Cencosud S.A. provided earnings guidance for the year 2015 and capex Guidance for 2015 to 2018. For the year 2015, the company expects revenue of USD 19.3 billion to USD 21.1 billion, and an adjusted EBITDA margin of 7.0% to 7.4%, for the year 2015. Full year 2015 capex for organic growth and remodeling of stores is expected to total approximately USD 545 million. This entails capex of USD 230 million for new stores and shopping center investments.  In addition, the company expects to spend USD 100 million on IT and related systems, USD 15 million on additional non-retail development of the Costanera Center for the hotel and for traffic mitigation works, USD 100 million for maintenance and USD 100 for remodeling of existing stores.

The company also announced a growth plan for the 2015-2018 period with a total capex budget of USD 2.4 billion to USD 3.0 billion. This capex guidance reflects Cencosud's priorities of limiting leverage for the next 4 years while maintaining breakeven or positive free cash flow, sustaining its growth and serving its regional customer base.