This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Conference Call - 2007 Earnings Release
Conference Call – 4Q07/2007 Results:
Friday, March 07th, 2008:
Time: 12:00 a.m. (US EST) 02:00 p.m. (Brasilia)
English Tel: +1 (888) 700.0802 (USA)
+1 (786) 924.6977 (Other countries)
Code: LASA
Replay: +55 (11) 4688.6312
Código: 952
Multi-channel Retailer
Bricks-and-Mortar Internet, TV, Telephone Sales and catalogues Financial Products
2
413 stores as of December 31, 2007 – total sales area of 443 thousand m2;
2007: 50 Inaugurations (28 traditional stores , 22 express stores), and 107 BWU/BLOCKBUSTER® stores
remodeled;
For 2008, 1 store has already been inaugurated, 25 stores have opening contracts signed and another 11 are in
the signature process;
2007 Overview
On November 7, CADE approved without restrictions the creation of B2W, merger between Americanas.com and
Submarino.
Pro-forma growth of 46% in gross revenue, reaching R$3.6 billion in 2007;
Pro-forma EBITDA growth of 66% in 2007 vs. 2006, reaching an EBITDA margin of 13.9% (+1.8 pp);
More than 1 million cards issued and 100% of total receivables volume of R$268 million (LASA’s participation is
Statements relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of Lojas Americanas, eventually expressed in this release, are merely projections and, as such, are based exclusively on the expectations of Lojas Americanas’ management concerning the future of the business and its continued access to capital to fund the Company’s business plan. Such 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 are, therefore, subject to change without prior notice.