Falabella's Q1 results

What: During the first quarter of 2022, total revenues increased by 18%, while Ebitda and profits fell comparing to Q1 2021.

Why it is important: Falabella generated profits of 92 million dollars between January 1 and March 31. This figure is 47% lower than in the same period last year.

The Ebitda reached 371 million, which represents for the Chilean giant a slowdown of 17% compared to the same period of 2021. The fall is mainly explained by an increase in administrative and sales expenses.

The company's consolidated revenue rose 18% reaching 3719 million dollars, thanks to the home improvement, banking business and department store branches. Falabella sales reached about 4000 million dollars and a growth of 15.8%, compared to the first quarter of 2021.