Americanas announces profit of R$ 490 million in the 4th quarter of 2021

Americanas announced, this Thursday (24), a profit of R$ 490 million in the fourth quarter of 2021, an increase of 20.5% compared to the same period in 2020. a digital sales growth of more than 30%.

The comparison with the fourth quarter of 2020 is pro-forma, considering as if the merger between Lojas Americanas and B2W had taken place since the beginning of last year. The deal was approved by the companies’ shareholders in July last year.

The result was released five days after the company was the target of a digital attack that forced it to keep its sales sites offline for almost four days. In the balance sheet, Americanas did not give details about the event or financial impacts, only mentioning that it will continue to investigate the episode “over the next few weeks”.

The cash generation measured by the earnings before interest, taxes, depreciation and amortization (Ebitda) of Americanas in the fourth quarter decreased 10.8%, to R$ 1.07 billion. Analysts, on average, expected Ebitda of R$ 1 billion for the period.

The company estimates in its balance sheet that the synergies created with the merger of Lojas Americanas and B2W should total R$ 2.3 billion by 2024 and a net present value (NPV) of R$ 1.6 billion.

“Among the operational synergies measured are costs with freight and marketing, technology and logistics. Financial synergies, on the other hand, involve the optimization of financial management and the anticipation of receivables”, said the company.

Americanas had total gross sales (GMV) of R$18.1 billion in the quarter, 28.3% higher than a year earlier. Sales in digital channels grew 36.2%, to R$ 13.3 billion.

In the physical environment, same-store sales rose 4.1% year-on-year and gross revenue grew 10.7%, to R$4.85 billion.

Source: CNN Brasil

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