The Guararapes Group, responsible for the Riachuelo stores series, has reported a net income of 249.9 million dollars in the fourth quarter of 2024, an increase of 8.8 % compared to the same period in 2023. In 2024, the total profit of $ 235 million, Rangeit, reached $ 34.3 million per year.
Andre Faber, CEO of Guararapes, said in an interview with broadcast (The real time news system in the government group), which, between May 2023, when the company entered, and Dasmber 2024, the net debt rose from $ 1.7 billion to less than $ 500 million.
“We paid more than $ 1.2 billion of debt, and with this process of turmoil, it was possible to reverse the loss and end of the last quarter of the year with a strong profit,” he said. The General Group ended with a financial lever 0.3 times (net debt/profits before interest, taxes, depreciation and consumption).
With the distribution of 425 stores throughout Brazil, the EBITDA company has a value of $ 565.6 million per quarter, the annual growth of 45 %.
In 2024, the accumulated, Ebitda added 1.487 billion dollars, an increase of 44.7 % compared to the previous year. “This result was the largest in the history of the company,” said Faber.
Uniform net revenues, in turn, reached $ 3 billion per quarter, with 10.8 %. In the year, the index showed 9.5 % growth compared to 2023, with a total of $ 9.6 billion.
Miguel Cafruni, Miguel CaFruni, indicated that in 2024, the annual Guaraarapes Factory production reached 41 million pieces, which is 33 % growth compared to 2023. “This performance enhances the company’s ability to unify synergy between industry and retail.”
The company also recorded five quarters of the total clothes of the total clothes, which amounted to 54.3 % per year, and expanded 1.8 percent (PP) compared to 2023.
In addition, Guararaepes reinforced the sixth quarter of the growth in the sale per square meter, which increased by 13.7 % in the last quarter of 2024, compared to the same period from 2023.
The total number of the company’s arms of financial products and financial services in the middle of the road, the company’s arm of financial products and financial services, reached $ 404.3 million in 2024. The active cards base reached 4.5 million in the past 12 months.
