In This Article:
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Consolidated Revenue Growth: 7% year-over-year.
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Home Improvement Revenue Growth: 9% year-over-year.
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Retail Revenue Growth: 12% year-over-year.
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Plaza Revenue Growth: 11% in Chile, 7% in Peru.
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E-commerce Sales Growth: 20% increase in home improvement, 21% growth among sellers.
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Consolidated NPL Ratio: 3.6%, a decrease of 62 basis points from the previous quarter.
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Net Interest Income Growth: 1.4% year-over-year increase.
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Payment Methods Increase: 14% year-over-year.
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Gross Profit Expansion: 20% year-over-year.
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EBITDA Growth: 1.8 times year-over-year, reaching $368 million.
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Net Profit: $97 million, compared to a $5 million loss in the previous year.
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EBITDA Margin: 11.6%, the highest since 2021.
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Cash Position: $1.5 billion, with $1.3 billion invested in mutual funds and term deposits.
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Leverage Ratio: Declined to 3.7 times, the lowest since Q2 2022.
Release Date: November 14, 2024
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Falabella SA (XSGO:FALABELLA) reported a year-over-year consolidated revenue growth of 7%, with notable increases in home improvement (9%), retail (12%), and Plaza's revenue in Chile (11%) and Peru (7%).
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E-commerce sales showed significant growth, with a 20% increase in home improvement sales and a 21% growth among over 20,000 sellers, reflecting the success of their e-commerce strategy.
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The company achieved an EBITDA growth of 1.8 times year-over-year, reaching $368 million, with a margin of 11.6%, the highest since 2021.
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Falabella SA (XSGO:FALABELLA) improved its leverage ratio to 3.7 times, the lowest level since the second quarter of 2022, indicating stronger financial health.
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The company reported a net profit of $97 million, a significant improvement from a $5 million loss in the third quarter of 2023, marking the highest performance since 2021.
Negative Points
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Colombia's revenues were negatively impacted by a non-recurrent effect, affecting overall regional performance.
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The financial services segment saw a contraction in the consolidated loan book, although risk levels improved.
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Banking revenue decreased due to a lower level of loan book and lower interest rates, impacting overall financial performance.
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Despite improvements, retail operations are still growing below historical and potential levels, indicating room for further recovery.
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The company is facing challenges in maintaining profitability in certain segments, requiring continued focus on operational efficiency and inventory management.