B2W Announces a Growth of 40% of Gross Revenue, 60% of EBITDA and an Improvement of 31 Days on the Cash Conversion Cycle in 4Q07

RIO DE JANEIRO, Brazil, March 6 /PRNewswire-FirstCall/ -- B2W Companhia Global do Varejo (BOVESPA: BTOW3), a company formed from the merger between Americanas.com and Submarino, announces today its consolidated results for the year and the 4th quarter of 2007. The merger between the two companies was approved at the Extraordinary Shareholders Meeting held on December 13, 2006. However, for comparison purposes, the comments on performance hereby compare the results of the year and the 4th quarter of 2007 with respective pro-forma unaudited financial statements for the year and the 4th quarter of 2006 of Americanas.com, Shoptime and Submarino compounded. Such pro-forma information does not replace audited Financial Statements filed at the Brazilian Securities and Exchange Commission (CVM).

B2W's portfolio is comprised of the brands Americanas.com, Shoptime, Submarino, Blockbuster Online, Ingresso.com, Submarino Finance and B2W Viagens, offering over 30 product categories through the Internet, catalogues, TV and kiosks.

4Q07 Highlights

-- Gross Revenue: +40% in 4Q07 and +44% in 2007
In 4Q07, gross revenue hit R$1,093 MM, representing a growth of 40% in
relation to 4Q06. In 2007, gross revenue reached R$3,394MM, up 44% over
the previous year.
-- Gross Margin: +10 bps in 4Q07 and +40 bps in 2007
Reached 30.0% of net revenue in 4Q07 and 30.2% of net revenue in 2007,
reflecting an increase of 10 bps and 40 bps in the same periods of the
previous, respectively.
-- Operating Expenses: -210 bps in 4Q07 and -140 bps in 2007
Reached 14.6% of net revenue, down 210 bps in relation to 4Q06. In
2007, the efficiency gain was of 140 bps, reducing operating expenses
to 16.0% of net revenue.
-- EBITDA: Sound Growth
EBITDA reached R$114.8MM in 4Q07 and R$334.9MM in 2007, representing an
increase of respectively 60% and 62% in relation to the same periods
the previous year.
-- EBITDA Margin: Accelerated Growth
Reached 15.4% of net revenue, up 220 bps in 4Q07, when compared to the
same period in 2006. In 2007, the growth was of 180 bps achieving the
mark of 14.2%.
-- Cash Conversion Cycle: Improvement of 31 days
In 4Q07, B2W's cash conversion cycle was 76 days against 107 days in
the same period of the preceding year.
-- 2007 Consolidated Results
Gross Revenue growth of 46% (R$3,593MM);
EBITDA of R$347MM, growth of 66%;
EBITDA Margin of 13.9%, up 180 bps.

For a complete version of the 4Q07 Earnings Release, access the company's website: www.b2winc.com

Conference Call and Webcast
(in Portuguese -- simultaneous translation into English)
March 07th, 2008
10:00 a.m. (ET)
12:00 a.m. (Brasilia Time)
Phone: +1 (888) 700.0802 (USA)
+1 (786) 924.6977 (Other countries)
Access code: B2W
Replay: +55 (11) 4688.6312
Access code to Replay: 127

First Call Analyst:
FCMN Contact: marcelo.fonseca@firb.com

Source: B2W Companhia Global do Varejo

CONTACT: Investor Relations Team, + 55-21-2206-6000, ri@b2winc.com,
B2W Companhia Global do Varejo

Web site: http://www.b2winc.com/

2008-03-06 19:14:48 0306932 PRNEWSWIRE