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Cencosud maintains stable sales in first quarter

The Chilean trade company Cencosud increased its sales in the field of home improvement in the first quarter by 0.6 per cent compared to the same period last year. It has reported the sales volume to be CLP 286.668 bn (EUR 320 mio). In local currencies, sales would have grown by 13.9 per cent.

This discrepancy is primarily due to inflation in Argentina where Cencosud made sales of CLP 118.596 bn (EUR 132 mio). In Argentinian pesos, that was 30.0 per cent more than in the same quarter of the previous year, however when converted to Chilean pesos, results in a minus of 2.3 per cent.

On the Chilean home market, Cencosud made sales with its home improvement division of CLP 149.532 bn (EUR 167 mio) and thus an increase of 2.4 per cent. In Colombia, sales grew by 6.2 per cent to CLP 18.540 bn (EUR 21 mio), however dropped by 1.9 per cent after adjusting for currency effects.

Cencosud's DIY sales channels are Easy and Blaisten. Since the fourth quarter of 2019, the e-commerce share in Cencosud's DIY business has risen from 3.3 to 4.5 per cent.

|26 May 2020 | 10:40


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