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Missing netshoes is almost triple in Q3, with sales down



The e-commerce platform had a net loss of R $ 140.6 million from July to September, compared to a negative result one year before R $ 47.8 million

By
Reuters

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November 13, 2018, 9:48 p.m.

São Paulo – The e-commerce platform Netshoes she saw her almost three-fold loss in the third quarter, expanding the problems of the company that had struggled with a combination of lower sales and closure of business units.

The company, which has a main market in Brazil but whose shares have been posted on the Nasdaq, on Tuesday, have lost a net of 140.6 million reais from July to September, from & # 39; compared to the negative result of a year earlier of 47.8 million.

Despite an increase of 18.2 per cent in the number of customers during the 12 month period ending September, the company's net revenue reached 3.2 per cent in the third quarter of a year earlier to 417.8 million reais.

In order to try to improve its financial situation, Netshoes has been abolished as part of assets and debt renegotiation. Last month, he sold his business in Mexico and ended his B2B business, from transactions between corporate clients.

"This quarter also enabled us to raise financial flexibility in completing the successful renegotiation with our operating and debenture capital lines banks, increasing the term of original contract in one year to 2021 and having a period gras or 12 months "Netshoes said in the earnings report.

In August, Reuters reported stating that Netshoes was working with Goldman Sachs to try a new shareholder who could spray capital to the company after the bank helped the company refinancing its debt .


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