CHILE – The Falabella Group achieved a consolidated net profit in the second quarter of 2015 of CLP 115,422 million (USD 181 million), up 10% compared to the same period of 2014. The period also marked the opening of the first stores under the Homecenter Sodimac banner in Uruguay and Brazil.

Group consolidated revenues in the second quarter of 2015 amounted to CLP 2,001,878 million (USD 3,133 million), representing an increase of 10.1% over the same period last year. The higher revenues are explained in part by the consolidation of Maestro in Peru, by an increase in the sales area (6.2%) in the region and revenue growth of Sodimac, Tottus and the real estate business in Chile. Consolidated EBITDA in the second quarter amounted to CLP 262,906 million (USD 411 million), growing by 11.2% year on year, while the EBITDA margin was 13.1%, 12 basis points higher than the margin in the second quarter 2014.

In the second quarter the Falabella Group opened six new stores in the region. It opened five Sodimac home improvement stores, including the first store of the Group in Uruguay (Homecenter Montevideo) and the first store with the Homecenter format in Brazil (Sao Paulo). Moreover, Sodimac opened two stores in Chile (Homecenter in Coronel and Imperial in Puerto Montt) and one in Colombia (Homecenter Girardot). Tottus opened a supermarket in Chile (Santiago).