General Shopping S.A.: Adjusted EBITDA rose 13.3% in the last quarter and 23.4% in the nine first months of 2013

USA - English

• Brazil - Português

SAO PAULO, Nov. 14, 2013 /PRNewswire/ -- General Shopping Brasil S.A. [ BM&FBovespa: GSHP3 ], one of the largest shopping mall companies in Brazil, announces 3Q13 earnings results.

• General Shopping Brasil S/A's third quarter 2013 (3Q13) gross revenue was R$ 58.0 million, a year-on-year increase of 16.8% compared with the R$ 49.7 million reported in the third quarter of 2012 (3Q12). In the first nine months of 2013 (9M13), gross revenue rose 26.5% in relation to 9M12, totaling R$ 170.3 million.
• Consolidated Net Operating Income (NOI) for 3Q13 was R$ 46.3 million, a margin of 87.8% and a growth of 12.5% in relation to the R$ 41.2 million registered in 3Q12. In 9M13, consolidated NOI was R$ 135.9 million, equivalent to a margin of 87.4% and year-on-year growth of 23.2%.
• The Company posted a gross profit in 3Q13 of R$ 41.7 million, representing a margin of 79.1% and growth of 10.8% compared to R$ 37.7 million in 3Q12. In 9M13, gross profit was R$ 120.6 million, a margin of 77.6% and growth of 21.4%  in relation to 9M12.
• Adjusted EBITDA in 3Q13 reached R$ 36.3 million, equivalent to a margin of 68.8% and a growth of 13.3% in relation to the R$ 32.0 million posted in 3Q12. In the first nine months of 2013, adjusted EBITDA was R$ 107.7 million, a margin of 69.3% and a growth of 23.4% compared with 9M12.

For more information about the performance of the GSB, see the release on the link below:

http://www.firb.com/general_shopping/GSB_release_3Q13.pdf

CONFERENCE CALLS ON THE 3Q13

What: General Shopping Brasil's 3Q13 Earnings Conference Call
When: Thursday, November 14, 2013 @ 12:00 AM EST in Portuguese and 01:00 PM EST in English.
Where:
http://www.mediatown.com.br/prnewswire/player/?id=1269 (portuguese)
http://www.mediatown.com.br/prnewswire/player/?id=1270 (english)   
How: Live over the Internet -- Simply log on to the web at the address above.

Conference call dial-in phone numbers: From the US: 1-786-924-6977; from Brazil: 11 4688-6361; from other countries: 1-855-281-6021

Contact: Investor Relations Area of General Shopping Brasil - + 55 11 3159-5100, [email protected], or Silvia Pinheiro, from FIRB - Financial Investor Relations Brasil - + 55 11 3500-5564, [email protected]

SOURCE General Shopping Brasil S.A.