Almacenes Éxito S.A. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012; Announces Executive Changes; Proposes to Increase Dividend
February 18, 2013
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Almacenes Éxito S.A. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported operating income of COP 2,938,673 million, operational profit of COP 205,086 million, net profit of COP 220,552 million and EBITDA of COP 297,767 million.
For the full year, the company reported operating income of COP 10,229,673 million, operational profit of COP 494,167 million, net profit of COP 475,305 million and EBITDA of COP 858,725 million.
The company announced that its board meeting held on February 22, 2013, the board approved decision made by Gonzalo Restrepo López to leave the post he has worked in for 22 years as president general director at the next shareholders' ordinary meeting to be held on March 19, and to appoint Carlos Mario Giraldo, current president of operations for the Retail Business, in his place. The Board of Directors announced the appointment of Gonzalo Restrepo López as Likewise, Filipe Da Silva was appointed new Financial Vice-President, replacing Christophe Hidalgo, who as of October last year has worked in the same post in Pao de Açucar, a Grupo Casino branch in Brazil.
The company proposed to increase dividends by 22%.
Almacenes Exito SA is a Colombia-based entity group, known as Exito, in the business of merchandise, wholesale and retail. The Groupâs main activities include distribution and sales any kind of national and foreign products, in retail outlets and online shopping, throughout multiple brands across Uruguay and Argentina such as: Exito, Carulla, Super Inter, Surtimax, Surtimayorista, Viva, Grupo Disco and Grupo Devoto. Additionally, Exito manages commercial premises for lease, within its commercial establishmentsâ purposes. Its complimentary services include: retail of fuel used in all classes of industrial sectors, establishing, financing or promoting group businesses and short-term investments in liquid assets, factoring and acquisitions.
Almacenes Éxito S.A. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012; Announces Executive Changes; Proposes to Increase Dividend