CHILE (Notifix.) – Falabella Group reached a consolidated net income in the second quarter 2013 of USD 208 million, an increase of 12.6% compared to the same period of 2012.

During the second quarter of 2013, consolidated revenues totaled USD 3.116 million, an increase of 10.1% compared to the same quarter of 2012 and for the first semester 2013, revenues were USD 6.038 million, 9.4% higher compared to the first half of last year. Falabella explained that higher revenues were due to an increase in sales area built in the last twelve months, in addition to positive growth in same-store sales (SSS), particularly in Sodimac and Tottus in Chile and all operations in Peru.

As a result, in the second quarter consolidated EBITDA amounted to USD 424 million, which represented a growth of 17.4% and a 0.8 percentage point expansion in EBITDA margin compared to the same period 2012.

With operations in Chile, Peru, Argentina and Colombia, the Falabella Group is a leader in regional retail through its banners: Saga Falabella (department store), Sodimac-Homecenter and Constructor (home improvement and construction), Tottus (supermarkets). Its financial arm includes Banco Falabella, Falabella Insurance, Falabella Travel and CMR credit card. Falabella Group also operates 32 shopping centers in Chile, Peru and Colombia.

The period also saw the Group’s entry to the Brazilian market, with the announcement on 27 May, by which Sodimac Brazil, acquired 50.1% of Construdecor SA, a home improvement chain by the Dicico brand with 57 stores in the state of Sao Paulo.

In June Sodimac also announced its entry into Uruguay with the construction of two Homecenter stores in the metropolitan area of Montevideo. The company’s plan is to have four stores in total over the next four years.