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Lojas Renner sees growth of 22% on net revenues
22
Feb '08
LOJAS RENNER S.A one of the three largest apparel department store chains in Brazil, announces its 2007 results. The full version of the Management Report is available .

Net Revenues from Merchandise Sales reported a year-on-year growth of 22.0% totaling R$ 1,751.7 million. Gross Profit from Merchandise Sales followed the same trend by posting R$ 810.2 million, with gross margin of 46.2% in the period.

EBITDA for the year reached R$ 286.0 million, a growth of 55.1% over the R$ 184.4 million for the preceding year; EBITDA Margin increased from 12.8% in 2006 to 16.3% in 2007.

Lojas Renner reached a nationwide footprint of 95 stores, with 14 inaugurations throughout the year.

The Renner Card accounted for 67.2% of total Company sales in 2007. The Company posted a total of 12 million cards issued with an average.

Together, interest on equity paid in December and the proposed dividends, subject to approval at the GSM, will total R$ 116.9 million, corresponding to 75% of adjusted net income.

Upcoming Events
- Conference Call in English
- Date: February 22, 2008
- Time: 11:00 a.m. (US-ET)

Conference Call in Portuguese
- Date: February 22, 2008
- Time: 9:00 a.m. (US-ET)

Lojas Renner invites its Shareholders to attend the General Shareholders' Meeting to be held on March 31, 2008, at 11:00 am (Brazil).

LOJAS RENNER S.A

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