Chile: Cencosud reports growth of 17.3% in local currency

 

The Chilean trading group Cencosud made sales of CLP 284.938 bn (€362m) in its home improvement division in the first quarter and thus 12.1% less than in the same period last year. However the deficit stems from the continuing devaluation of the Argentinian pesos.

 

In local currencies, sales increased by 17.3%. In Argentina, sales rose by 25.6% in local currency, in Chilean pesos however, they sank by 29.6% to CLP 121.442 bn (€154m). Same store sales gained 24.8% – this amount is also a result of inflation. In its home market, the Chilean company made sales of CLP 146.047 bn (€185m), thus 7.3% more than the same period last year.

 

The same store sales also grew by 6.8% here.  In Colombia, sales in both the local currency as well as in Chilean pesos increased by 13.0% to CLP 17.449 bn (€22m). The same store sales also rose by the same amount.

 

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