, with a margin of 15.8%. The company opened 18 new stores and expanded 3 existing stores, growing its sales area by 7.3% over the last 12 months. Cash generation was strong at R$49.3 million in the quarter.
- The company achieved record results in 2017 with sales increasing 16% to $1.37B and net income growing 7% to $51M.
- In Q1 2018, sales increased 6% and EBIT excluding one-time items rose 8%. Net income excluding one-time items grew 4%.
- Several business segments saw strong sales growth and improved profits, while others faced softness. The company remains focused on improving profitability across all segments.
All estimates, opinions and plans provided in this document are based on the best information available at the time of the creation of this document on August 1, 2017 and we do not guarantee their accuracy. Therefore our actual results may differ due to various unforeseen risk factors and changes in global economies.
- Sales decreased 2% in Q2 2016 versus Q2 2015 to $249.5 million, due to an 11% decrease in the Delta USA segment which was partially offset by increases in other business segments.
- Operating profit decreased 7% in Q2 2016 due to lower profits in the Delta USA and Schiesser segments, while other segments improved.
- For the first half of 2016, revenues were relatively stable compared to the same period last year while operating profit decreased 5% due to higher depreciation expenses from investments for future growth.
- Sales increased 11% to a record $505 million in Q4 2019, with organic growth of -2%. EBIT increased 22% to $51 million.
- Net income increased 28% to $35 million. Operating cash flow reached a record level of $97 million, up $40 million.
- Net debt to EBITDA was reduced to 2.5 from 3.2 in Q3. The Vietnam factory became profitable.
The document summarizes Arezzo&Co's financial results for 4Q13 and full year 2013. Key highlights include:
- Net revenue reached R$963.0 million in 2013, an 11.9% increase, and R$257.6 million in 4Q13, a 1.9% growth.
- Gross margin expanded 50 bps to 44.2% in 2013. EBITDA totaled R$159.5 million for 2013, a 10.9% increase.
- Net profit grew 14.1% to R$110.6 million for 2013. The company achieved its goal of opening 59 new stores in 2013, expanding sales area by 20.0%.
In Q4 2018, the company achieved record results with sales of $454 million, a 22% increase over Q4 2017. Operating profit grew 18% to $38.4 million, while excluding one-time costs, operating profit increased 30% compared to last year. Net income was $24.7 million, up 23%, and excluding one-time items, net income rose 36%. The company generated $56.5 million in operating cash flow in the quarter.
The document provides an overview and highlights of Delta Galil Industries' results for the second quarter (Q2) of 2019. Some key points:
- Q2 2019 sales increased 10% to $374 million compared to the previous year. EBIT increased 13% to $17 million. Operating cash flow increased by $11 million.
- By segment, DGUSA sales were down 10% and EBIT down 83% due to a product return and weakness in activewear. Global Upper Market sales increased 26% and EBIT 74% with improvements in seamless and socks.
- Eminence contributed $20.8 million to sales. Delta Premium Brands sales fell 2% due to weakness in
Delta reported a 9% increase in sales and a 10% increase in EBIT excluding one-time items for Q3 2018. Key highlights include strong growth for DGUSA with a 9% sales increase and 49% higher EBIT. Delta Israel also saw significant improvements with 19% higher sales and a $1.3M EBIT increase. The Eminence acquisition added $27.1M in sales for Delta European Brands. However, softness in the European market negatively impacted Schiesser and GUM segment results. One-time restructuring and acquisition costs lowered reported profits.
Magnit presented operational results for 1Q 2016. It operates 12,434 stores across Russia under convenience, hypermarket, Magnit Family and drogerie formats. In 1Q 2016, revenue grew 24.5% to RUB 951 billion while net income grew 23.9% to RUB 59.1 billion. Magnit aims to open 1000-1100 convenience stores, 80 hypermarkets and 1200 drogerie stores in 2016. Key metrics included a net debt to EBITDA ratio of 0.9x and capex of RUB 67 billion for 2015. Magnit remains the largest food retailer in Russia by revenue and number of stores.
Magnit presented operational results for 1Q 2016. Key highlights include:
- Revenue grew 24.5% year-over-year to 950.6 billion rubles.
- EBITDA margin was 10.94%, down from 11.25% in the prior year.
- The company operates 12,434 stores across 7 regions of Russia, utilizing a multi-format model including convenience stores, hypermarkets, Magnit Family stores, and drogerie stores.
PHARMA Market Elements of Growth (MEGR)Walid Saafan
For PHARMA professionals: How you can identify and follow-up the market growth (total market or specific corporate)?
Growth elements are: New brands, new packs, price increase, volume and others.
A comprehensive market intelligence.
Luxottica, A long way to growth - Investors & Analysts presentation Luxottica Group
Luxottica reported record results in fiscal year 2012, with all-time high sales of €7 billion, up 14% year-over-year. Operating income increased 22.3% to over €1 billion. Free cash flow generation exceeded €700 million. Demographic and economic trends in emerging markets and developed countries are fueling long-term expansion in the eyewear industry.
Magnit presented operational and financial results for 9M 2016. Key highlights include:
- Revenue grew 14.7% to RUB 521.5 billion in 1H 2016 compared to 1H 2015.
- EBITDA margin was 9.89% in 1H 2016 versus 10.69% in 1H 2015.
- The company operates 13,364 stores across 2,436 cities and towns in Russia as of September 30, 2016.
- Store formats include convenience stores, hypermarkets, Magnit family stores, and drogerie stores.
Hypermarcas provides a 3-quarter financial and operational presentation covering its branded pharmaceutical business in Brazil. The document discusses the company's forward-looking statements and disclaimer, agenda for the presentation, an overview of the Brazilian pharmaceutical market and Hypermarcas' business within it. Financial information is presented for both pre- and post-acquisition periods, though specifics are not provided in the document summary.
Hering reported its 3Q17 results with the following highlights:
- Gross revenues increased 5.1% to R$433.7 million, influenced by own stores, webstores, and foreign market performance.
- EBITDA was R$63.8 million with 310 basis point margin expansion due to sales growth and gross margin increase.
- Net income decreased 9.8% to R$51.9 million due to a financial income gain in 3Q16 impacting comparisons.
- ROIC increased 130 basis points to 16.7% mainly due to recovery in operating results.
Cia Hering reported strong financial results for 4Q09 and FY2009, with gross revenue increasing 39.4% and EBITDA margin expanding 4.0 percentage points to 21.4% for the full year. The company grew its store network, with same-store sales increasing 27.2% for existing Hering stores. Cia Hering also outlined plans to further expand its Hering store network to 405 locations by 2012.
- The company completed the acquisition of Eminence earlier than planned in July 2018. Eminence is expected to contribute $0.40-0.45 to profit per share in 2019.
- Q2 2018 sales were down 0.5% and gross margin was down 30 basis points compared to Q2 2017, however net income increased 2%.
- Several business segments saw sales increases and improved earnings compared to Q2 2017, while others faced challenges from currency fluctuations and other costs.
- For the first half of 2018, sales increased 3% while net income excluding one-time items increased 3% compared to the same period in 2017.
The document summarizes Profarma's 2Q16 earnings release. Key highlights include:
- Consolidated pro-forma gross revenue increased 15.2% and EBITDA rose 59.8% to R$60.2 million.
- Retail sales grew 10.5% and EBITDA increased 50.1% to R$9.8 million. Specialties sales rose 41.9% and EBITDA grew 80% to R$5.1 million.
- Pharmaceutical distribution sales grew 11.4% and EBITDA increased 59% to R$45.1 million, the best performance in 7 years.
Marfrig reported net income of R$34.5 million in the first quarter of 2012, reversing a loss in the same quarter of the previous year. Key highlights include a 10% increase in gross profit compared to Q1 2011, a 22% increase in EBITDA, and improved margins. Exports decreased 11% year-over-year due to high inventories decreasing demand in key markets. The company continued its strategy of increasing higher-margin processed foods as a percentage of total sales.
The document provides an overview of a company's results for the third quarter of 2019. Some key highlights include:
- Sales increased 20% to $446 million, with 6% organic growth. EBIT increased 2% to $27 million. Net income decreased 13% to $14.5 million.
- The global upper market segment saw strong growth with sales up 85% and EBIT up 148%. Bogart sales were $57 million.
- DGUSA sales grew 5% but EBIT declined 25% due to price pressure from a key retailer. A strategic plan is being implemented.
- Other segments like Delta European Brands and Delta Israel also saw sales growth.
The document provides an overview of Arezzo&Co's financial results for 1Q15. Key highlights include:
- Net revenue reached R$236.2 million, an increase of 10.7% year-over-year.
- Net income was R$18.1 million, with a net margin of 7.7%.
- EBITDA totaled R$28.1 million, an increase of 3.0% year-over-year, with a margin of 11.9%.
- The company expanded its sales area by 11.2% compared to 1Q14.
Gross revenue for Arezzo&Co reached R$367.0 million in 4Q15, a decrease of 2.3% over 4Q14. Net income was R$33.5 million, with a margin of 11.8% and growth of 9.4% excluding non-recurring items in 4Q14. EBITDA for 4Q15 amounted to R$44.7 million, with a margin of 15.8%. The company opened 18 new stores and expanded 3 existing stores, growing its sales area by 7.3% over the last 12 months. Cash generation was strong at R$49.3 million in the quarter.
- The company achieved record results in 2017 with sales increasing 16% to $1.37B and net income growing 7% to $51M.
- In Q1 2018, sales increased 6% and EBIT excluding one-time items rose 8%. Net income excluding one-time items grew 4%.
- Several business segments saw strong sales growth and improved profits, while others faced softness. The company remains focused on improving profitability across all segments.
All estimates, opinions and plans provided in this document are based on the best information available at the time of the creation of this document on August 1, 2017 and we do not guarantee their accuracy. Therefore our actual results may differ due to various unforeseen risk factors and changes in global economies.
- Sales decreased 2% in Q2 2016 versus Q2 2015 to $249.5 million, due to an 11% decrease in the Delta USA segment which was partially offset by increases in other business segments.
- Operating profit decreased 7% in Q2 2016 due to lower profits in the Delta USA and Schiesser segments, while other segments improved.
- For the first half of 2016, revenues were relatively stable compared to the same period last year while operating profit decreased 5% due to higher depreciation expenses from investments for future growth.
- Sales increased 11% to a record $505 million in Q4 2019, with organic growth of -2%. EBIT increased 22% to $51 million.
- Net income increased 28% to $35 million. Operating cash flow reached a record level of $97 million, up $40 million.
- Net debt to EBITDA was reduced to 2.5 from 3.2 in Q3. The Vietnam factory became profitable.
The document summarizes Arezzo&Co's financial results for 4Q13 and full year 2013. Key highlights include:
- Net revenue reached R$963.0 million in 2013, an 11.9% increase, and R$257.6 million in 4Q13, a 1.9% growth.
- Gross margin expanded 50 bps to 44.2% in 2013. EBITDA totaled R$159.5 million for 2013, a 10.9% increase.
- Net profit grew 14.1% to R$110.6 million for 2013. The company achieved its goal of opening 59 new stores in 2013, expanding sales area by 20.0%.
In Q4 2018, the company achieved record results with sales of $454 million, a 22% increase over Q4 2017. Operating profit grew 18% to $38.4 million, while excluding one-time costs, operating profit increased 30% compared to last year. Net income was $24.7 million, up 23%, and excluding one-time items, net income rose 36%. The company generated $56.5 million in operating cash flow in the quarter.
The document provides an overview and highlights of Delta Galil Industries' results for the second quarter (Q2) of 2019. Some key points:
- Q2 2019 sales increased 10% to $374 million compared to the previous year. EBIT increased 13% to $17 million. Operating cash flow increased by $11 million.
- By segment, DGUSA sales were down 10% and EBIT down 83% due to a product return and weakness in activewear. Global Upper Market sales increased 26% and EBIT 74% with improvements in seamless and socks.
- Eminence contributed $20.8 million to sales. Delta Premium Brands sales fell 2% due to weakness in
Delta reported a 9% increase in sales and a 10% increase in EBIT excluding one-time items for Q3 2018. Key highlights include strong growth for DGUSA with a 9% sales increase and 49% higher EBIT. Delta Israel also saw significant improvements with 19% higher sales and a $1.3M EBIT increase. The Eminence acquisition added $27.1M in sales for Delta European Brands. However, softness in the European market negatively impacted Schiesser and GUM segment results. One-time restructuring and acquisition costs lowered reported profits.
Magnit presented operational results for 1Q 2016. It operates 12,434 stores across Russia under convenience, hypermarket, Magnit Family and drogerie formats. In 1Q 2016, revenue grew 24.5% to RUB 951 billion while net income grew 23.9% to RUB 59.1 billion. Magnit aims to open 1000-1100 convenience stores, 80 hypermarkets and 1200 drogerie stores in 2016. Key metrics included a net debt to EBITDA ratio of 0.9x and capex of RUB 67 billion for 2015. Magnit remains the largest food retailer in Russia by revenue and number of stores.
Magnit presented operational results for 1Q 2016. Key highlights include:
- Revenue grew 24.5% year-over-year to 950.6 billion rubles.
- EBITDA margin was 10.94%, down from 11.25% in the prior year.
- The company operates 12,434 stores across 7 regions of Russia, utilizing a multi-format model including convenience stores, hypermarkets, Magnit Family stores, and drogerie stores.
PHARMA Market Elements of Growth (MEGR)Walid Saafan
For PHARMA professionals: How you can identify and follow-up the market growth (total market or specific corporate)?
Growth elements are: New brands, new packs, price increase, volume and others.
A comprehensive market intelligence.
Luxottica, A long way to growth - Investors & Analysts presentation Luxottica Group
Luxottica reported record results in fiscal year 2012, with all-time high sales of €7 billion, up 14% year-over-year. Operating income increased 22.3% to over €1 billion. Free cash flow generation exceeded €700 million. Demographic and economic trends in emerging markets and developed countries are fueling long-term expansion in the eyewear industry.
Magnit presented operational and financial results for 9M 2016. Key highlights include:
- Revenue grew 14.7% to RUB 521.5 billion in 1H 2016 compared to 1H 2015.
- EBITDA margin was 9.89% in 1H 2016 versus 10.69% in 1H 2015.
- The company operates 13,364 stores across 2,436 cities and towns in Russia as of September 30, 2016.
- Store formats include convenience stores, hypermarkets, Magnit family stores, and drogerie stores.
Hypermarcas provides a 3-quarter financial and operational presentation covering its branded pharmaceutical business in Brazil. The document discusses the company's forward-looking statements and disclaimer, agenda for the presentation, an overview of the Brazilian pharmaceutical market and Hypermarcas' business within it. Financial information is presented for both pre- and post-acquisition periods, though specifics are not provided in the document summary.
Hering reported its 3Q17 results with the following highlights:
- Gross revenues increased 5.1% to R$433.7 million, influenced by own stores, webstores, and foreign market performance.
- EBITDA was R$63.8 million with 310 basis point margin expansion due to sales growth and gross margin increase.
- Net income decreased 9.8% to R$51.9 million due to a financial income gain in 3Q16 impacting comparisons.
- ROIC increased 130 basis points to 16.7% mainly due to recovery in operating results.
Cia Hering reported strong financial results for 4Q09 and FY2009, with gross revenue increasing 39.4% and EBITDA margin expanding 4.0 percentage points to 21.4% for the full year. The company grew its store network, with same-store sales increasing 27.2% for existing Hering stores. Cia Hering also outlined plans to further expand its Hering store network to 405 locations by 2012.
Ratios Analysis, Pro Forma Statements, Projected Cash flows of Proposed Project, Net Present Value, Internal Rate of Return, Payback Period, Discounted Payback Period, Break Even Analysis, Scenario Analysis, As-if Analysis
The company reported gross revenues of R$431.1 million for 3Q14, a 0.9% decrease from the previous year. EBITDA was R$74.7 million, down 9.4% due to higher expenses and a decline in gross margin from promotional activities. Net income increased 21.7% to R$70.9 million due to a tax benefit. The outlook expects challenges to organic store expansion due to high occupancy costs and a focus on profitability, which may result in fewer openings in 2015. A new e-commerce platform will launch in October and all brands will migrate to the new platform in 2015.
The document analyzes the financial implications of Medical Logistics' strategic expansion plan into new markets and market niches in Sub-Saharan Africa. It projects revenues, costs, assets, liabilities, and cash flows over 5 years. The analysis estimates the company will need $25 million to finance the expansion, which it plans to fund through a $20 million loan and $5 million in internal cash flow. The expansion is expected to increase revenues from $187 million in year 1 to $669 million in year 5 and market share from 4% to 20%, allowing the company to internally finance future growth.
The document summarizes financial information for a Brazilian pharmaceutical company for the third quarter of 2016. It reported consolidated gross revenues of R$1.367 billion for the quarter, a 3.7% increase year-over-year. The retail segment saw a 1.9% decrease in EBITDA compared to the previous year. Specialties sales increased 19.9% year-over-year while distribution sales grew 3.0%. The company's net debt to EBITDA ratio was 3.1x for the quarter.
CCR reported financial results for the third quarter of 2014, with consolidated traffic falling 1.3% compared to the prior year. Revenue increased 5.9% to R$1.458 billion while adjusted EBITDA rose 5.3% to R$977.6 million on a same-basis excluding new projects. Net income on the same basis totaled R$366.2 million, an 8.1% reduction. The company maintained its disciplined approach to costs. CCR remains committed to paying at least 50% of net income as dividends and announced an interim dividend of R$0.7359 per share.
1) Hering reported a 16% increase in gross revenues and a 3.8% increase in EBITDA for 1Q13 compared to 1Q12.
2) The results were driven by growth in both the franchise and multi-brand retail channels, however gross margins contracted due to cost pressures and changes in incentives.
3) For the outlook, Hering expects continued sales growth through new store openings and average price increases, while maintaining EBITDA margins despite reductions in fiscal incentives.
Earnings Release Presentation - Third Quarter 2007 (3Q07).MRVRI
This document summarizes MRV's 3Q07 results presentation. Key highlights include a 473% increase in launches and 261% increase in contracted sales compared to 3Q06. Net operating revenue increased 203% and adjusted EBITDA grew 308% year-over-year. MRV has a land bank of R$6.9 billion covering 51 cities. For 2007, MRV revised guidance upward with projected PSV of R$1.03-1.1 billion and contracted sales of R$640-690 million. Outlook for 2008 forecasts PSV of R$2-2.2 billion and contracted sales of R$1.5-1.7 billion.
The document summarizes Hering's 3Q16 financial results. Gross revenues were R$412.8 million, impacted by lower multibrand performance but partially offset by owned stores and webstore. EBITDA was R$48.8 million, down 11.1% due to operational deleveraging and expenses. Net income was R$57.5 million, down 41.2% due to non-recurring effects. For Q4, uncertainties in consumption could impact sales volatility but inventory normalization should help reduce markdowns. The company's priorities remain improving products, stores, supply chain management and inventories to boost profitability.
This document provides a performance analysis of Algorithm (consolidated) over several periods from 2017-2021. It includes key financial metrics such as sales, operating profit, net income, debt ratio, and earnings per share. It also evaluates the company's current stock price compared to different price ranges and provides a stock purchase recommendation based on the company's probability score.
This document provides financial and stock performance data for an algorithm company over several periods from 2015-2019. It includes metrics like sales, operating profit, net income, debt ratio, and earnings per share. It also shows the company's stock price history and analyses this data to provide an indication price range and evaluation of the company's current stock price performance relative to its analysis. Additional sections provide strategies for purchasing the stock and notices about the limitations and appropriate use of the analysis report.
Gafisa reported strong financial results for 3Q10, with launches up 140% and contracted sales up 27% compared to 3Q09. SG&A ratios improved due to operating leverage and synergies from the merger with Tenda. Results to be recognized (REF) grew 29% to R$1.3 billion for 3Q10, with the REF margin expanding 322 basis points to 38.2%, reflecting contributions from recent higher-margin projects. The company also strengthened its balance sheet in the quarter through a R$300 million debenture issuance.
- CyrusOne beat analysts' estimates for Q4 revenue, adjusted EBITDAS, FFO/share, and AFFO/share.
- While new monthly recurring revenue from new customers was slightly below average, revenue from existing customers was strong.
- Lower oil prices are not expected to negatively impact CyrusOne as its largest energy customers represent a small percentage of their costs.
- Analysts raised their price target for CyrusOne to $34 per share based on a 13x multiple of 2016 estimated adjusted EBITDAS.
This document provides an overview of an intelligent automation company. It discusses the company's history, leadership, financial performance, products, markets, growth strategy, and competitive advantages. The company has experienced significant revenue and profitability growth recently and aims to further penetrate existing markets and expand into new sectors through 2020. Risk factors are also noted around forward-looking statements.
Roth presentation jason tienor telkonetAdam Martin
This document provides an overview of an intelligent automation company. It discusses the company's history, leadership, financial performance, products, markets, growth strategy, and competitive advantages. The company has experienced significant revenue and profitability growth recently and aims to further penetrate existing markets and expand into new sectors through 2020. Key factors making it well-positioned for continued expansion include its technological capabilities, growing customer base, profitable financials, and experienced management team.
A Financial Review: Pharmaceuticals IndustryRoby Camagong
This Financial Review discusses the in-depth analysis of the operating and financial performance of the three companies in the Pharmaceutical Industry, namely- GlaxoSmithKline, Merck & Co, and Novartis. It compares the results of the companies from the past 5 FYE in relation to the financial ratios, industry economic indicators, company trends, business strengths and weaknesses, and management strategies.
Cia Hering reported its 3Q13 results with the following highlights:
- Gross revenues increased 12% to R$435 million driven by double-digit growth of its Hering and Hering Kids brands.
- EBITDA grew 10.8% to R$82.5 million and the EBITDA margin was stable at 22.8% despite higher profit sharing provisions.
- Net income increased 6.7% though margins were impacted by higher tax expenses.
- Cash flow was affected by a temporary increase in inventory as the company prepares to implement the second phase of its SAP system in 2014.
- The outlook notes a challenging business environment but evolution of the brand management structure and the
This document provides performance data and analysis for the Algorithm company over several time periods. It includes financial metrics such as sales, operating profit, net income, debt ratio, and earnings per share from 2015-2019. It also evaluates the company's current stock price compared to different price ranges and provides a stock purchasing strategy based on the analysis.
Earnings Release Presentation - Second Quarter 2010 (2Q10).MRVRI
MRV reported financial results for the second quarter of 2010, with net revenue increasing year-over-year to R$705.1 million and net income rising to R$188.9 million. The company launched 45 new projects totaling R$1.1 billion during the quarter and saw contracted sales grow to R$981.9 million. MRV also provided guidance for 2010 of contracted sales between R$3.7-4.3 billion and an EBITDA margin of 25-28%.
O documento apresenta os resultados financeiros da empresa no 3T17, com destaque para:
1) Receita bruta total de R$433,7 milhões, influenciada pelo desempenho de lojas próprias, webstores e mercado internacional.
2) Lucro líquido de R$51,9 milhões, impactado por menor receita financeira versus 3T16.
3) Geração de fluxo de caixa de R$27,9 milhões, similar ao 3T16, compensando maior investimento em capital de giro.
O documento apresenta os resultados financeiros da empresa no 2T17. Destaca o crescimento da receita bruta total de 8,3% em relação ao ano anterior, impulsionado pelo desempenho de multimarcas, lojas próprias e webstores. Apresenta também a melhora no EBITDA e lucro líquido, com expansão das margens, apesar da queda nas vendas nas lojas próprias. Por fim, discute as perspectivas conservadoras para o segundo semestre de 2017.
The document summarizes Cia. Hering's 2Q17 financial results. It reported gross revenues of R$481.4 million for the quarter, up 8.3% year-over-year. EBITDA was R$73.4 million, with a 190 basis point margin expansion. Net income increased 42.8% to R$88.0 million. The outlook notes that multibrand and franchisees orders for 3Q17 are more conservative, posing a challenge for revenue growth, but product and store initiatives remain priorities to support recovery over the year.
O documento apresenta os resultados financeiros da empresa no primeiro trimestre de 2017, com destaque para: crescimento de 3,4% na receita bruta total impulsionada pela recuperação das vendas nos canais multimarcas, lojas próprias e e-commerce; lucro líquido 29,2% maior devido à melhoria operacional e menor alíquota de imposto de renda; e geração de caixa de R$72,7 milhões.
This document summarizes Cia. Hering's 1Q17 earnings conference call. It reports that gross revenues were R$389 million, a 3.4% increase year-over-year. EBITDA was R$42.2 million, with a 130 basis point expansion in margin. Net income increased 29.2% to R$37.8 million. The company expects signs of economic recovery and improvements in products and stores to drive brand growth throughout 2017. The strategy focuses on evolving products and stores, including launching a new clothing line and updating store supply processes.
Cia Hering reported financial results for 4Q16 and full year 2016. Gross revenues declined 15.2% in 4Q16 and 8.1% for the full year. EBITDA declined 21% for the full year due to operational deleveraging and reversal of lawsuit gains. Net income declined 29.1% for the full year due to non-recurring tax effects recognized in 2015. The company expects a gradual economic recovery in 2017 but not yet materialized, and will focus on improving products, stores, e-commerce, and multibrand segments.
O documento apresenta os resultados financeiros da empresa no 4T16 e 2016. A receita bruta total foi de R$1,7 bilhão em 2016, influenciada negativamente pelo cenário macroeconômico. O lucro líquido foi de R$199,4 milhões em 2016, impactado por efeitos não recorrentes. A empresa gerou R$209,4 milhões de caixa livre no ano.
O documento descreve as atividades e estratégias da Cia. Hering ao longo de 2016, com foco nas marcas infantis PUC e Hering Kids, e na marca DZARM. As prioridades incluíram melhorias de produto, lojas e canais de venda, além de estudos sobre consumidores e segmentação do canal multimarcas.
1. In 2016, Cia. Hering executed key activities to navigate one of Brazil's biggest recessions, focusing on product and store strategic fronts.
2. Product improvements were made from High Summer onward in product lifecycle management and store refurbishment plans were implemented.
3. Looking ahead, Product and Store remain priorities, with initiatives to continue in 2017 related to both.
O documento apresenta os resultados financeiros da empresa no 3T16. A receita bruta total foi de R$412,8 milhões, influenciada negativamente pelo desempenho do canal multimarcas. O EBITDA foi de R$48,8 milhões, em queda de 11,1%, e o lucro líquido foi de R$57,5 milhões, redução de 41,2%. As vendas nas lojas próprias tiveram queda de 10,7% e a empresa segue com seu plano de reforma de lojas.
O documento apresenta os resultados financeiros da empresa no 2T16, com queda na receita bruta de 2,8% em relação ao ano anterior. Apresenta também as perspectivas para o ano, com foco nas frentes de produto e lojas para melhorar a experiência do cliente, apesar do cenário econômico desafiador.
The document summarizes the company's 2Q16 financial results. Gross revenue declined 2.8% to R$430.6 million due to weaker franchise and multibrand performance. EBITDA fell 7.8% to R$61.4 million due to lower sales and operational deleveraging. Net income was positively impacted by higher financial income and tax benefits. Cash flow increased significantly to R$85 million due to working capital reductions. For the outlook, challenges in revenue growth are expected in a recessionary economy, but economic recovery may help later in the year. Product and store initiatives aim to improve the shopping experience.
No primeiro trimestre de 2016, a empresa teve uma queda de 9,5% na receita bruta total em comparação com o mesmo período do ano anterior. O EBITDA caiu 22,6% devido ao aumento de despesas operacionais, principalmente indenizações trabalhistas. A geração de caixa livre foi de R$101,6 milhões, R$34,2 milhões a mais do que no primeiro trimestre de 2015, graças à menor necessidade de capital de giro.
The document summarizes 1Q16 financial results for Cia. Hering. Gross revenues were R$367 million, down 9.5% year-over-year. EBITDA was R$36.5 million, down 22.6%, impacted by severance payments. Net income declined due to lower operating income, partially offset by a lower tax rate. Cash flow was strong at R$101.6 million, up from the prior year. SAP implementation was completed on schedule. Outlook commentary discussed economic uncertainty, strategic initiatives, and protecting the balance sheet and earnings through cost controls and cash flow improvement.
O documento apresenta os resultados financeiros da empresa no 4T15 e no ano de 2015. A receita bruta total caiu 1,4% no 4T15 e 6% em 2015, influenciada pelo cenário macroeconômico desafiador. O lucro líquido caiu 42,5% em 2015, compensado parcialmente por melhor resultado financeiro e menor taxa de imposto de renda. A empresa também detalha seu plano de implementação do sistema SAP e perspectivas para 2016, com foco em retomada de crescimento de vendas.
Cia Hering reported financial results for 4Q15 and full year 2015. Revenues declined 1.4% in 4Q15 and 6% for the full year due to challenging economic conditions in Brazil. EBITDA fell 33.6% for the full year due to sales declines and higher promotional activity. The company will focus on revamping sales growth and refurbishing stores in 2016 while controlling expenses to protect margins and earnings in the difficult market environment.
The document outlines the agenda for Cia. Hering's Day 2015 event. It discusses progress made since 2013, including organizational model evolution focused on brands, relaunching of collection basics, and new fronts. The agenda includes sessions on channels, products and brands, PHSAP2 project, and financial management. It provides details on initiatives for the store network, multibrand, e-commerce, and individual brand strategies for Hering, Children's Fashion, and Hering For You. The goal is to drive sales growth through improved product, store management, supply, and multichannel distribution.
O documento resume os resultados financeiros da empresa no 3T15, destacando uma queda na receita bruta devido ao ambiente macroeconômico desfavorável. Apresenta também as perspectivas da empresa para focar no crescimento de vendas e recuperação de margens através de melhorias no sortimento, abastecimento e controle de custos, sem perder o foco em novas frentes de crescimento.
Cia. Hering 3Q15 earnings presentation Cia Hering RI
The document summarizes Cia. Hering's 3Q15 results conference call. It discusses gross revenues which were influenced by retail channel retraction. EBITDA declined 26.6% due to operational deleveraging and additional selling expenses. Net income increased 37.9% due to a non-recurring tax gain. Cash flow declined due to lower EBITDA generation and working capital erosion, partially offset by lower taxes. Priorities going forward include sales growth through improved assortment, supply and products while recovering margins through reductions in inventory, imports and promotions. Expenses will also be controlled while building new growth fronts.
The document outlines the agenda for Cia. Hering's Day 2015 event. It discusses progress made since 2013, including organizational model evolution focused on brands, relaunching of collection basics, and new fronts. The agenda includes sessions on channels, products and brands, PHSAP2 project, and financial management. It provides details on initiatives for the store network, multibrand, e-commerce, and individual brand strategies for Hering, Children's Fashion, and Hering For You. The goal is to drive sales growth through improved product, store management, supply, and multichannel distribution.
2. DISCLAIMER
This presentation contains
forward-looking statements
regarding the prospects of
the business, estimates for
operating and financial
results, and those regarding
Company’s business plan.
Such forward-looking
statements depend,
substantially, on changes in
market conditions,
government regulations,
2
results, and those regarding
Cia. Hering's growth
prospects. These are merely
projections and, as such, are
based exclusively on the
expectations of Cia. Hering
management concerning
the future of the business
and its continued access to
capital to fund the
government regulations,
competitive pressures, the
performance of the Brazilian
economy and the industry,
among other factors and
risks disclosed in Cia.
Hering’s filed disclosure
documents and are,
therefore, subject to change
without prior notice.
4. MAIN INDICATORSMAIN INDICATORSMAIN INDICATORSMAIN INDICATORS
GrossGrossGrossGross RevenueRevenueRevenueRevenue grew 36.3%36.3%36.3%36.3%, totaling R$ 287.3R$ 287.3R$ 287.3R$ 287.3 millionmillionmillionmillion
TwoTwoTwoTwo digitsdigitsdigitsdigits SalesSalesSalesSales growthgrowthgrowthgrowth inininin allallallall brandsbrandsbrandsbrands
33.6%33.6%33.6%33.6% ofofofof samesamesamesame----storestorestorestore salessalessalessales inininin thethethethe Hering Store chain
ReviewReviewReviewReview ofofofof thethethethe HSHSHSHS ExpansionExpansionExpansionExpansion planplanplanplan for 2010for 2010for 2010for 2010: from 325 to 337 stores (+12)
3Q103Q103Q103Q10 HighlightsHighlightsHighlightsHighlights
HS Expansion plan for 2012 (405 stores) antecipated for 2011.
EBITDAEBITDAEBITDAEBITDA MarginMarginMarginMargin of 24,5%24,5%24,5%24,5% and EBITDAEBITDAEBITDAEBITDA of R$ 57.7R$ 57.7R$ 57.7R$ 57.7 millionmillionmillionmillion (50.0% compared to 3Q09)
OTHER HIGHLIGHTSOTHER HIGHLIGHTSOTHER HIGHLIGHTSOTHER HIGHLIGHTS
SameSameSameSame Store SalesStore SalesStore SalesStore Sales ofofofof 13.8%13.8%13.8%13.8% in the PUC StorePUC StorePUC StorePUC Store chain
Results over the study of the Hering StoreHering StoreHering StoreHering Store chainchainchainchain PotentialPotentialPotentialPotential
Extraordinary General MeetingExtraordinary General MeetingExtraordinary General MeetingExtraordinary General Meeting to vote in the proposal of a stock splitproposal of a stock splitproposal of a stock splitproposal of a stock split, in the
proportion of two new share for each existing onetwo new share for each existing onetwo new share for each existing onetwo new share for each existing one./
4
8. 0
64
75
78
15
15
15
DistributionDistributionDistributionDistribution ChainChainChainChain---- Hering StoreHering StoreHering StoreHering Store andandandand PUCPUCPUCPUC
337337337337
393393393393
430430430430
StoreStoreStoreStore ChainChainChainChain EvolutionEvolutionEvolutionEvolution
Initial Goal
325 Stores0
3Q09 3Q10 2010*
258
303
337
Total Hering Store Total PUC Foreign - Franchised
* estimated
8
45 Hering45 Hering45 Hering45 Hering StoresStoresStoresStores and 11 PUC11 PUC11 PUC11 PUC StoresStoresStoresStores were opened compared to the
3Q09, and the Company revisedrevisedrevisedrevised its Heringits Heringits Heringits Hering StoreStoreStoreStore openingopeningopeningopening
planplanplanplan,,,, adding 12121212 storesstoresstoresstores to the initial plan.
325 Stores
9. Hering StoreHering StoreHering StoreHering Store ChainChainChainChain PerformancePerformancePerformancePerformance
Hering Store PerformanceHering Store PerformanceHering Store PerformanceHering Store Performance 3Q093Q093Q093Q09 3Q103Q103Q103Q10 ChgChgChgChg.... 9M099M099M099M09 9M109M109M109M10 ChgChgChgChg....
NumberNumberNumberNumber ofofofof StoresStoresStoresStores 258258258258 303303303303 17,4%17,4%17,4%17,4% 258258258258 303303303303 17,4%17,4%17,4%17,4%
Franchise 218 261 19,7% 218 261 19,7%
Owned 40 42 5,0% 40 42 5,0%
Sales (R$Sales (R$Sales (R$Sales (R$ thousandthousandthousandthousand)))) (1)(1)(1)(1)
128.595128.595128.595128.595 195.094195.094195.094195.094 51,7%51,7%51,7%51,7% 387.947387.947387.947387.947 559.618559.618559.618559.618 44,3%44,3%44,3%44,3%
Franchise 101.624 158.532 56,0% 308.832 453.329 46,8%
Owned 26.971 36.562 35,6% 79.115 106.288 34,3%
Same Store Sales growthSame Store Sales growthSame Store Sales growthSame Store Sales growth (2)(2)(2)(2)
20,86%20,86%20,86%20,86% 33,6%33,6%33,6%33,6% 12,8 p.p.12,8 p.p.12,8 p.p.12,8 p.p. 23,8%23,8%23,8%23,8% 26,8%26,8%26,8%26,8% 2,9 p.p.2,9 p.p.2,9 p.p.2,9 p.p.
SalesSalesSalesSales AreaAreaAreaArea ((((m²m²m²m²)))) 33.233 38.763 16,6% 33.233 38.763 16,6%
9
The SSSSSSSSSSSS of the Hering Store chain reached +33.6%+33.6%+33.6%+33.6% in the
3Q10, mainly boosted by the increase in the store traffic (+45.7%).(+45.7%).(+45.7%).(+45.7%).
SalesSalesSalesSales AreaAreaAreaArea ((((m²m²m²m²)))) 33.233 38.763 16,6% 33.233 38.763 16,6%
Sales (R$ perSales (R$ perSales (R$ perSales (R$ per m²m²m²m²)))) 3.956 5.163 30,5% 12.493 15.227 21,9%
CheckCheckCheckCheck----OutsOutsOutsOuts 1.507.785 2.196.420 45,7% 4.388.138 6.226.526 41,9%
UnitsUnitsUnitsUnits 3.428.509 4.925.048 43,6% 9.923.321 13.792.522 39,0%
UnitsUnitsUnitsUnits perperperper CheckCheckCheckCheck----OutOutOutOut 2,27 2,24 -1,3% 2,26 2,22 -1,8%
AverageAverageAverageAverage SalesSalesSalesSales PricePricePricePrice (R$)(R$)(R$)(R$) 37,51 39,61 5,6% 39,09 40,57 3,8%
AverageAverageAverageAverage Sales Ticket (R$)Sales Ticket (R$)Sales Ticket (R$)Sales Ticket (R$) 85,29 88,82 4,1% 88,41 89,88 1,7%
(1)
The amounts referred to the sales to final costumers. (sell out concept)
(2)
Compared to the same period of the previous year
10. 50.250.250.250.2%%%%
GrossGrossGrossGross ProfitProfitProfitProfit (R$(R$(R$(R$ MillionMillionMillionMillion)))) andandandand GrossGrossGrossGross MarginMarginMarginMargin (%)(%)(%)(%)
GrossGrossGrossGross ProfitProfitProfitProfit andandandand GrossGrossGrossGross MarginMarginMarginMargin
44.9%44.9%44.9%44.9%
47.8%47.8%47.8%47.8%
46.4%46.4%46.4%46.4%
49.7%49.7%49.7%49.7%
+2.9+2.9+2.9+2.9 p.pp.pp.pp.p....
+3.3+3.3+3.3+3.3 p.p.p.p.p.p.p.p.
47.5%47.5%47.5%47.5% 47.5%47.5%47.5%47.5%
48.8%48.8%48.8%48.8%
49.5%49.5%49.5%49.5%
0.00.00.00.0 p.pp.pp.pp.p....
+0.7+0.7+0.7+0.7 p.p.p.p.p.p.p.p.
34.034.034.034.0%%%%
3T09 3T10 9M09 9M10
83.4 111.8
217.0
325.9
10
Cash Gross MarginGross Margin
3Q09 3Q10
Growth of 0.7 p.p. in the GrossGrossGrossGross ProfitProfitProfitProfit CashCashCashCash compared to the
3T09, reaching 49.5 %49.5 %49.5 %49.5 % in this quarter.
11. 21.921.921.921.9%%%%
24.524.524.524.5%%%%
19.019.019.019.0%%%%
25.525.525.525.5%%%%
EBITDAEBITDAEBITDAEBITDA andandandand EBITDAEBITDAEBITDAEBITDA MarginMarginMarginMargin
EBITDA (REBITDA (REBITDA (REBITDA (R$$$$ millionmillionmillionmillion)))) andandandand EBITDAEBITDAEBITDAEBITDA marginmarginmarginmargin (%)(%)(%)(%)
+2.6 p.p....
+6.5 p.p.
89.8%89.8%89.8%89.8%
3Q09 3Q10 9M09 9M10
38.5 57.7
91.8
174.2
11
EBITDA Margin
50.0%50.0%50.0%50.0%
89.8%89.8%89.8%89.8%
The EBITDAEBITDAEBITDAEBITDA reached R$ 57.7 milhões,R$ 57.7 milhões,R$ 57.7 milhões,R$ 57.7 milhões, with 50.0%50.0%50.0%50.0% growth ih the 3Q10
and an EBITDAEBITDAEBITDAEBITDA marginmarginmarginmargin of 24.5% (+2.624.5% (+2.624.5% (+2.624.5% (+2.6 p.p.p.p.p.p.p.p.).).).).
12. 0,1% 0,9% 0.3% 0.3%
2.4%
14.0
0,2 1,8 1,3 0,8
5,8
EBITDAEBITDAEBITDAEBITDA andandandand EBITDAEBITDAEBITDAEBITDA MarginMarginMarginMargin ((((contcontcontcont.).).).)
EBITDA (R$EBITDA (R$EBITDA (R$EBITDA (R$ millionmillionmillionmillion)))) andandandand EBITDAEBITDAEBITDAEBITDA MarginMarginMarginMargin (%)(%)(%)(%) –––– QuarterQuarterQuarterQuarter VariationVariationVariationVariation
EBITDA
Margin 3Q09
Deductions Tax
Incentives
AVP Net Gross
Margin (ex TI
and ded)
SG&A
Dilution
EBITDA
Margin 3Q10
21.9% 24.%
EBITDA
3Q09
Sales
Growth
Deductions Tax
Incentives
AVP Net Gross
Margin (ex
TI and ded)
SG&A
Dilution
EBITDA
3Q10
38.5
57.7
12
The EBITDAEBITDAEBITDAEBITDA and the EBITDAEBITDAEBITDAEBITDA MarginMarginMarginMargin were affected by the salessalessalessales
growthgrowthgrowthgrowth andandandand thethethethe dilutiondilutiondilutiondilution ofofofof operationaloperationaloperationaloperational expensesexpensesexpensesexpenses....
13. 13.113.113.113.1%%%% 14.214.214.214.2%%%% 13.713.713.713.7%%%% 15.515.515.515.5%%%%
NetNetNetNet ProfitProfitProfitProfit
1.21.21.21.2 p.p.p.p.p.p.p.p.
NetNetNetNet ProfitProfitProfitProfit (R(R(R(R$$$$ millionmillionmillionmillion)))) andandandand NetNetNetNet MarginMarginMarginMargin (%)(%)(%)(%)
1.81.81.81.8 p.pp.pp.pp.p....
60.2%60.2%60.2%60.2%
3T09 3T10 9M09 9M10
23.0 33.5
66.1
106.0
13
67,9%67,9%67,9%67,9%
45.8%45.8%45.8%45.8%
The Net Profit growth of 45.8%45.8%45.8%45.8% in the 3Q10 was explained by the operatingoperatingoperatingoperating
performanceperformanceperformanceperformance and by the reduction of the effective income tax (IR)income tax (IR)income tax (IR)income tax (IR) and
social contribution on net profit (CSSL)social contribution on net profit (CSSL)social contribution on net profit (CSSL)social contribution on net profit (CSSL) compared to the 3Q09.
.
Net Margin
3Q10
14. 53.353.353.353.3
52,5%52,5%52,5%52,5%
126,8%126,8%126,8%126,8%
3,5
1,6
9,4
CapExCapExCapExCapEx
From R$ 58.7 toR$ 58.7 toR$ 58.7 toR$ 58.7 to R$ 86.7R$ 86.7R$ 86.7R$ 86.7 millionmillionmillionmillion
ByByByBy ActivityActivityActivityActivity (R$(R$(R$(R$ millionmillionmillionmillion)))) CapExCapExCapExCapEx RevisionRevisionRevisionRevision for 2010for 2010for 2010for 2010
CapExCapExCapExCapEx 2010201020102010
CapExCapExCapExCapEx 2010201020102010
ReviewReviewReviewReview
Stores 20.0 27.4
12.212.212.212.2
18.618.618.618.6
23.523.523.523.5
3Q09 3Q10 9M09 9M10
6.3
14.9
10.6
37.0
1,3 1,9
3,40,5
0,6
0,84,1 1,2
8,8
Industry IT Other Stores
14
Stores 20.0 27.4
Industry 28.1 48.2
IT/Others 10.6 11.1
TotalTotalTotalTotal 58.758.758.758.7 86.786.786.786.7
In R$ million
In this quarter R$ 18.6R$ 18.6R$ 18.6R$ 18.6 millionmillionmillionmillion were invested, of which R$ 14.9R$ 14.9R$ 14.9R$ 14.9 millionmillionmillionmillion
inininin thethethethe industryindustryindustryindustry areaareaareaarea, mainly to thethethethe expansionexpansionexpansionexpansion andandandand updateupdateupdateupdate ofofofof thethethethe
productionproductionproductionproduction unitsunitsunitsunits andandandand to meet the market demand.
18. HeringHeringHeringHering
• Hering Store Expansion
– 2010 – 12 HS were added to the initial plan, reaching 337 stores at the end of the year.
– Anticipation of the expansion plan for 2012 (405 stores) already for the end of 2011
• Continue to explore the brand´s growth potential
ChildrenChildrenChildrenChildren MarketMarketMarketMarket withwithwithwith opportunitiesopportunitiesopportunitiesopportunities totototo bebebebe exploredexploredexploredexplored::::
• Launch of the flagship pilot project for the Hering Kids and Hering Kids + PUC
• Positive perspectives for the multibrand retail after the launch of the High Summer
OutlooksOutlooksOutlooksOutlooks
• Positive perspectives for the multibrand retail after the launch of the High Summer
collection
• Adjustments in the product assortment and price ranges, allied to investments in the
marketing campaigns.
dzarmdzarmdzarmdzarm....
• Launch of the brand pilot store in the 4T10.
WebstoreWebstoreWebstoreWebstore::::
• Reevaluate the online business format in order to better explore the potential of this
channel.
18
19. INVESTOR RELATION TEAMINVESTOR RELATION TEAMINVESTOR RELATION TEAMINVESTOR RELATION TEAM
Fabio HeringFabio HeringFabio HeringFabio Hering - President
Frederico OldaniFrederico OldaniFrederico OldaniFrederico Oldani – Finance and IR Director
Karina KoerichKarina KoerichKarina KoerichKarina Koerich – IR Manager
Gracila Camargo LopesGracila Camargo LopesGracila Camargo LopesGracila Camargo Lopes – IR Analyst
Admar A. Topazio JuniorAdmar A. Topazio JuniorAdmar A. Topazio JuniorAdmar A. Topazio Junior – IR Analyst
FIRB – Financial Investor Relations Brasil
Tel. +55 (11) 3897-6857
E-mail: ligia.montagnani@firb.com
Tel. +55 (47) 3321-3469
E-mail: ri@heringnet.com.br
Website: www.ciahering.com.br/ir