Magazine Luiza S/A reported audited consolidated earnings results for the first quarter ended March 2013. For the quarter, the company reported total net revenue of BRL 1,765.6 million compared with BRL 1,665.9 million for the same period last year. EBITDA was BRL 62.7 million compared with BRL 22.8 million for the same period last year. Net income was BRL 0.8 million compared with net loss of BRL 40.7 million for the same period last year. Adjusted EBITDA was BRL 62.7 million compared with BRL 56.3 million for the same period last year. Net debt as on March 2013 was BRL 792.0 million against BRL 731.1 million as on March 2012. EBITDA was BRL 62.7 million compared with BRL 22.8 million for the same period last year. Operating loss was BRL 7.2 million compared with BRL 46.8 million for the same period last year. EBIT was BRL 38.1 million compared with BRL 2.0 million for the same period last year. Adjusted net income was BRL 0.8 million compared with adjusted net loss of BRL 10.3 million for the same period last year. Investments in fixed and intangible assets fell from BRL 43.6 million in first quarter 2012 to BRL 27.3 million in first quarter 2013, and include renovations to existing stores as well as investments in technology, logistics and new stores. For the year 2013, same-store sales are expected to record high single-digit growth and between 20% and 30% for e-commerce in 2013. The company expects to reduce the difference in gross margin between stores in the Northeast and those in other regions. To ensure margin preservation across all regions, the company has developed a Price Management System that will be implemented in the second half of 2013 and is designed to increase pricing intelligence by channel, region and product family. The company plans to open between 20 and 25 stores in 2013.

Magazine Luiza S.A. Presents at 8th Annual LatAm Ceo Conference, May-15-2013 . Venue: New York, New York, United States.

Magazine Luiza S/A, Special/Extraordinary Shareholders Meeting, Apr 25, 2013.