LOJAS RENNER S.A one of the three largest apparel department store chains in Brazil, announces its 2007 results. The full version of the Management Report is available .
Net Revenues from Merchandise Sales reported a year-on-year growth of 22.0% totaling R$ 1,751.7 million. Gross Profit from Merchandise Sales followed the same trend by posting R$ 810.2 million, with gross margin of 46.2% in the period.
EBITDA for the year reached R$ 286.0 million, a growth of 55.1% over the R$ 184.4 million for the preceding year; EBITDA Margin increased from 12.8% in 2006 to 16.3% in 2007.
Lojas Renner reached a nationwide footprint of 95 stores, with 14 inaugurations throughout the year.
The Renner Card accounted for 67.2% of total Company sales in 2007. The Company posted a total of 12 million cards issued with an average.
Together, interest on equity paid in December and the proposed dividends, subject to approval at the GSM, will total R$ 116.9 million, corresponding to 75% of adjusted net income.
Upcoming Events - Conference Call in English - Date: February 22, 2008 - Time: 11:00 a.m. (US-ET)
Conference Call in Portuguese - Date: February 22, 2008 - Time: 9:00 a.m. (US-ET)
Lojas Renner invites its Shareholders to attend the General Shareholders' Meeting to be held on March 31, 2008, at 11:00 am (Brazil).
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