Saraiva S.A. Livreiros Editores Announces Consolidated Financial Results for the First Quarter Ended March 31, 2017
Saraiva S.A. Livreiros Editores announced consolidated financial results for the first quarter ended March 31, 2017. For the quarter, the company reported, net revenue (Stores + E-commerce) was BRL 503,436,000 against BRL 504,697,000 a year ago. EBITDA was BRL 20,024,000 against BRL 19,714,000 a year ago. Adjusted EBITDA was BRL 25,044,000 against BRL 19,714,000 a year ago. Adjusted net income was BRL 3,594,000 against BRL 266,000 a year ago. Net income was BRL 281,000 against BRL 266,000 a year ago. Same store sales growth was negative 6.3% against 1.1% a year ago.