Grendene S.A. Reports Earnings Results for the Full Year Ended December 31, 2020
March 04, 2021 at 11:25 pm
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Grendene S.A. Announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was BRL 1,896.785 million compared to BRL 2,071.034 million a year ago. Operating income was BRL 301.199 million compared to BRL 569.361 million a year ago. Net income was BRL 405.206 million compared to BRL 819.217 million a year ago.
Grendene SA is a Brazil-based company mainly engaged in the production and sale of synthetic footwear for domestic and foreign markets. The Company's activities are divided into two business segments: Footwear and Furniture. The Footwear division develops, manufactures, distributes and sells shoes for various uses and for all social classes, in the male, female, child and mass market segments. Its brand names portfolio includes Rider, Ipanema, Zaxi, Grendha, Grendene Kids and Melissa, among others. The Furniture division focuses on the sale, import and export of furniture and supplements made from plastic. The Company sells its products through commercial representatives, distributors and direct export. It operates a number of manufacturing plants in Brazil. It controls Grendene Argentina SA, MHL Calcados Ltda and Grendene USA Inc, among others.
GRENDENE S.A. 
