Iguatemi Empresa de Shopping Centers S.A. reported consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported net revenues of BRL 167,349,000 against BRL 160,487,000 a year ago. Profit before taxes on profit was BRL 55,807,000 against BRL 49,324,000 a year ago. Profit in the period was BRL 50,619,000 against BRL 38,712,000 a year ago. Profit in the period attributed to owners of parent company was BRL 50,010,000 against BRL 38,209,000 a year ago. Net cash from operations was BRL 80,992,000 against BRL 200.871,000 a year ago. EBITDA reached BRL 125.8 million, a 2.5% drop against the quarter of 2016, but with a very strong margin of 75.2% in the quarter. FFO also reached BRL 77.1 million, an increase of 18.5%. Net debt coming in it at BRL 1.6 billion.

For the year 2017, the company expects net revenue growth of 2% to 7%. EBITDA margin of 73% to 77%. The company maintain its guidance that released in the beginning of the year. CapEx should be between BRL 80 million to BRL 130 million, and so far the company has CapEx up BRL 41 million.