Riyaku’s owner will reduce the debt, improves margin and returns to profits in 2024
In 2024, the GwarapesThe owner In the riyachThere are results again to celebrate. The company was able to make oil for operations, rise in profitability, leverage fall (strong) and ended the year in blue, reversing the loss of 2023.
The pace is particularly strong in the fourth quarter, the breathtaking with retail holiday parties, but the retail management ensures that there is a heated demand tendency in the early 2025.
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“We came with a steady performance. In May, the first quarter results would not be negative when we were speaking. We put a lot of stability,” Andr Farber said in an interview to Insight.
In the fourth quarter of the 2024, the company’s net profit has reached R 250 million, when considering comparable bases, entering the number of comparable bases, 8.8% more or 43% more than a year (such as the head office and factory in Forteza in 2023). During the year, net income was R $ 235 million, which was against the loss of R $ 33 million in 2023.
A. In the fourth quarter, consolidated net income from the company reached $ 3.0 billion, which grew by 10.8% during the same period 2023, which shows an increase of 14.1%. The company includes Financial Services Units and Shopping Center Midway Mall in Natal, the capital of Rio Grande Do Norte. Of these two, the income is stable and 8.9% higher.
Riyachlo’s brand recovery work is 13.9% in sales at the same stores. There are all the objects of this number, which are also made of decoration items in Casa Riyach. In outfit, according to the Farber, this indicator is high, but this number is not revealed. One of its main competitors, C&A, reported 14.4% of the same dress stores.
When accumulated this year, Gwarapes ended 2024 with a net income of $ 9.6 billion, which indicates a 9.5% growth compared to the previous year.
The consolidated gross margin is 58.7%, which is a 1.3 percentage point increase compared to the same quarter of 2023, which is driven by the improved use of operational capacity and the better use of the Guarapes factory. The adjusted EBITDA R has reached 565.6 million, which is 9.3%in the fourth quarter of 2023. This year, the outcome increased by 45%to $ 1.49 billion, up 15.4%, 3.7 high.
Farber emphasized the role of the Gwarapes factory for the expansion of margins and the operational capacity of the company. “We see the factory as a strategic property. It gives the benefit of supply, reactivity and margin to the people.”
According to him, 2024 to use the factory is a very important year, whose volume increase exceeds 30%. By the end of 2024, the company’s factory in the Metropolitan area of the Natal was working with full capacity. “This has helped a lot of the results. Due to the better use of the factory, we got some part of the margin expansion. We have also got adjustments in our price for the best use of integrated chain.”
In addition to good retail results, the midway and Gwarapes Financial Services Unit also performed strongly. In 2024, the EBITDA R reached $ 404 million, an increase of 107.3% compared to the previous year.
The unit that reflects the disciplined credit portfolio management has been able to improve its default rates. According to Miguel Coffru, Guarapes CFO, Midway’s strategy is to control the default. “We have kept a lot of damage reducing rates. Midway showed a very strong responsibility with financial management.”
During the Alta Selic period, one of the operation points of the operation is to reduce the company’s lump. At the end of 2023, the ratio between the net Debt and EBITDA once and in 2024 went on by 0.3. In addition to the growth of EBITDA, the company dedicated itself to reduce the net loan that reached R $ 1.66 billion in the end of 2022, after 2023, after 2023, the R was reached to $ 1.06 billion.
The CEO also talked about reducing the company’s net loan: “Our net debt in the late 2022, which was 1.7 billion Riyas. So we want to work with very few debts in the balance.”
The company ended with R $ 1.5 billion in cash in December 2024, which equates to 213% of short -term gross loans
Despite the cash position, according to the company’s management, the recently seen action rebuilding in the stock market enters the wave. “We have a long bicycle view,” said Farber.
“We see the company’s many opportunities to maintain the company to maintain accelerating, rising sales, margin and profitability, and we make it clear that the best capital allocation is to accelerate the business. It is very clear and well -implemented to follow this well -implemented strategy.”
When the accumulation of this year, Gwarapes accumulate 38.27% praise, which discusses at R $ 7.84. Advance Renner exceeds 3.33% of the Lozas papers, but the C&A shares are still low, gathering 48% discharge from January.
