The document summarizes Cia. Hering's 2Q10 conference call. Some key highlights include gross revenue growing 46.5% to R$306.7 million and EBITDA margin reaching 27.4% at R$69.3 million. The company plans to expand its Hering store chain to 325 stores by end of 2010. Cia. Hering also revised its 2010 capex forecast upwards to R$86.7 million to meet market demands. The outlook projects further growth in total sales and same-store sales for Hering stores, as well as expanding into the children's market.
The document summarizes the company's 2Q11 conference call. It reported strong revenue growth of 37.9% compared to 2Q10, with double-digit sales increases across all brands. EBITDA grew 41.2% with margins expanding 0.8 percentage points. Net profit increased 80.8% compared to 2Q10. The company opened 83 new stores since 2Q10. Same-store sales grew 16.3% driven by increased traffic and higher average sales prices. Capex increased significantly due to investments in stores, IT and industrial projects. Cash flow was positively impacted by EBITDA growth despite higher working capital needs.
This document summarizes a conference call discussing the financial results of Cia. Hering for the fourth quarter and full year of 2010. Some key highlights include:
- Gross sales grew 41.6% in 4Q10 and 40.8% for the full year. All brands experienced double-digit sales growth.
- EBITDA was R$276.5 million for 2010 with a margin of 27.3%, up from 21.4% the previous year.
- Net profit grew 101.6% in 4Q10 and 54.2% for the year due to improved operations and lower taxes.
- The Hering store chain opened 10 more stores than planned, ending 2010
Hering reported its 3Q12 results. Key highlights included:
- Gross revenue increased 0.5% to R$388.4 million.
- EBITDA was R$74.4 million with a margin of 23.0%, down from 27.6% in 3Q11.
- Net income was R$54.6 million, down from R$63.7 million in 3Q11.
- The Hering store chain grew by 16 stores and sales increased 17.8% to R$303 million.
- Capex was R$19.9 million as the company opened new
- Hering reported strong financial results for 1Q12, with gross revenue up 15.7% and net profit increasing 37.6% year-over-year.
- Double-digit sales growth was achieved for the Hering, Hering Kids and PUC brands.
- The number of Hering stores increased to 437, with 87 new openings since 1Q11.
- EBITDA was R$90.0 million, with an EBITDA margin of 27.5%.
- Management expects continued challenges in the market but
The document discusses the fast-moving consumer goods (FMCG) sector in India. It notes that FMCG is the fourth largest sector in the Indian economy, with a total market size of about $17.6 billion. Food and beverages account for 43% of the FMCG market, while personal care accounts for 23%. Major players in the FMCG sector include Hindustan Unilever Limited, ITC Limited, Nestle India, Dabur India, and Britannia Industries. The Indian government recognizes the food processing and agro industries as priority sectors. Rural India represents a significant growth opportunity for FMCG companies.
Hering reported strong financial results for 4Q11 and FY2011, with gross revenue growth of 22.6% and 33.4% respectively. EBITDA margin expanded 1.9 percentage points to 29.1% for the full year due to operating leverage and cost controls. The company sees positive prospects for 2012 despite a more challenging short-term scenario, and will focus on organic brand growth, cost reductions, and expanding its Hering Kids and store networks.
The document summarizes Cia. Hering's 2Q10 conference call. Some key highlights include gross revenue growing 46.5% to R$306.7 million and EBITDA margin reaching 27.4% at R$69.3 million. The company plans to expand its Hering store chain to 325 stores by end of 2010. Cia. Hering also revised its 2010 capex forecast upwards to R$86.7 million to meet market demands. The outlook projects further growth in total sales and same-store sales for Hering stores, as well as expanding into the children's market.
The document summarizes the company's 2Q11 conference call. It reported strong revenue growth of 37.9% compared to 2Q10, with double-digit sales increases across all brands. EBITDA grew 41.2% with margins expanding 0.8 percentage points. Net profit increased 80.8% compared to 2Q10. The company opened 83 new stores since 2Q10. Same-store sales grew 16.3% driven by increased traffic and higher average sales prices. Capex increased significantly due to investments in stores, IT and industrial projects. Cash flow was positively impacted by EBITDA growth despite higher working capital needs.
This document summarizes a conference call discussing the financial results of Cia. Hering for the fourth quarter and full year of 2010. Some key highlights include:
- Gross sales grew 41.6% in 4Q10 and 40.8% for the full year. All brands experienced double-digit sales growth.
- EBITDA was R$276.5 million for 2010 with a margin of 27.3%, up from 21.4% the previous year.
- Net profit grew 101.6% in 4Q10 and 54.2% for the year due to improved operations and lower taxes.
- The Hering store chain opened 10 more stores than planned, ending 2010
Hering reported its 3Q12 results. Key highlights included:
- Gross revenue increased 0.5% to R$388.4 million.
- EBITDA was R$74.4 million with a margin of 23.0%, down from 27.6% in 3Q11.
- Net income was R$54.6 million, down from R$63.7 million in 3Q11.
- The Hering store chain grew by 16 stores and sales increased 17.8% to R$303 million.
- Capex was R$19.9 million as the company opened new
- Hering reported strong financial results for 1Q12, with gross revenue up 15.7% and net profit increasing 37.6% year-over-year.
- Double-digit sales growth was achieved for the Hering, Hering Kids and PUC brands.
- The number of Hering stores increased to 437, with 87 new openings since 1Q11.
- EBITDA was R$90.0 million, with an EBITDA margin of 27.5%.
- Management expects continued challenges in the market but
The document discusses the fast-moving consumer goods (FMCG) sector in India. It notes that FMCG is the fourth largest sector in the Indian economy, with a total market size of about $17.6 billion. Food and beverages account for 43% of the FMCG market, while personal care accounts for 23%. Major players in the FMCG sector include Hindustan Unilever Limited, ITC Limited, Nestle India, Dabur India, and Britannia Industries. The Indian government recognizes the food processing and agro industries as priority sectors. Rural India represents a significant growth opportunity for FMCG companies.
Hering reported strong financial results for 4Q11 and FY2011, with gross revenue growth of 22.6% and 33.4% respectively. EBITDA margin expanded 1.9 percentage points to 29.1% for the full year due to operating leverage and cost controls. The company sees positive prospects for 2012 despite a more challenging short-term scenario, and will focus on organic brand growth, cost reductions, and expanding its Hering Kids and store networks.
- Sales growth and same store sales growth exceeded market averages in 3Q11
- Internet sales and innovation initiatives like "Magazine You" performed well
- Lojas Maia and integration of acquired stores like Baú showed strong results
- Store count and credit card base continued to expand organically and through M&A
- Adjusted EBITDA margin was 5.7%, with solid financial performance overall
This document summarizes the financial performance of Technos S.A. and its subsidiaries for 3Q11 and 9M11. Key highlights include:
- Net revenue increased 16.6% to R$53.4 million in 3Q11 and increased 32.7% to R$172.6 million in 9M11.
- Adjusted net income increased 69.8% to R$14.8 million in 3Q11, while adjusted earnings per share increased 43.3%.
- The company had a net cash position of R$56.9 million at the end of 3Q11 following proceeds from its IPO and repayment of bank debts.
1. Multiplus saw significant increases in points issued and redeemed in 1Q11 compared to 1Q10 and 4Q10, while breakage rates remained stable.
2. Financial highlights included a 47.6% increase in gross billings and a 493.3% increase in net revenue compared to 1Q10. Adjusted EBITDA grew 54.6% versus 1Q10.
3. Net income increased 847.8% year-over-year to R$70.9 million, with margins of 29.3%, as Multiplus continued expanding its coalition partnerships network.
Avery Dennison reported its third quarter 2008 results. Revenue increased 3% to $1.72 billion due to currency effects, but organic revenue declined 2% due to slowing economic conditions. Operating income declined 6% to $96 million due to margin pressure from rising raw material costs outpacing price increases. For 2008, the company lowered its earnings guidance to $2.65-2.85 per share due to further weakening expected in Q4 from inventory reductions and economic uncertainty. It expects record free cash flow of $375 million despite the challenges.
1) Magazine Luiza reported strong sales growth in the second quarter of 2011, with total gross revenue increasing 44.5% compared to the same period last year. Same-store sales growth was 31.9% and internet sales increased 48.3%.
2) The number of stores increased to 613 as of the end of the second quarter, up 34.4% from the previous year, including new conventional, extended, and virtual stores.
3) Consolidated EBITDA grew 19% compared to the second quarter of 2010, reaching R$156 million, with an EBITDA margin of 5.4%. Financial expenses increased due to higher interest rates and the acquisition of Lojas Maia.
The document is an interim report from Cosway Corporation Limited that summarizes the company's financial results and operations for the first half of its 2011 fiscal year. It states that the company's revenue increased 41.3% compared to the same period last year due to higher growth across most of its markets. Gross profit also rose 43.7% year-over-year. However, the company incurred interest costs related to convertible securities and share-based payment expenses, which reduced net income growth to 23.6% for the period excluding those items. The company also noted costs related to expanding into the US and Japanese markets.
1) Whirlpool Corporation saw declines in sales, units shipped, and operating profit in Q4 2008 compared to Q4 2007, with net sales down 19% and operating profit down nearly 97%.
2) For the full year 2008, Whirlpool's sales and earnings were also down compared to 2007, with units shipped down 5.1% and earnings from continuing operations down 35.3%.
3) Whirlpool's North America segment experienced the largest declines, with Q4 net sales down nearly 18% and operating profit down over 111% compared to the previous year.
Avery Dennison reported its second quarter 2008 results. Revenue increased 20% year-over-year to $1.8 billion due to acquisitions, though organic revenue declined 1%. Net income increased 7% to $92.4 million. However, the company reduced its full year 2008 guidance due to significantly higher expected raw material costs and weaker global economic conditions. It now expects earnings per share of $3.35-$3.55, down from a prior estimate, but above $3.75-$3.95 excluding restructuring charges. The company will focus on price increases and productivity to offset inflation in the face of challenging market conditions.
- Baxter reported financial results for the second quarter and first half of 2005, with net sales increasing 8% for both periods compared to the prior year. Gross profit and operating income increased significantly due to special charges in the prior year that did not recur.
- Adjusted earnings figures, which exclude special items, showed higher operating income, net income, and EPS for both periods compared to the prior year.
- Cash flows from continuing operations for the quarter and first half of 2005 were positive. Net debt decreased from the beginning of the year due to positive cash flows, partially offset by capital expenditures, dividends, and other items.
Eagle Materials Inc. reported financial results for the fourth quarter and fiscal year 2009. Revenues declined 25% to $108.9 million for the quarter and 20% to $602.2 million for the fiscal year. However, operating earnings increased 11% to $20.4 million for the quarter due to lower costs, despite a 41% decline to $108 million for the fiscal year. Earnings per share increased 129% to $0.16 for the quarter but declined 55% to $0.95 for the fiscal year. Wallboard and cement revenues and operating earnings declined for both periods compared to the prior year. Cash flow from operations declined 47% for the fiscal year.
Localiza reported strong financial results for the first quarter of 2007, with net income increasing 53.4% compared to the first quarter of 2006. EBITDA from car rentals increased 14.9 million or 30% due to growth in revenue and margins. Overall market share increased to 20.5% as Localiza grew revenues at a rate 2.9 times faster than the overall car rental market between 2004-2006. Cash generation was robust at R$228.5 million after adjusting for a reduction in debt from automakers. Fleet size continued to grow significantly with a net investment of R$242 million and over 10,000 additional cars.
Ideiasnet reported financial results for 4Q08 and full year 2008. 4Q08 gross revenue grew 9.8% and net revenue grew 11.7% over 4Q07. EBITDA grew 95.2% in 4Q08 and 33% for the full year. Net income declined 42% in 4Q08 and 63% for the full year due to negative foreign exchange impacts. The portfolio companies Officer, Softcorp, and Spring Wireless saw revenue and EBITDA growth in 4Q08 and 2008, while Padtec and iMusica experienced strong revenue growth.
This document provides an overview of TIM Participacoes S.A.'s operational results for 4Q08 compared to previous periods. Some key highlights include:
- Total subscriber lines grew 3.4% quarter-over-quarter and 16.5% year-over-year to 36.4 million lines.
- Prepaid lines increased 5.1% quarter-over-quarter and 21.8% year-over-year while postpaid lines decreased 3.7% quarter-over-quarter and 3.0% year-over-year.
- Market share declined slightly to 24.2% while the total wireless subscriber base in Brazil grew over 24.5% year-over-year.
1) Contracted sales were R$76.7 million in 1Q10, up 220% from 1Q09. Revenues to be recognized are R$186.3 million with results of R$55.4 million and a margin of 29.8%.
2) Deliveries totaled R$87 million in 1Q10 with another R$105 million scheduled for 2Q10. The company intends to deliver R$782.8 million in PSV by the end of 2010, representing 77% of total launches.
3) The balance sheet shows improved liquidity with cash of R$187.6 million and a stronger debt profile, with net debt to equity excluding SFH loans at 3
- Sales volume grew 15.3% YoY and 3.2% QoQ to 22.7 thousand tons in 3Q11. The company's US production plant generated positive EBITDA and net income.
- Net revenue increased 22.4% YoY and 12.5% QoQ to R$142.7 million in 3Q11 due to price realignments and the new US production line.
- Adjusted EBITDA rose 9.0% YoY and 81.4% QoQ to R$32.8 million in 3Q11, driven by higher sales volume, margin recovery, and foreign exchange impacts.
CR2 had a strong first half of 2008 with total launches of R$217.6 million, up 319% year-over-year. The focus remained on the low-income segment, making up 79% of launched PSV. Contracted sales totaled R$221 million, up 158% year-over-year. The sales speed for launches in 1H08 was 72.3%. Results to be recognized were R$98.2 million with a margin of 29.6%. The land bank contained over 10,000 units with a focus on Rio de Janeiro and Sao Paulo metropolitan areas.
Raytheon Reports 2008 Third Quarter Resultsfinance12
Raytheon reported third quarter 2008 earnings. Sales increased 12% to $5.9 billion and operating income rose 19% to $680 million. Earnings per share increased 17% to $1.01. Strong bookings of $5.8 billion resulted in a backlog of $37.0 billion. Raytheon increased full-year 2008 guidance for sales, earnings per share, and return on invested capital.
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.
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 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.
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.
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.
- Sales growth and same store sales growth exceeded market averages in 3Q11
- Internet sales and innovation initiatives like "Magazine You" performed well
- Lojas Maia and integration of acquired stores like Baú showed strong results
- Store count and credit card base continued to expand organically and through M&A
- Adjusted EBITDA margin was 5.7%, with solid financial performance overall
This document summarizes the financial performance of Technos S.A. and its subsidiaries for 3Q11 and 9M11. Key highlights include:
- Net revenue increased 16.6% to R$53.4 million in 3Q11 and increased 32.7% to R$172.6 million in 9M11.
- Adjusted net income increased 69.8% to R$14.8 million in 3Q11, while adjusted earnings per share increased 43.3%.
- The company had a net cash position of R$56.9 million at the end of 3Q11 following proceeds from its IPO and repayment of bank debts.
1. Multiplus saw significant increases in points issued and redeemed in 1Q11 compared to 1Q10 and 4Q10, while breakage rates remained stable.
2. Financial highlights included a 47.6% increase in gross billings and a 493.3% increase in net revenue compared to 1Q10. Adjusted EBITDA grew 54.6% versus 1Q10.
3. Net income increased 847.8% year-over-year to R$70.9 million, with margins of 29.3%, as Multiplus continued expanding its coalition partnerships network.
Avery Dennison reported its third quarter 2008 results. Revenue increased 3% to $1.72 billion due to currency effects, but organic revenue declined 2% due to slowing economic conditions. Operating income declined 6% to $96 million due to margin pressure from rising raw material costs outpacing price increases. For 2008, the company lowered its earnings guidance to $2.65-2.85 per share due to further weakening expected in Q4 from inventory reductions and economic uncertainty. It expects record free cash flow of $375 million despite the challenges.
1) Magazine Luiza reported strong sales growth in the second quarter of 2011, with total gross revenue increasing 44.5% compared to the same period last year. Same-store sales growth was 31.9% and internet sales increased 48.3%.
2) The number of stores increased to 613 as of the end of the second quarter, up 34.4% from the previous year, including new conventional, extended, and virtual stores.
3) Consolidated EBITDA grew 19% compared to the second quarter of 2010, reaching R$156 million, with an EBITDA margin of 5.4%. Financial expenses increased due to higher interest rates and the acquisition of Lojas Maia.
The document is an interim report from Cosway Corporation Limited that summarizes the company's financial results and operations for the first half of its 2011 fiscal year. It states that the company's revenue increased 41.3% compared to the same period last year due to higher growth across most of its markets. Gross profit also rose 43.7% year-over-year. However, the company incurred interest costs related to convertible securities and share-based payment expenses, which reduced net income growth to 23.6% for the period excluding those items. The company also noted costs related to expanding into the US and Japanese markets.
1) Whirlpool Corporation saw declines in sales, units shipped, and operating profit in Q4 2008 compared to Q4 2007, with net sales down 19% and operating profit down nearly 97%.
2) For the full year 2008, Whirlpool's sales and earnings were also down compared to 2007, with units shipped down 5.1% and earnings from continuing operations down 35.3%.
3) Whirlpool's North America segment experienced the largest declines, with Q4 net sales down nearly 18% and operating profit down over 111% compared to the previous year.
Avery Dennison reported its second quarter 2008 results. Revenue increased 20% year-over-year to $1.8 billion due to acquisitions, though organic revenue declined 1%. Net income increased 7% to $92.4 million. However, the company reduced its full year 2008 guidance due to significantly higher expected raw material costs and weaker global economic conditions. It now expects earnings per share of $3.35-$3.55, down from a prior estimate, but above $3.75-$3.95 excluding restructuring charges. The company will focus on price increases and productivity to offset inflation in the face of challenging market conditions.
- Baxter reported financial results for the second quarter and first half of 2005, with net sales increasing 8% for both periods compared to the prior year. Gross profit and operating income increased significantly due to special charges in the prior year that did not recur.
- Adjusted earnings figures, which exclude special items, showed higher operating income, net income, and EPS for both periods compared to the prior year.
- Cash flows from continuing operations for the quarter and first half of 2005 were positive. Net debt decreased from the beginning of the year due to positive cash flows, partially offset by capital expenditures, dividends, and other items.
Eagle Materials Inc. reported financial results for the fourth quarter and fiscal year 2009. Revenues declined 25% to $108.9 million for the quarter and 20% to $602.2 million for the fiscal year. However, operating earnings increased 11% to $20.4 million for the quarter due to lower costs, despite a 41% decline to $108 million for the fiscal year. Earnings per share increased 129% to $0.16 for the quarter but declined 55% to $0.95 for the fiscal year. Wallboard and cement revenues and operating earnings declined for both periods compared to the prior year. Cash flow from operations declined 47% for the fiscal year.
Localiza reported strong financial results for the first quarter of 2007, with net income increasing 53.4% compared to the first quarter of 2006. EBITDA from car rentals increased 14.9 million or 30% due to growth in revenue and margins. Overall market share increased to 20.5% as Localiza grew revenues at a rate 2.9 times faster than the overall car rental market between 2004-2006. Cash generation was robust at R$228.5 million after adjusting for a reduction in debt from automakers. Fleet size continued to grow significantly with a net investment of R$242 million and over 10,000 additional cars.
Ideiasnet reported financial results for 4Q08 and full year 2008. 4Q08 gross revenue grew 9.8% and net revenue grew 11.7% over 4Q07. EBITDA grew 95.2% in 4Q08 and 33% for the full year. Net income declined 42% in 4Q08 and 63% for the full year due to negative foreign exchange impacts. The portfolio companies Officer, Softcorp, and Spring Wireless saw revenue and EBITDA growth in 4Q08 and 2008, while Padtec and iMusica experienced strong revenue growth.
This document provides an overview of TIM Participacoes S.A.'s operational results for 4Q08 compared to previous periods. Some key highlights include:
- Total subscriber lines grew 3.4% quarter-over-quarter and 16.5% year-over-year to 36.4 million lines.
- Prepaid lines increased 5.1% quarter-over-quarter and 21.8% year-over-year while postpaid lines decreased 3.7% quarter-over-quarter and 3.0% year-over-year.
- Market share declined slightly to 24.2% while the total wireless subscriber base in Brazil grew over 24.5% year-over-year.
1) Contracted sales were R$76.7 million in 1Q10, up 220% from 1Q09. Revenues to be recognized are R$186.3 million with results of R$55.4 million and a margin of 29.8%.
2) Deliveries totaled R$87 million in 1Q10 with another R$105 million scheduled for 2Q10. The company intends to deliver R$782.8 million in PSV by the end of 2010, representing 77% of total launches.
3) The balance sheet shows improved liquidity with cash of R$187.6 million and a stronger debt profile, with net debt to equity excluding SFH loans at 3
- Sales volume grew 15.3% YoY and 3.2% QoQ to 22.7 thousand tons in 3Q11. The company's US production plant generated positive EBITDA and net income.
- Net revenue increased 22.4% YoY and 12.5% QoQ to R$142.7 million in 3Q11 due to price realignments and the new US production line.
- Adjusted EBITDA rose 9.0% YoY and 81.4% QoQ to R$32.8 million in 3Q11, driven by higher sales volume, margin recovery, and foreign exchange impacts.
CR2 had a strong first half of 2008 with total launches of R$217.6 million, up 319% year-over-year. The focus remained on the low-income segment, making up 79% of launched PSV. Contracted sales totaled R$221 million, up 158% year-over-year. The sales speed for launches in 1H08 was 72.3%. Results to be recognized were R$98.2 million with a margin of 29.6%. The land bank contained over 10,000 units with a focus on Rio de Janeiro and Sao Paulo metropolitan areas.
Raytheon Reports 2008 Third Quarter Resultsfinance12
Raytheon reported third quarter 2008 earnings. Sales increased 12% to $5.9 billion and operating income rose 19% to $680 million. Earnings per share increased 17% to $1.01. Strong bookings of $5.8 billion resulted in a backlog of $37.0 billion. Raytheon increased full-year 2008 guidance for sales, earnings per share, and return on invested capital.
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.
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 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.
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.
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.
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.
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.
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.
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In 3 sentences:
1) Hering reported strong 3Q11 results with 34.6% revenue growth and EBITDA margin expansion of 3.2 percentage points to 27.7%.
2) Same-store sales growth for Hering Stores slowed to 9.0% due to higher average sales ticket, while the store count increased by 89 stores year-over-year.
3) Management expects continued growth for the Hering brand and children's lines, along with margin expansion in 4Q11 from lower costs and operating leverage.
1. Cia. Hering reported strong growth in 1Q11, with gross sales up 44.8% and net profit increasing 73.7%.
2. Same store sales in the Hering store chain grew 23.4% due to increases in average sales price and store traffic.
3. Despite pressure from rising raw material costs, EBITDA margin expanded 2.6 percentage points to 26.8% through operational leverage and expense management.
1) Hering reported strong financial results in 2009 with total gross revenue increasing 39.4% and EBITDA growing 71.9% to R$154 million.
2) The company expanded its store network opening 46 Hering Stores and 15 PUC Stores in 2009.
3) Same-store sales increased 27.2% in 2009 and 32.6% in the fourth quarter driven by increased store traffic.
4) Gross margins improved with the gross margin excluding depreciation reaching 53.1% in the fourth quarter.
5) The company outlined plans to further expand the Hering Store network to 405 stores by 2012 focused on
The document provides a summary of CCR's current portfolio and financial results for 3Q08. It discusses the company's operating highlights, including traffic growth and revenue increases. It also covers CCR's indebtedness levels, CAPEX schedule, and provides an overview of each concession. The presentation aims to inform investors about CCR's business performance and outlook.
The document summarizes Profarma's financial and operational highlights for 3Q08. Key points include:
- 12.3% growth in gross revenue compared to 3Q07, reaching R$784 million, driven by strong hospital and vaccine sales.
- Reduced cash cycle by 6 days, generating R$40 million in working capital savings.
- Lower operating expenses of 7.0% of net revenue, the best since 2004, through a 12.5% reduction versus prior quarter.
- Market share reached 12.1%, up from 11.8% in 3Q07, demonstrating continued growth since the 2006 IPO.
- Profarma saw a 12.3% growth in consolidated gross revenue compared to the same period last year, reaching R$784 million, with strong growth in hospitals and vaccines.
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- Cash cycle was reduced by about six days, generating R$40 million in working capital reduction.
EDP Energias do Brasil reported its 2Q09 results. Key highlights include: 4%
- EBITDA of R$344 million and net income of R$213 million
- Energy volume sold by generation business up 29% year-over-year 18%
- Unveiling of full commercial operations at Santa Fé SHP
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- Manageable expenses down 12% for the sixth quarter in a row
- Approval and signature of long-term financing for Pecém I project
Bonds
BNDES/IDB
The presentation provides financial and operational details on EDP
CR2 held a 2Q08 conference call to discuss financial results and business updates. Key highlights included:
- Total launches of R$217.6 million with a focus on the low-income segment.
- Contracted sales of R$221 million, with a sales speed of 72.3% for 1H08 launches.
- Net revenues increased 662% year-over-year to R$85 million.
- Net profit increased 510% year-over-year to R$28 million.
- The company has an extensive land bank that will support future launches.
- Operating expenses declined as a percentage of revenues and launches compared to prior periods.
Profarma's market share reached a record 12.0% in 3Q07, with gross revenues growing 31.9% to R$698.2 million compared to 3Q06. Net earnings increased 94.9% to R$8.2 million due to strong sales growth across branded, generic, and OTC products. Adjusted EBITDA was R$21.6 million for 3Q07, a 12.9% increase over 3Q06, demonstrating improved profitability.
Profarma's market share reached a record 12.0% in 3Q07, with gross revenues growing 31.9% to R$698.2 million compared to 3Q06. Net earnings increased 94.9% to R$8.2 million in 3Q07 versus the same period last year. Adjusted EBITDA was R$21.6 million in 3Q07, representing growth of 12.9% over 3Q06, as the company's operations and financial metrics improved across key areas.
- The company reported strong financial and operational results for 2Q11, with launches up 37% and contracted sales up 29% compared to 2Q10.
- Net revenue increased 12% year-over-year, while adjusted EBITDA declined 18% due to lower margins.
- Recent developments included the appointment of a new CEO and CFO, as well as a R$170 million securitization of receivables.
- Alphaville was highlighted as a major growth driver through new brand extensions and focus on large urban developments.
1) The document reports the financial highlights of Forjas Taurus for the first semester of 2011. Net income increased 2.7% to R$318.4 million compared to the first semester of 2010.
2) The helmets for motorcycle riders segment saw a 29.4% increase in net income compared to the first semester of 2010 and represented 17.8% of total consolidated net income.
3) Gross profit decreased 12.7% to R$119.8 million in the first semester of 2011 compared to R$137.2 million in the same period in 2010, influenced by currency appreciation and increases in production costs.
This document contains an analysis of Activision Blizzard using a discounted cash flow valuation model. It projects revenue, costs, earnings, and cash flows for Activision Blizzard through 2013 and estimates a terminal value and enterprise value of $18.1 billion. This results in a projected share price of $13.87, higher than the current price of $10.87. The analysis assumes long-term revenue growth rates of 10% for product sales and subscriptions. A terminal growth rate of 5% and discount rate of 8.18% are used to calculate the terminal and net present values.
This earnings release from Profarma highlights their financial results for the second quarter of 2007, including revenue growth of 29.2% and net profit growth of 134.5%. A key event was the acquisition of Dimper's assets in Rio Grande do Sul for R$13.1 million, expanding their market share. Adjusted EBITDA grew 16.8% and their new Ceará branch achieved 5.9% market share, contributing to continued financial performance.
The document reports on Profarma's financial results for the second quarter of 2007, highlighting revenue growth of 29.2% compared to the same period last year, driven by an acquisition. Adjusted EBITDA grew 16.8% to R$19.7 million in 2Q07. Profarma also saw increases in market share, gross profit margin, and operating expenses as a percentage of net revenue compared to prior periods.
The document summarizes financial highlights from WEG's 4Q12 conference call. It shows that for full year 2012, WEG achieved net operating revenue of R$6.17 billion, a 19% increase over 2011. Gross operating profit grew 21% to R$1.88 billion while net income increased 12% to R$656 million. EBITDA grew 19% to R$1.05 billion. For 4Q12 specifically, net operating revenue increased 13% to R$1.66 billion while net income grew 17% to R$183 million and EBITDA increased 17% to R$301 million. The main impacts increasing EBITDA for 2012 were favorable foreign exchange rates on revenues and lower costs
- 2Q07 earnings presentation meeting with investors.
- Gross revenue up 1.6% YoY in 2Q07. Adjusted net income down 25.3% YoY due to lower average prices and higher costs.
- For 1H07, gross revenue up 8.4% YoY and adjusted net income down 5.5% YoY. Volume grew 2.2% while average price increased 6%.
- Guidance for 1H07 was met or exceeded on key metrics like revenue and volume.
- Operational performance has been strong with continued revenue growth although profits impacted by pricing dynamics.
BRMalls reported financial results for the first quarter of 2011 with the following highlights:
- Net revenue increased 68.4% to R$179.1 million.
- Adjusted EBITDA reached R$140.6 million, up 58.6% compared to the first quarter of 2010.
- Occupancy rates across malls averaged 98.1%, up 0.2 percentage points from the prior year quarter.
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.
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.
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.
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.
Cia. Hering Investor's Day 2015_portuguêsCia Hering RI
O documento apresenta a agenda da Cia. Hering Day 2015, que inclui apresentações sobre canais de venda, produto e marcas, projetos e gestão financeira. Também descreve a estrutura organizacional da Cia. Hering e sua visão estratégica centrada em estilo de produto, consumidor, distribuição multicanal e marcas casuais.
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. 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.
O documento resume os resultados financeiros da empresa no 2T15. Teve queda na receita bruta total influenciada pela piora no cenário macroeconômico. O lucro líquido caiu 20,7% devido à queda no resultado operacional, parcialmente compensada por maior receita financeira líquida. As prioridades para o futuro incluem crescimento de vendas, recuperação de margens e controle de despesas.
The document summarizes Cia. Hering's 2Q15 earnings results. It reports that gross revenues were R$ 455.2 million, influenced by retraction in the multibrand segment due to economic deterioration. EBITDA was R$ 66.6 million, down 31.3%, with the EBITDA margin decreasing 560 basis points due to sales decrease. Net income was R$ 58.8 million, down 20.7%, explained by decreased operating income offset partially by higher net financial income and lower effective tax rate. Cash flow was R$ 11.9 million in 2Q15, down R$ 77.6 million from 2Q14. Priorities going forward include actions to drive sales growth and
Hering reported its 1Q15 results with the following highlights:
- Gross revenues decreased 11.5% to R$405.8 million due to declines in franchises and multibrand sales from a deteriorating environment.
- EBITDA was R$47.1 million, down 50.1% due to sales and margin decreases which impacted operational leverage.
- Net income was R$41.5 million, down 35.7% mainly from lower operating income, partly offset by higher net financial income.
- Cash flow was R$62.5 million, up R$35 million from 1Q14 due to lower taxes paid and improved working capital.
- Priorities for the remainder of
O documento resume os resultados financeiros da empresa no primeiro trimestre de 2015, destacando uma queda na receita bruta total de 11,5% em relação ao mesmo período do ano anterior, influenciada pela retração nos canais de franquias e multimarcas. Apresenta também as perspectivas da empresa para os próximos trimestres, como foco em aumento de vendas e recuperação de margens, além de responder eventuais perguntas.
2. Disclaimer
This presentation contains forward-looking statements regarding the
prospects of the business, estimates for operating and financial results, and
those regarding Cia. Hering's growth prospects. These are merely projections
and, as such, are based exclusively on the expectations of Cia. Hering
management concerning the future of the business and its continued access
to capital to fund the Company’s business plan. Such forward-looking
statements depend, substantially, on changes in market
conditions, government regulations, competitive pressures, the performance
of the Brazilian economy and the industry, among other factors and risks
disclosed in Cia. Hering’s filed disclosure documents and
are, therefore, subject to change without prior notice.
4. Highlights
MAIN INDICATORS
Total Gross Revenue totaled R$ 233.8 million in the 1Q10 (+38.2%)
Same-
Same-store sales in the HS chain: + 26.6%
Two-
Two-digit sales growth for the three brands
EBITDA up 126.5% (R$ 47.2 million with 24.3% of EBITDA margin)
Cash Gross Margin of 49.5% with expansion of 6.2 p.p.
OTHER HIGHLIGHTS
Opening of 2 Hering Stores in the 1Q10
Same Store Sales of 14.4% in the PUC chain
2010 CapEx: R$ 58.7 million
1Q10 ends up with Free Cash Flow of +R$ 77.0 million
6. Sales Performance
Gross Revenue (R$ million)
233,8
38,2%
5,3
169,2
4,9
7,7%
228,5
164,3
39,1%
1Q09 1Q10
Domestic Market Foreign Market Total
Gross Revenue with 38.2% growth in the 1Q10 reaching R$ 228.5
1Q10,
million,
million, with highlight for the domestic market (+ 39.1%).
7. Sales Performance (cont.)
Domestic Market (R$ million)
1Q09 1Q10
+44.7%
R$ 132.5 R$ 191.7
84% 9%
+19.1%
R$ 16.3 R$ 19.4
+ 6%
+13.0%
R$ 11.2 R$ 12.7
+
Two-digit sales growth for the three brands in the chain stores
(+44.2%) as well as in the multibrand retail (+ 34.6%) with
highlight for Hering which represented 84% of the sales.
Hering, sales.
8. Distribution Chain - Hering Store and PUC
Distribution Chain Evolution
420
366 15
314 15 80
22 73
61
325
278
231
1Q09 1Q10 2010*
Total Hering Store Total PUC Foreign - Franchised Total
* estimated
In comparison with the 1Q09, 47 HS and 12 PUC were
opened, maintaining the estimate of 325 HS for 2010
2010.
8
9. Hering Store Chain Performance
Hering Store Performance 1Q09 1Q10 Chg.
Number of Stores 231 278 20,3%
Franchise 194 238 22,7%
Own 37 40 8,1%
Sales (R$ thousand) (1)
thousand) 96.363 137.363 42,5%
Franchise 76.324 108.970 42,8%
Own 20.039 28.392 41,7%
Same Store Sales growth (2) 19,0% 26,6% 7,6 p.p.
m²)
Sales Area (m²) 29.893 35.478 18,7%
m²)
Sales (R$ per m²) 3.236 3.878 19,8%
Check-
Check-Outs 1.273.230 1.785.688 40,2%
Units 2.896.772 3.985.723 37,6%
Check-
Units per Check-Out 2,28 2,23 -2,2%
Average Sales Price (R$) 33,27 34,46 3,6%
Average Sales Ticket (R$) 75,68 76,92 1,6%
(1)
The amounts reffered to the sales to final costumers. (sell out concept)
(2)
Compared to the same period of the previous year
SSS of +26.6% in the Hering Store chain in the 1Q10 is mainly due
to the increase in check-outs (+40.2%).
9
11. Gross Profit and Gross Margin
(R$ million)
Gross Profit (R$ million) and Gross Margin (%)
49.5% +6.2 p.p.
47.5% p.p.
+5.9 p.p.
43.4%
41.6%
61,6%
92,4
57,2
0 0
1Q09 1Q10
Gross Margin Gross Margin Cash
Highlight for the Gross Profit Cash (without depreciation) which rose
6.2 p.p. when compared to 2009 and reached 49.5% in the 1Q10.
11
12. EBITDA and EBITDA Margin
(R$ million)
EBITDA (R$ million) and EBITDA Margin (%)
24,3% p.p.
+9.1 p.p.
15,2%
126,5%
47,2
20,8
1Q09 1Q10
EBITDA Margin
EBITDA reached R$ 47.2 million in the 1Q10, with +126.5% growth
and EBITDA Margin of 24.3% (+ 9.1 p.p.).
12
13. EBITDA and EBITDA Margin (cont.)
(R$ million)
EBITDA (R$ million) and EBITDA Margin (%) – Quarter Variation
EBITDA Margin - 1Q10 Variation
EBITDA - 1Q10 Variation
2,3%
4,4
8,8 4,5%
0,1% 2,4%
0,2 5,4
8,0 24,3%
47,2
15,2%
20,8
EBITDA Sales Deduction Tax Net Gross SG&A EBITDA EBITDA Deduction Tax Net Gross SG&A EBITDA
1Q09 Growth Incentives Margin (ex Dilution 1Q10 Margin Incentives Margin (ex Dilution Margin 1Q10
TI and 1Q09 TI and ded.)
ded.)
EBITDA and EBITDA Margin expansion are explained, mainly
due to the (i) sales growth and (ii) increase in the Gross Profit
Cash (exluding tax incentives and deductions). 13
14. Net Profit
(R$ million)
Net Profit (R$ million) and Net Margin (%)
23,5%
15,4%
15,4% -8.1 p.p.
32,3 7,3%
29,9
1Q09 1Q10
Margem Líquida
The Net Profit in the 1Q09 was positively affected by the reversion of
R$ 22 million derivatives provision in Dec/08 If this effect is not
Dec/08.
considered, the Net Profit growth would have reached 191.4% growth. 14
15. CapEx
By Activity (R$ million)
million)
11,3
73,0% 0,7
0,3
6,5
0,7
2,3
0,1 9,6
0,8
3,2
1Q09 1Q10
Industry IT Other Stores
R$ 11.3 million were invested, mainly in the production area (R$
9.6 million) to update our units.
million) units.
15
16. Cash Flow
(R$ milllion)
Cash Flow (R$ milllion)
Cash Flow - Consolidated 1Q09 1Q10 Chg.
EBITDA 20.846 47.226 26.380
No cash items 156 286 130
Current IR&CS (2.765) (8.575) (5.810)
Cash Flow Capex 20.881 26.589 5.708
Increase in trade accounts receivable 11.021 29.616 18.595
Increase in inventories (17.191) (11.673) 5.518
Increase in accounts payable to suppliers 13.591 11.281 (2.310)
Increase in taxes payable 7.166 2.228 (4.938)
Others 6.294 (4.863) (11.157)
CapEx (6.516) (10.093) (3.577)
Free Cash Flow 32.602 55.433 22.831
The Free Cash Flow reached R$ 55.4 million in the 1Q10 due to the
EBITDA growth and the reduction on the accounts receivable.
receivable.
16
17. Indebtedness
million)
Net Debt (R$ million) Short Term x Long Term
4,6 3,5
0,1 1,6
-0,7 -0,2
Short Long
Term; Term;
30,3% 69,7%
201,3 184,6
-33,4 11,0 -25,1
-77,0
2005 2006 2007 2008 2009 1T10
1Q10 Gross Debt = R$ 58.4 million
Net Debt / EBITDA*
* Last 12 months EBITDA
The management maintains the strategy focused on low leverage and
new financing with lower interest rate and longer terms
terms.
17
19. Outlooks
Hering
• New growth plan – 405 stores until 2012 (+42 in 2011 and +38 in 2012)
• High perceived value products and the concept “Retail is detail”;
detail”
• Continuity of the marketing campaign with new approach: “Eu sou/eu uso
Hering” (“I am / I wear Hering”)
• Actions with the Hering Store Card and Hering Webstore
Webstore.
Children market with opportunities to be explored:
explored:
• Multibrand retail growth
• Flagship store project for Hering Kids (2H10)
• Assortment adjustment focused on each brand target public
dzarm.
dzarm .
• Continuity of the repositioning plan
plan:
• Casual jeans concept
• Marketing Campaign
• Distribution channel qualification.
19
20. INVESTOR RELATION TEAM
Fabio Hering – CEO and IR Director
Frederico de Aguiar Oldani – Finance Director
Karina Koerich – IR Manager
Gracila Camargo Lopes – IR Analyst
Tel. +55 (47) 3321-3469
E-mail: ri@heringnet.com.br
Website: www.ciahering.com.br/ir
FIRB – Financial Investor Relations Brasil
Tel. +55 (11) 3897-6857
E-mail: ligia.montagnani@firb.com