São Paulo, February 12th, 2015 – GPA [BM&FBOVESPA: PCAR4; and NYSE: CBD] releases its fourth quarter (4Q14) of 2014 earnings results.

Highlights in the year


Adjusted EBITDA grows 19.7% to R$ 5.4 billion
Expansion of 20.1% of adjusted net income to R$ 2.084 billion
Net cash position 2.4x higher than in the end of 2013
Strong organic growth with the opening of 212 stores

Highlights in the quarter


Adjusted EBITDA advances 21.7%, supported by efficiency gains in all businesses

Food Businesses (Multivarejo + Assaí)

Adjusted EBITDA grows 5.9%, with margin of 10.5%
Adjusted net income of R$ 511 million, with margin of 5.2%

Via Varejo

Adjusted EBITDA grows 40.6%, with margin of 12.7%
Adjusted net income of R$ 375 million, growing 47.1% on 4Q13

Click on the links below in order to access:

4Q14 and FY14 Earnings Release

2014 Financial Statements


February 13th, 2015
11:00 a.m. (Brasília time) | 8:00 a.m. (NY) | 1:00 p.m. (London)
Conference in English (simultaneous translation)
+1 (646) 843-6054
Webcast: click here.
Conference in Portuguese (original language)
+55 (11) 2188-0155
Webcast: click here.

Replay: +55 (11) 2188-0400
Access code for audio in English: GPA
Access code for audio in Portuguese: GPA
The conference call will also be available in audio format on http://www.gpari.com.br/.

Please dial in five minutes prior to the scheduled conference call time.

Departamento de Relações com Investidores – Investor Relations Team
+55 (11) 3886-0421