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B2W loss increased to R $ 163 million in the first quarter; Sales progress 90%

Sao Paulo – B2W (BTOW3), Owner of Submarino and Americanas.com, reported a net loss of R $ 163.6 million in the first quarter of 2021, an increase of 51.5% compared to the R $ 108 million recorded in the same period in 2020.

On the other hand, the company stated that it achieved a 90.4% increase in total sales (GMV, abbreviated in English) compared to the previous year, reaching 8.68 billion BRL.

Adjusted earnings before interest, tax, depreciation and amortization (Ebitda) amounted to BRL 129.4 million, an increase of 1.4% compared to the R $ 127.6 million recorded in the same period in 2020.

See more by clicking hereIt allows for expedited delivery initiatives, including deliveries within 3 hours, which totaled 2.1 million orders per quarter
(13.7% do the total).

“The ultra-fast delivery model is one of our priorities for 2021. And in that sense, in
In April 2021, we announced the acquisition of Shipp, an on-demand delivery startup offered to
About 36 minutes ”.

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