Grupo Sports World, S.A.B. de C.V. announced consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported net revenue of MXN 459,303,000 against MXN 357,517,000 a year ago. Operating income was MXN 43,882,000 against MXN 26,008,000 a year ago. EBITDA was MXN 92,760,000 against MXN 66,381,000 a year ago. Earnings before taxes were MXN 27,991,000 against MXN 16,885,000 a year ago. Net income was MXN 27,933,000 or MXN 0.66 per share against MXN 13,475,000 or MXN 0.37 per share a year ago.

For the full year, the company reported net revenue of MXN 1,665,842,000 against MXN 1,363,874,000 a year ago. Operating income was MXN 111,758,000 against MXN 69,561,000 a year ago. EBITDA was MXN 292,757,000 against MXN 228,226,000 a year ago. Earnings before taxes were MXN 61,562,000 against MXN 39,528,000 a year ago. Net income was MXN 52,747,000 or MXN 0.66 per share against MXN 29,721,000 or MXN 0.37 per share a year ago. Net cash flow from operations was MXN 364,521,000. Acquisitions of leased location improvements, furnishings, equipment and constructions were MXN 346,379,000. Acquisitions of intangible assets and other assets were MXN 25,835,000. Net financial debt was MXN 486,486,000.

The Company expects a more than 19% in Revenue and 13%-14% in EBITDA, which represents an EBITDA Margin more than 16% for the year 2018.