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MarketScreener Homepage  >  Equities  >  Bolsa de Valores de Sao Paulo  >  C&A Modas S.A.    CEAB3   BRCEABACNOR1

C&A MODAS S.A.

(CEAB3)
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C&A Modas S A : Retailer C&A's controlling shareholder denies sale of Brazil unit

10/19/2020 | 09:26am EST

SAO PAULO, Oct 19 (Reuters) - The parent company of Dutch fast fashion retailer C&A on Monday denied a report that it was seeking to sell its controlling stake in the brand's Brazilian unit, according to a securities filing.

Brazilian newspaper Valor Economico reported on Monday that the Brenninkmeijer family, which controls C&A via COFRA Holding, is considering selling its stake in the retailer's Brazilian subsidiary.

"COFRA confirms that no process is currently underway with regards to C&A Modas S.A. and COFRA remains supportive of the business and its performance," C&A Modas said in a securities filing.

Shares in the subsidiary C&A Modas were up more than 10% in morning trading, before paring gains to close up more than 7% at 13.37 reais each, following the report.

A possible sale of the Brazilian unit comes as part of C&A's efforts to concentrate its operations in Europe, the report said.

C&A listed its Brazilian unit on the country's stock exchange last year but still holds a roughly 65% stake. (Reporting by Carolina Mandl; Editing by Edmund Blair and Chizu Nomiyama)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
C&A MODAS S.A. 0.79% 14.06 End-of-day quote.-21.63%
EURO / BRAZILIAN REAL (EUR/BRL) -0.01% 6.4421 Delayed Quote.41.57%
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Financials
Sales 2020 4 431 M 815 M 815 M
Net income 2020 -44,0 M -8,09 M -8,09 M
Net Debt 2020 351 M 64,5 M 64,5 M
P/E ratio 2020 -97,0x
Yield 2020 1,19%
Capitalization 4 365 M 803 M 803 M
EV / Sales 2020 1,06x
EV / Sales 2021 0,84x
Nbr of Employees 14 815
Free-Float 32,2%
Chart C&A MODAS S.A.
Duration : Period :
C&A Modas S.A. Technical Analysis Chart | CEAB3 | BRCEABACNOR1 | MarketScreener
Technical analysis trends C&A MODAS S.A.
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 6
Average target price 15,33 BRL
Last Close Price 14,06 BRL
Spread / Highest target 28,0%
Spread / Average Target 9,06%
Spread / Lowest Target -14,7%
EPS Revisions
Managers
NameTitle
Paulo Correa President, Chief Executive Officer & Director
Luiz Antonio de Moraes Carvalho Chairman
Fernando Garcia Brossi Vice President-Operations
Milton Lucato Filho Chief Financial Officer
Petrus Johannes Zegger Director
Sector and Competitors
1st jan.Capitalization (M$)
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