Mateus Group aims at IPO

With operations in wholesale and retail in the states of Maranhão and Pará, Mateus Group files the preliminary prospectus of its initial stock offering (IPO).
The group's revenue in the first half of the year closed at R$ 5.1 billion - representing a growth of 27% in the interannual comparison. Net income was R$ 297 million (up 78%) and the Ebitda closed at R$ 478 million, an increase of 62% in comparison.
The company has 66 stores of the Eletro Mateus network, 29 units of the Mix Atacarejo flag, 24 points of Mateus Supermercados and two Hiper Mateus.