Iguatemi Empresa de Shopping Centers S.A. announced consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported gross revenues of BRL 201,163,000 compared with BRL 196,793,000 for the same period a year ago. Net Revenue was BRL 175,011,000 compared with BRL 169,413,000 for the same period a year ago. Profit before fin. revs. (exp.) & taxes was BRL 105,240,000 compared with BRL 104,091,000 for the same period a year ago. Profit before taxes on profit was BRL 75,126,000 compared with BRL 60,704,000 for the same period a year ago. Profit in the period attributed to owners of parent company was BRL 59,605,000 compared with BRL 50,368,000 for the same period a year ago. EBITDA was BRL 132,514,000 compared with BRL 130,472,000 for the same period a year ago. FFO was BRL 87,841,000 compared with BRL 77,356,000 for the same period a year ago. Net debt was BRL 1,534,188,000

For the six months, the company reported gross revenues of BRL 393,448,000 compared with BRL 389,341,000 for the same period a year ago. Net Revenue was BRL 343,481,000 compared with BRL 336,762,000 for the same period a year ago. Profit before fin. revs. (exp.) & taxes was BRL 203,950,000 compared with BRL 203,376,000 for the same period a year ago. Profit before taxes on profit was BRL 147,661,000 compared with BRL 116,511,000 for the same period a year ago. Profit in the period attributed to owners of parent company was BRL 116,942,000 compared with BRL 100,378,000 for the same period a year ago. Cash used by operations was BRL 288,037,000 compared with cash generated from BRL 71,708,000 for the same period a year ago. Net debt was BRL 1,543,579,000. EBITDA was BRL 258,293,000 compared with BRL 256,236,000 for the same period a year ago. FFO was BRL 173,014,000 compared with BRL 154,454,000 for the same period a year ago.

The company provided earnings guidance for the full year of 2018. For the year, the company expects net revenues growth to be in the range of 2% to 7% and EBITDA margin to be in the range of 75% to 79%. CapEx for the year at BRL 170 -220 million.