SMU made a profit of $ 7,402 million in the third quarter, double the previous year

A net profit of $ 22,179 million was recorded by EMS in the first nine months of the year, reaching a growth of $ 12,882 million over the same period of the same year. last year. In the third quarter, net income reached $ 7,402 million, more than double that recorded between July and September 2017.

At the EBITDA level, the company reached $ 109,486 million between September, an increase of 10.1% over the same period of the previous year, while the EBITDA margin was 6.4%, which represents a growth of 40 basis points over 6.0% recorded between January and September 2017. As a result, EBITDA reached $ 40,036 million per quarter, an increase of 14.5% over the period from July to September 2017. [19659003] Regarding the results – reported to the Financial Market Committee on Monday – Marcelo Gálvez, managing director of SMU, highlighted the strong expansion of the EBITDA margin and the progress in terms of customers' buying experience, since the remodeling of local and new commercial campaigns.

He underlined the progress made by the company in the framework of the conversion plan of the premises realized since last year, which foresees the redevelopment of 130 Unimarc rooms over a period of

over five years. In this regard, he noted that "we have 29 re-inaugurations of stores in which we have implemented our value proposition, reorganizing our rooms according to the most relevant consumer opportunities for our customers".

Finally, he stressed the sharp reduction in spending. in the third quarter, with a decrease of $ 6,985 million, a decrease of 40.6% compared to the same period of 2017. "The above reflects the company's efforts to reduce its level of indebtedness. and strengthen its capital structure over the past two years, "said SMU's Managing Director.

Finally, in terms of operational efficiency, the company highlighted the inauguration of a new Alvi-exclusive distribution center: "This modern infrastructure has allowed us to strengthen the distribution chain and improve availability. products in our Alvi stores, providing better service to our traditional channel customers, "concluded Gálvez.