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    LAME4   BRLAMEACNPR6

LOJAS AMERICANAS S.A.

(LAME4)
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Brazil's Lojas Americanas to buy grocery chain Hortifruti for $400 mln

08/11/2021 | 07:19pm EST

BRASILIA, Aug 11 (Reuters) - Brazilian retailer Lojas Americanas SA said on Wednesday it had agreed to acquire grocery chain Hortifruti Natural da Terra for 2.1 billion reais ($402 million), in a strategic move into the fresh foods sector.

Hortifruti offers fresh produce through 73 stores in four Brazilian states, generating 2 billion reais in unaudited gross revenue in the year ended June 30, according to a securities filing by Lojas Americanas on the deal.

Americanas, controlled by the founders of investment holding 3G Capital led by Jorge Paulo Lemann, already has a large e-commerce operation it has decided to integrate in April.

Hortifruti, controlled by Swiss private equity firm Partners Group AG, will be sold for nine times its earnings before interest, taxes, depreciation and amortization (EBITDA), a common operational profit gauge.

Hortifruti in April filed plans to go public with Brazilian securities industry watchdog CVM.

($1 = 5.2187 reais) (Reporting by Jake Spring and Tatiana Bautzer; Editing by Leslie Adler and Richard Chang)


ę Reuters 2021
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Financials
Sales 2021 27 407 M 4 952 M 4 952 M
Net income 2021 408 M 73,7 M 73,7 M
Net Debt 2021 1 807 M 326 M 326 M
P/E ratio 2021 12,6x
Yield 2021 2,29%
Capitalization 10 702 M 1 929 M 1 934 M
EV / Sales 2021 0,46x
EV / Sales 2022 0,42x
Nbr of Employees 37 200
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Lojas Americanas S.A. Technical Analysis Chart | LAME4 | BRLAMEACNPR6 | MarketScreener
Technical analysis trends LOJAS AMERICANAS S.A.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 5,68 BRL
Average target price 9,00 BRL
Spread / Average Target 58,5%
EPS Revisions
Managers and Directors
Miguel G. Pereira Sarmiento Gutierrez Chief Executive Officer
Eduardo Saggioro Garcia Chairman
Paulo Veiga Ferraz Pereira Independent Director
Fiamma Orlando Zarife Independent Director
Cristina Artimonte Farjallat Independent Director
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