"The worst of the crisis has passed," said Frederico Trajano, President of Magazine Luiza

The group reported this morning Jiddah Monday (31/10), in a teleconference with analysts that the July to September period was the best quarter in the year. Frederico Trajano, President of the company, stated that the e-commerce operation had record performance in the range. "The worst of the crisis has passed," he said.
According to the company, all categories of products recorded growth in the third quarter, with double-digit expansion with telephony high, image line (such as televisions), with high double digits below and the white line (refrigerators and air conditioning), a low-digit in the range analyzed.
Between regions in the country, the Northeast has grown in pace next to the site in the third quarter, and the region of greater São Paulo, affected by the crisis, began showing signs of stronger recovery.
In relation to the financial transaction, the company reported that the participation of Luiza card sales record from July to September. In assessing the direction, the year 2017 will have gradual recovery of the economy.
The retailer profit recorded in the third quarter net profit of R$ 24,800,000, reversing losses of 19,100,000 R$ the same period in 2015.
Revenue from July to September totaled 2.26 billion R$, 8.46% compared to the previous year. The earnings before interest, taxes, depreciation and amortization (Ebitda) rose 63.4% in the range R$ to 180,400,000.