Iguatemi Empresa de Shopping Centers S.A. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported net revenues of BRL 185,704,000 against BRL 183,752,000 a year ago. Profit before Fin. Revs. (Exp.) and taxes was BRL 123,751,000 against BRL 116,260,000 a year ago. Profit before taxes on profit was BRL 81,633,000 against BRL 65,081,000 a year ago. Profit Attributed to owners of parent company was BRL 62,932,000 against BRL 48,898,000 a year ago. EBITDA was BRL 150,480,000 against BRL 142,760,000 a year ago. FFO was BRL 90,947,000 against BRL 76,272,000 a year ago. EBIT was BRL 123,751,000 against BRL 116,260,000 a year ago.

For the full year the company reported net revenues of BRL 692,156,000 against BRL 668,147,000 a year ago. Profit before Fin. Revs. (Exp.) and taxes was BRL 434,226,000 against BRL 412,975,000 a year ago. Profit before taxes on profit was BRL 262,416,000 against BRL 203,208,000 a year ago. Profit Attributed to owners of parent company was BRL 215,726,000 against BRL 161,583,000 a year ago. Net cash from operations was BRL 141,495,000 against net cash used in operating activities of BRL 6,088,000 a year ago. CAPEX was BRL 98.1 million. EBITDA was BRL 540,558,000 against BRL 521,296,000 a year ago. FFO was BRL 325,205,000 against BRL 272,516,000 a year ago. EBIT was BRL 434,226,000 against BRL 412,975,000 a year ago. Net Debt was BRL 1,603,020,000.

The company provided earnings guidance for the full year of 2018. For the period, the company expects net revenues growth in the range of 2% to 7%, EBITDA margin in the range of 75% to 79% and CAPEX in the range of BRL 170 million to BRL 220 million.