D&S Third Quarter Results
25 Octobre 2007 - 11:07PM
PR Newswire (US)
SANTIAGO, Chile, Oct. 25 /PRNewswire-FirstCall/ -- Distribucion y
Servicio D&S S.A. (NYSE: DYS; Latibex: XDYS) announces earnings
for the third quarter 2007. Highlights III Quarter 2007 * 45.4%
increase in net profit to Ch$11,965 million (US$23.4 million),
representing 2.5% of revenues. * 28.2% increase in EBITDA. EBITDA
margin increased 150 bp. to 8.3% of revenues. * Operating income up
43.3% to Ch$24,214 million (US$47.4 million). Operating margin
increased by 140 bp. to 5.2% of revenues. * Net revenues increased
4.8% to Ch$469,901 million (US$919.2 million). * 8.8% nominal
increase in total sales, 6.4% nominal increase in same store sales
(SSS). * New store openings: 11 new stores have been added compared
to the closing of the third quarter 2006: 5 stores in the period
October-December 2006 (3 supermarkets Express by LIDER and 2
hypermarkets Hiper LIDER) and 6 stores in the period
January-September 2007 (3 Express by LIDER: Consistorial in
Penalolen, Metropolitan Region, with 1,640m2 of sales area; La
Serena-Balmaceda in the IV Region, with 2,161m2, and Nonato Coo in
Puente Alto, Metropolitan Region, with 2.044m2; 3 Hiper LIDER:
Coronel in the VIII Region with 4,020m2, and Melipilla in the
Metropolitan Region with 4,196m2; and hypermarket Chillan, VIII
Region, with 6,398m2). Express Pajaritos store was closed in
November 2006, and hypermarket LIDER Kennedy and Express Parque
Arauco were closed in January 2007. Express La Dehesa was remodeled
adding 800 m2 of sales area. All this accounted for a net increase
of 26,997 m2 of sales area, equivalent to an increase of 6.0% in
total sales area at September 30, 2007 compared to the same date in
2006. * Financial debt as of September 30, 2007 amounts to US$1,008
million, 48.1% short term. * Net income for the quarter =
Ch$1.84/share; Ch$110.20/ADR; US$0.22/ADR Figures in this report
are expressed in US$ millions, drawn from figures in Chilean pesos
restated by the CPI at September 30, 2007 and converted into
dollars using the observed exchange rate for the same date
(1US$=Ch$511.23). Third Quarter Consolidated Results 2007 2006 Var.
Ch$ US$ % Ch$ US$ % % million million of million million of Rev.
Rev. Sales 386,770 756.5 82.3% 372,789 729.2 83.1% 3.8% Other
Income 83,132 162.6 17.7% 75,563 147.8 16.9% 10.0% Net revenues
469,901 919.2 100.0% 448,352 877.0 100.0% 4.8% Cost of sales
339,611 664.3 72.3% 323,302 632.4 72.1% 5.0% Gross Income / Margin
130,290 254.9 27.7% 125,051 244.6 27.9% 4.2% Recurring Operating
Expenses 90,432 176.9 19.2% 94,325 184.5 21.0% -4.1% Start-up
Expenses 629 1.2 0.1% 122 0.2 0.0% 413.5% Total Operating Expenses
(SG&A) 91,060 178.1 19.4% 94,448 184.7 21.1% -3.6% EBITDA
39,229 76.7 8.3% 30,603 59.9 6.8% 28.2% Depreciation 15,015 29.4
3.2% 13,703 26.8 3.1% 9.6% Total Operating Expenses 106,076 207.5
22.6% 108,151 211.6 24.1% -1.9% Operating Income 24,214 47.4 5.2%
16,900 33.1 3.8% 43.3% Financial Expenses (7,196) (14.1) -1.5%
(7,212) (14.1) -1.6% -0.2% Other Non-operating Income (Expenses)
(2,283) (4.5) -0.5% 535 1.0 0.1% -526.6% Monetary Correction (139)
(0.3) 0.0% 217 0.4 0.0% -163.9% Non-Operating Income (9,617) (18.8)
-2.0% (6,460) (12.6) -1.4% 48.9% Income before Tax 14,597 28.6 3.1%
10,439 20.4 2.3% 39.8% Income Tax (2,617) (5.1) -0.6% (2,227) (4.4)
-0.5% 17.5% Minority Interest (15) (0.0) 0.0% 14 0.0 0.0% -205.0%
Income 11,965 23.4 2.5% 8,227 16.1 1.8% 45.4% Amortization of
Goodwill - 0.0 0.0% - 0.0 0.0% Net Income 11,965 23.4 2.5% 8,227
16.1 1.8% 45.4% For an extended version, visit our website
http://www.dys.cl/ For further information, please contact:
Alejandro Droste Chief Financial Officer 56-2-484-7754 Miguel Nunez
S. Finance Manager Retail 56-2-484-7754 Loreto Bradford Investor
Relations Officer 56-2-484-7757 DATASOURCE: Distribucion y Servicio
D&S S.A. CONTACT: Alejandro Droste, Chief Financial Officer,
+011-56-2-484-7754, , Miguel Nunez S., Finance Manager Retail,
+011-56-2-484-7754, , Loreto Bradford, Investor Relations Officer,
+011-56-2-484- 7757, , all of D&S Web site: http://www.dys.cl/
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