João Pinheiro Nogueira Batista, CEO of the company, says the company will reduce expenses by BRL 52 million
The managing director of Marisa Lojas, João Pinheiro Nogueira Batista, said on Tuesday 16 that the company will close 91 stores and that the cost of the whole process should be around R$ 62 million, but with an Ebitda increase of almost R$ 70 million per year. year . “There were a few store closures in the first quarter. We were early on,” he said.
Between March and April, 25 shops were closed. After that, 33 stores will be closed in May and another 33 stores in June. According to management, the brownfield sites were selected because they offer zero income or cost to close and high operating costs to open.
In addition, Nogueira Batista claims that the company will have a reduction in expenses of R$ 52 million. Of this, R $ 32 million will come from an overhaul of the facility; R$ 9 million from management positions; and R$ 10.5 million for auditing activities.
Balance
Marisa Lojas closed the first quarter of 2023 with a net loss of 149 million reais, 64.2% higher than the amount recorded a year earlier. Total Adjusted Ebitda was also negative by R$ 50.6 million, up 11.5% on the previous year’s performance.
Source: Terra
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