Hypermarcas offers diapers unit to CMPC, however sees possible recovery in Q2

The company''s Chief Executive, Claudio Bergamo, considered, however, that the period is also marked by the impact of labor bargaining in the enterprise, "which is coming on the order of 10%. The company announced net profit of 1 billion dollars for the first quarter, a result supported by the completion of the sale of cosmetics arm for Coty. The Ebitda margin (earnings before interest, taxes, depreciation and amortization), however, fell 0.3% to 37.5%. Bergamo commented that Hypermarcas will analyze over the next two quarters the effects of price adjustment of April on sales volume, which can fall back on the restrictive scenario faced by consumers. "We''re going to have to be on the alert for the next two quarters to see if the new heights of growth (sales) oil stabilizes," said the Executive at Conference with analysts on Thursday. According to him, strong price adjustments in the diaper industry since last year have left potential interested in unsecured company Division to continue evaluating a takeover. However, the President expects a Hypermarcas potential sale of diapers to occur within a year, after stabilisation of operations into a separate unit. Last October, Reuters published quoting source Hypermarcas had hired Citigroup, Bank of America Merrill Lynch and Bradesco BBI to find alternatives to the diaper drive. In addition to the Kimberly-Clark, Hypermarcas offered the unit to a group of companies that includes the Chilean Companies CMPC, Procter Gamble and Svenska Cellulosa &. Initially, Hypermarcas intended to raise about 1.5 billion reais from the sale of the unit.