MPM Corporeos, the owner of the Espaçolaser brand, mentioned strong growth on Wednesday (7) in the first quarter profit, and as a result through net standard revenue, improvement in margins and low debt.
“We have reached historic sales records every month of the quarter, even in the difficult macroeconomic scenario.”
The total net revenue reached $ 289.7 million, an increase of 5.4 % on an annual basis, in the modified performance to reflect the performance of the operation in Colombia in January, where the F3L group took the operation in the country from February.
Sales in the same stores grew by 11.4 %.
The company’s average Ebitda, which shows itself the largest laser hair removal network in the country, amounted to $ 80.2 million in the first three months of the year, an increase of 8.6 % on an annual basis, with the margin increase by 0.8 points to 27.7 %.
According to the company, it was the largest quarterly Ebitda in history.
The rate of leverage that was measured by net debt/calculation has decreased, ignoring the costs and recurring expenses, to 2.06 times, and at least 12 quarter. The total net debt reached 553.5 million dollars.
At the end of March, Espaçolaser had 806 stores in Brazil, with 245 privileges and 561 private stores.
The company also operates in Argentina through a joint venture, where it ended the first quarter with 28 units (19 special privileges and 9 privileges) in Colombia, with 6 stores, and in Chile, with 34 stores (18 special privileges and 16 concessions).
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