Marisa Announces Increased Consolidated EBITDA of 21% in 3Q15

USA - English

• Brazil - Português

SAO PAULO, Oct. 27, 2015 /PRNewswire/ -- Marisa Lojas S.A. (BM&FBovespa: AMAR3; Bloomberg: AMAR3 BZ), the largest women apparel and lingerie retailer in Brazil, announces today the results for the third quarter of 2015 (3Q15).

Highlights:

• Retail Net Revenues with variation of -1,4% and -2,4% in same store sales;
• Retail Gross Margin once again grew +2.5 bps, surpassing the 42.3% in 3Q14 to reach 44.8%;
• Retail SG&A presented a nominal reduction of 1.2%; Stores SG&A 3.2% lower;
•  Retail EBITDA reached a positive R$ 10.0 million, in comparison to the negative R$ 3.1 million in 3Q14;
• Cash from Operations hit R$ 55 million in 9M15, over the R$ 116.3 million negative in 9M14;
• Inventories reduced by 5.1%;
•  Private Label losses accounted for a loss of 26.1%.

3Q15 Conference Call
Date: October 28, 2015
Time: 10:00 a.m. (US EST) | 12:00 p.m. (Brasilia)
Access phone out of Brazil: +1 (646) 843-6054

IR Contact: +55 (11) 2109-3121 / 6269 [email protected]

SOURCE Marisa Lojas S.A.