Springs provides for raising revenue by as much as 31%, to r $ 2.2 billion

The Springs, a manufacturer and retailer of products for bed, bath, and table designs again have positive operating income in 2013. The expectation is that the earnings before interest and taxes (Ebit) range between $ 100 million and $ 120 million, after a loss of r $ 21 million last year.
The company, a subsidiary of Coteminas, achieving net revenues between $ 2 billion and r $ 2.2 billion this year. The amount would represent a high of up to 31% for 2012.
Between $ 1 billion and $ 1.1 billion of total net sales in the year must be made in the channel from South America. In North America, revenue will reach between $ 700 million and $ 770 million. Brazilian retail, where the Group operates with the flags m. Martan, Artex and Moysés, net sales should be between $ 290 million and $ 320 million.
The estimates are presented in the report of first-quarter results. During the period, operating performance worsened, but the net loss shrank 47.2% to r $ 31.6 million due to the end of the negative effect of discontinued operations. NET Advanced 35.5% to r $ 497,3 million. But production costs are affected by energy prices, have risen more.
The President of Springs, Joshua Gomes da Silva, said that supply glitches have hampered the growth of same-store "sales in the quarter. He predicted indicator improvement throughout the year, by changes made in the administration of the retail operation.
He reported that the company renegotiated 75% of your debt maturing in 2013. The deadlines have passed for 2014 and 2015. The renegotiation was an event subsequent to the closing of the quarter. The end of March, the company had financial commitments of $ 388 million payment limit until December.