B2W falls US$13mn in the red in Q2

Friday, August 5, 2011

Online Brazilian retailer company B2W, which holds e-commerce websites Americanas and Submarino, reported a 20.9mn-real net loss (US$13.3mn) for Q2, versus year-ago earnings of 17.9mn reais, the company said in a statement.

According to B2W, Ebitda for June totaled 120mn reais, slipping 1.8% when compared to the same period last year. Ebitda margin was down to 12.2%, falling 0.6 percentage points.

B2W net revenue in Q2 hit 983mn reais, up 3%. But increased cost of sales and related services more than offset that gain.

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