Alpargatas recorded more than R $ 3 billion (US $ 539 million) in revenue in the first nine months of 2021, up 35% from last year. Of this amount, R $ 1 billion (US $ 180 million) came from the international operations of Havaianas, the world ‘s leading brand in the open – shoe category. In the first nine months of 2021, the company announced a net profit of R $ 389.5 million (US $ 70 million), up 498% from last year.
“The results of the third quarter of 2021 show the strength of Havaianas, which is growing both in international markets and in Brazil. It is the second consecutive quarter that the brand breaks historical records in terms of quantities and net income, increasing the “We have taken an important step by expanding our portfolio with the successful release of Havaianas casual sneakers and the growing penetration of the sandals category,” said CEO Beto Funari.
In Brazil, where Havaianas are well established and sell more than a couple per capita per year, net income increased by 10%. Internationally, the brand showed annual growth rates of 23% in quantity, 8% in revenue and 167% in the EBITDA index in the 3rd quarter of 2021.
The data of the last quarter prove the progress on the global expansion strategy of the company, as its excellent execution and the control of the expenses resulted in an increased profit margin. Thanks to the positive results and strong liquidity, Alpargatas announced that it is expected to distribute dividends of R $ 150 million (US $ 27 million).
development
To sustain Havaianas growth, Alpargatas has approved an investment of R $ 600 million ($ 108 million) by 2022. The investment over the last two years has reached Rs 900 million (US $ 160 million) and is the largest in the history of the company.
Resource allocation will focus on expanding production capacity, optimizing the supply chain, intensifying portfolio expansion into key and emerging categories in both Brazil and international markets, and maintaining the growth of digital and physical channels. . This investment will promote efficiency and reduce costs, while increasing production capacity.
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Source From: Capital
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