Multiplan posts higher sales of almost 3% during 2016

Sales in the last quarter also grew 3%


Multiplan on January 17 disclosed the preliminary sales and occupancy results of the group's shopping centers for the year and the fourth quarter of 2016. The figures show that mall sales reached R$ 13.7 billion, the highest ever recorded in a single year, representing growth of 2.9% over 2015.

The five newest malls, ParkShoppingSãoCaetano, JundiaíShopping, ParkShoppingCampoGrande, VillageMall and Parque Shopping Maceió, in the consolidation phase, recorded a 6.4% increase in combined sales, above the portfolio average, totaling R$ 2.4 billion. The satellite stores reached R$ 27,106/m² in sales, representing accrued growth of 13.2% over 2013.

Sales in the quarter were up 3.0% over the same period of the previous year, reaching R$ 4.4 billion, maintaining the history of growth in every quarter since the company's IPO in 2007.

Same Area Sales (SAS) grew 3.3% in the year, representing accumulated growth of 14.9% since 2013. Same Store Sales (SSS) rose 1.9% in 2016. The Services segment posted highest growth in the period, followed by Home & Office.

The SAS indicator presented an increase of 2.5% compared to 4Q15, while the SSS rose by 1.5%. It is important to note that this evolution came on top of strong earlier performances, considering SSS growth of 7.9% and 2.1% in 4Q14 and 4Q15, respectively.

Multiplan's portfolio sustained a high occupancy rate over the year, averaging 97.5%. The Company recorded an average occupancy rate during the quarter of 97.3%, while in December 2016 it was 97.4%, in line with 3Q16's average.

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