BOGOTA, Colombia – Procafecol S.A., the company that manages the Juan Valdez Café brand and retail chain, had an optimal financial performance in 2016’s first quarter. The positive results in terms of operating income, EBITDA (Earnings Before Interest Taxes Depreciation and Amortization), and net income reflect the consolidation of the brand’s expansion strategy through all of its commercial channels.
Between January and April 2016, Procafecol’s operating income increased 28% by reaching a total of US$ 19 million. The company’s net income reached a total of US$ 586,764, entailing an 82% increase compared to the US$ 323,028 registered during 2015’s first quarter.
Similarly, the company’s EBITDA reached US$2,46 million; three times as much as the US$ 810,648 registered between January and April 2015.
The share of cost of sales in Procafecol’s operating income dropped from 39.8% in 2015’s first quarter to 37.1% in 2016.
Likewise, the share of expenses for operating activities in the company’s income declined 2.7% by going from 59.7% in 2015’s first quarter, to 57% between January and April 2016.
The expansion strategy led by Procafecol, which has been one of the key stimulants of the company’s growth, was strengthened during 2016’s first quarter.
A total of ten new Juan Valdez Café stores opened their doors to the public between January and April 2016.
Three of these stores are located in Colombia and seven are located abroad. By the end of March 2016, a total of 347 Juan Valdez Cafés were operating worldwide (232 in Colombia and 115 abroad).
