Grupo Soma (SOMA3) reported an adjusted net profit of R$113.2 million in the fourth quarter of 2023, showing an increase of 13.9% compared to the same period in 2022.
Adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) reached a total of R$ 238.5 million in 4QR23, representing a growth of 13.2% compared to 4QR22.
The adjusted EBITDA margin reached 15.9% in the period from October to December last year, registering an increase of 0.4 percentage points compared to 4QR22.
Net revenue totaled R$1.498 billion in the fourth quarter of 2023, showing growth of 10.4% compared to the same period in 2022.
Soma Group (SOMA3)
Adjusted gross profit reached R$861.4 million in 4Q23, an increase of 16.1% compared to the same period of the previous year. Adjusted gross margin was 57.5% in 4QR23, registering an increase of 2.9 percentage points compared to 4QR22.
Same-store sales (SSS) increased 8.9% in 4QR23, showing growth of 1.5 percentage points compared to the same period in 2022.
The net financial result was negative R$58.9 million in the fourth quarter of 2023, compared to losses of R$56.3 million in the same period of 2022.
The company
Grupo Soma is a Brazilian company that operates in the fashion retail sector. Founded in 2013, the group has several brands recognized in the Brazilian fashion market, such as Farm, Animale, A.Brand, FYI, among others.
The company operates both in the physical retail segment, with stores in several cities across the country, and in the e-commerce segment, offering its products to customers throughout the country. The company focuses on offering contemporary fashion products, with differentiated design and quality, serving different audiences and styles.
