PORTO ALEGRE, Brazil, Feb. 21 /PRNewswire-FirstCall/ -- LOJAS RENNER S.A. (Bovespa: LREN3), one of the three largest apparel department store chains in Brazil, today announces its 2007 results. The full version of the Management Report is available at http://www.lojasrenner.com.br/ri .
2007 HIGHLIGHTS -- Net Revenues from Merchandise Sales reported a year-on-year growth of 22.0% totaling R$ 1,751.7 million. Gross Profit from Merchandise Sales followed the same trend by posting R$ 810.2 million, with gross margin of 46.2% in the period. -- EBITDA for the year reached R$ 286.0 million, a growth of 55.1% over the R$ 184.4 million for the preceding year; EBITDA Margin increased from 12.8% in 2006 to 16.3% in 2007. -- Lojas Renner reached a nationwide footprint of 95 stores, with 14 inaugurations throughout the year. -- The Renner Card accounted for 67.2% of total Company sales in 2007. The Company posted a total of 12 million cards issued with an average ticket of R$ 107.12. -- Together, interest on equity paid in December and the proposed dividends, subject to approval at the GSM, will total R$ 116.9 million, corresponding to 75% of adjusted net income. Upcoming Events Conference Call in English Date: February 22, 2008 Time: 11:00 a.m. (US-ET) Phone: +1 (973) 935-8893 Toll Free (US & Canada): 800 418 6854 Toll Free (UK): 0800 032 3836 Toll Free (Brazil): 0800 891 9722 Code: 30694514 Webcast: http://www.mz-ir.com/webcast/renner/4t07/?e Conference Call in Portuguese Date: February 22, 2008 Time: 9:00 a.m. (US-ET) Phone: +55 (11) 2188 0188 or 0800 726 5606 Code: Renner Webcast: http://www.mz-ir.com/webcast/renner/4t07 General Shareholders' Meeting
Lojas Renner invites its Shareholders to attend the General Shareholders' Meeting to be held on March 31, 2008, at 11:00 am (Brazil). For more information, please access the Company's website at http://www.lojasrenner.com.br/ri .
About Lojas Renner
Lojas Renner is one of the three largest apparel department store chains in Brazil with 95 stores, 88 of them installed in shopping malls and a further 7 stand-alone stores in downtown city areas, located in the South, Southeast, Midwest, North and Northeast of Brazil. The Company develops and sells quality women's, men's, teen and children's apparel, footwear and underwear through 11 private brands, of which six represent the Lifestyle concept, each brand targeting a specific style and way of dressing.
Contact
Paula Picinini
+55 (51) 2121-7044
