Online retailer B2W posts US$8.5mn Q4 loss, reversing profit

Friday, March 18, 2011

Brazilian online retailer B2W Cia Global do Varejo, the holding company of the Americanas and Submarino websites, said Friday it had a fourth quarter net loss of 14.2mn reais (US$8.5mn) under IFRS accounting rules, compared with year-prior earnings of 22.9mn reais.

Ebitda in October-December stood at 194mn reais, up 11.7% on the year, with Ebitda margin rising 1.1 percentage points to 16.8%. Net revenue increased 4.1% in the quarter, to 1.15bn reais.

In all of 2010, B2W saw a 33.6mn-real net profit, down 45.8% from 2009. Ebitda, on the other hand, rose 12.3% last year to 547mn reais, and net revenue advanced 12.1% to 4.07bn reais.

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