ASSAÍ: REVENUE REACHES R$ 20 BILLION IN THE QUARTER, LEVERAGE CONTINUES TO DECLINE
Assaí Atacadista (ASAI) reported strong Q3 2024 results with revenue reaching R$ 20.2 billion, up 9.3% year-over-year. Pre-IFRS16 EBITDA grew 12.1% to R$ 1 billion with a 5.5% margin. Gross profit increased 10.7% to R$ 3 billion, while pre-IFRS16 net income rose 10% to R$ 198 million. The company's leverage decreased to 3.52x, with a target of below 3.2x by year-end. Same-store sales grew 2.6% despite food deflation challenges. The company opened four new stores in Q3, reaching 297 locations, and successfully raised R$ 5.3 billion in financing while improving debt terms.
Assaí Atacadista (ASAI) ha riportato risultati solidi per il terzo trimestre del 2024, con ricavi che hanno raggiunto R$ 20,2 miliardi, in aumento del 9,3% rispetto all'anno precedente. L'EBITDA pre-IFRS16 è cresciuto del 12,1% fino a raggiungere R$ 1 miliardo, con un margine del 5,5%. Il profitto lordo è aumentato del 10,7% a R$ 3 miliardi, mentre l'utile netto pre-IFRS16 è salito del 10% a R$ 198 milioni. La leva finanziaria dell'azienda è scesa a 3,52x, con un obiettivo inferiore a 3,2x entro la fine dell'anno. Le vendite negli stessi punti vendita sono cresciute del 2,6% nonostante le sfide legate alla deflazione degli alimenti. L'azienda ha aperto quattro nuovi negozi nel terzo trimestre, raggiungendo 297 località, e ha raccolto con successo R$ 5,3 miliardi in finanziamenti migliorando nel contempo le condizioni del debito.
Assaí Atacadista (ASAI) reportó resultados sólidos para el tercer trimestre de 2024, con ingresos que alcanzaron R$ 20.2 mil millones, un aumento del 9.3% interanual. El EBITDA pre-IFRS16 creció un 12.1% hasta R$ 1 mil millones, con un margen del 5.5%. La ganancia bruta aumentó un 10.7% a R$ 3 mil millones, mientras que la utilidad neta pre-IFRS16 subió un 10% a R$ 198 millones. El apalancamiento de la empresa disminuyó a 3.52x, con el objetivo de estar por debajo de 3.2x para fin de año. Las ventas en tiendas comparables crecieron un 2.6% a pesar de los desafíos de deflación alimentaria. La empresa abrió cuatro nuevas tiendas en el tercer trimestre, alcanzando 297 ubicaciones, y logró recaudar R$ 5.3 mil millones en financiamiento mientras mejoraba las condiciones de la deuda.
Assaí Atacadista (ASAI)는 2024년 3분기 강력한 실적을 보고했으며, 수익은 R$ 202억에 도달하여 전년 대비 9.3% 증가했습니다. IFRS16 전 EBITDA는 12.1% 증가하여 R$ 10억에 달했으며, 마진은 5.5%입니다. 총 이익은 R$ 30억으로 10.7% 증가했으며, IFRS16 전 순이익은 R$ 1억 9,800만으로 10% 증가했습니다. 회사의 레버리지는 3.52배로 감소했으며, 연말까지 3.2배 이하 목표를 설정했습니다. 동일 매장 매출은 식품 디플레이션 문제에도 불구하고 2.6% 성장했습니다. 회사는 3분기 동안 4개의 신규 매장을 열어 총 297개 위치에 도달했으며, 채무 조건을 개선하면서 R$ 53억의 자금을 성공적으로 조달했습니다.
Assaí Atacadista (ASAI) a annoncé de solides résultats pour le troisième trimestre 2024, avec un chiffre d'affaires atteignant R$ 20,2 milliards, en hausse de 9,3% par rapport à l'année précédente. L'EBITDA avant IFRS16 a augmenté de 12,1% pour atteindre R$ 1 milliard, avec une marge de 5,5%. Le bénéfice brut a augmenté de 10,7% pour atteindre R$ 3 milliards, tandis que le résultat net avant IFRS16 a progressé de 10% pour atteindre R$ 198 millions. L'endettement de l'entreprise a diminué à 3,52x, avec un objectif de moins de 3,2x d'ici la fin de l'année. Les ventes à magasins comparables ont augmenté de 2,6% malgré les défis liés à la déflation alimentaire. L'entreprise a ouvert quatre nouveaux magasins au cours du troisième trimestre, atteignant 297 sites, et a réussi à lever R$ 5,3 milliards de financement tout en améliorant les conditions d'endettement.
Assaí Atacadista (ASAI) hat im dritten Quartal 2024 starke Ergebnisse gemeldet, wobei die Umsätze R$ 20,2 Milliarden erreichten, was einem Anstieg von 9,3% im Vergleich zum Vorjahr entspricht. Das EBITDA vor IFRS16 wuchs um 12,1% auf R$ 1 Milliarde mit einer Marge von 5,5%. Der Bruttogewinn stieg um 10,7% auf R$ 3 Milliarden, während der Nettogewinn vor IFRS16 um 10% auf R$ 198 Millionen anstieg. Die Verschuldung des Unternehmens verringerte sich auf 3,52x, mit dem Ziel, bis zum Jahresende unter 3,2x zu liegen. Der Umsatz in vergleichbaren Geschäften wuchs trotz Herausforderungen durch eine Nahrungsmitteldifferenz von 2,6%. Das Unternehmen eröffnete im dritten Quartal vier neue Geschäfte und erreichte damit 297 Standorte und konnte erfolgreich R$ 5,3 Milliarden an Finanzierungen aufbringen und gleichzeitig die Schuldenbedingungen verbessern.
- Revenue growth of 9.3% YoY to R$ 20.2 billion
- Pre-IFRS16 EBITDA increase of 12.1% to R$ 1 billion
- Gross profit growth of 10.7% to R$ 3 billion
- Pre-IFRS16 net income up 10% to R$ 198 million
- Leverage reduction to 3.52x from previous quarter
- Successful R$ 5.3 billion debt refinancing with improved terms
- Store network expansion with 4 new locations
- Modest same-store sales growth of 2.6% amid food deflation
- Still elevated leverage ratio above 3.5x
- Lower post-IFRS16 net income of R$ 156 million with 0.8% margin
Insights
The Q3 results demonstrate solid financial performance with notable improvements in key metrics. Revenue growth of
The successful
The company's strategic focus on high-margin services like butcher shops, bakeries and deli sections is proving effective in driving profitability, as evidenced by the
Despite challenging macroeconomic conditions including food deflation and pressure on consumer purchasing power, the positive same-store sales growth indicates strong competitive positioning in the Brazilian retail market. The planned milestone of 300+ stores by year-end positions Assaí for continued market share gains in the attractive cash-and-carry segment.
SÃO PAULO, Nov. 8, 2024 /PRNewswire/ -- Assaí Atacadista (ASAI) reported solid results for the third quarter of 2024, with revenue reaching
Focusing on profitability and financial sustainability, pre-IFRS16 EBITDA grew by
"In the third quarter, we achieved significant progress," highlighted Belmiro Gomes, Assaí's CEO. "Continuing our improvement of the debt profile, we successfully issued debentures in October, totaling
Gross profit increased by
Same-store sales (SSS) rose by
Since the end of the first quarter, Assaí raised
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SOURCE Assaí Atacadista
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