Mexican giant Liverpool rises its sales 9% in first half

Liverpool closes strongly the first semester. The Mexican department store, owner of Suburbia and shopping centers Galerías, has finished the first part of 2019 with its profit on the rise.

After rising its utilities in a 3.4% during the first trimester, the company accumulated a rise of 7.6% as a net result, 209.9 million dollars. Not taking into consideration the IFRS 16 leases, implemented in the country in January 2019, in which case the benefit would have been 11.6%, up to 217.6 million dollars.

Between January and June, the earnings before interest, taxes, depreciation and amortization (ebitda) of Liverpool was of 452.9 million dollars, which came into an interannual rise of 19.4% taking into consideration IFRS 16 leases.

Liverpool’s turnover arrived at 2.9 billion dollars with all its chains during the first semester

During the first semester, sales of the Mexican giant went up to 2.9 billion dollars, a 9% higher than the same period last year. Only during the second trimester, Liverpool grew 8.7%, up until 1.6 billion dollars. 

Because of its chains, the group scored 2.5 billion dollars, an 8% more than in the first semester of 2018. On the other hand, Suburbia was the one with the biggest rise, with an 8.2%, up to 392.5 million dollars.

The group continued the transformation process of its old factories in France. Liverpool closed two distributing chains and turned five French factories into Suburbia stores. At the same time opened a store at a former Walmart.   

Liverpool, big in omnichannel, raised its income through ecommerce in a 30.2% during the first semester. Sales of the online platform of the group represent 8.3% of the total invoice of the Mexican giant.