Vulcabras’ net income rose by 207 percent to 95.0 million Brazilian reais (€18.1m) from R$30.9 million for the period ended June 30. Operating earnings (Ebit) increased 73 percent to R$236.2 million (€45.1m). Ebitda was 30 percent higher at R$133.4 million (€25.5m) as the year-on-year gross margin percentage improved to 36.0 percent from 34.1 percent.
Group quarterly revenues increased 64 percent in local currency to R$656.8 million (€125.4m) from R$399.4 million as athletic footwear sales, including offerings from the Under Armour, Mizuno and Olympikus brands, rose by 56.5 percent to R$532.2 million (€101.7m). Unit growth was 26.8 percent higher at 5.014 million pairs. Apparel and accessories revenues were 153 percent higher year-on-year to R$70.1 million (€13.4m) on 2.015 million units versus 970,000 in the year-ago period. Meanwhile, Other footwear segment sales (slippers, boots, women’s footwear and shoe components) improved by 72.5 percent to R$54.5 million (€10.4m).
By region, sales in the group’s home Brazilian market increased by 60.5 percent to R586.0 million (€111.9m) and by 107 percent in all other global markets to R$70.8 million (€13.5m), mainly due to sales of Olympikus footwear. E-commerce sales were 121 percent year-on-year to R$27.9 million (€5.3m).
