14.05.2009
B2W Q1 net profit stumble
B2W, Brazil’s top online retailer, owner of Submarino, Americanas.com and Shoptime brands, said in Q1 its gross sales rose 6% year-on-year, to R$ 1.084 billion. The company said in the quarter the number of visitors rose fast, but conversion rates and average sales dropped, making the end result only tepid. The company’s Ebitda rose 8% year-on-year, to R$ 94 million, but net profits stumbled 63.6%, to R$ 8 million.
Fonte: Mercado & Consumo
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