Distribution & Service D&S Sa - Report of Foreign Issuer (6-K)
2008年5月5日 - 10:21PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
6-K
REPORT
OF FOREIGN ISSUER
PURSUANT
TO RULE 13a-16 OR 15b-16 OF
THE
SECURITIES EXCHANGE ACT OF 1934
For
May, 2008
Distribution
and Service D&S, Inc.
|
(Translation
of registrant’s name into English)
|
|
Avenida
Presidente Eduardo Frei Montalva 8301
|
Quilicura,
Santiago, Chile
|
(Address
of principal executive
offices)
|
Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F:
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1):
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7):
Indicate
by check mark whether the registrant by furnishing the information contained
in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
If
“Yes” is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): N/A
D&S
First Quarter Results
SANTIAGO,
Chile, May 2 /PRNewswire-FirstCall/ -- Distribucion y Servicio
D&S S.A.
(NYSE: DYS; Latibex: XDYS) announced earnings for the first quarter
2008:
Highlights
I Quarter 2008
|
--
|
Net
income increased 11.7% to Ch$11,081 million (US$25.3
million). Net margin
increased 20 bp. to 2.4% of revenues.
|
|
--
|
12.0%
increase in EBITDA, which totaled Ch$37,669 million
(US$86.1 million).
EBITDA margin increased 40 bp. to 8.0% of
revenues.
|
|
--
|
Operating
income up 16.4% to Ch$22,332 million (US$51.0 million).
Operating margin
increased by 50 bp. to 4.8% of revenues.
|
|
--
|
Gross
income up 6.3%, amounting to Ch$136,018 million (US$310.7
million). Gross
margin increased by 20 bp. to 29.1% of
revenues.
|
|
--
|
5.6%
increase of net revenues to Ch$468,142 million (US$1,069.5
million).
|
|
--
|
New
store openings: 13 new stores have been added compared to the closing of
the first quarter 2007. Of these, 7 are Express by
LIDER, 5 are Hiper
LIDER and 3 are stores of the new warehouse concept,
Superbodega Acuenta.
Additionally, one Express store was closed, one was
transformed into a
warehouse Acuenta, and one Hiper LIDER store was remodeled
adding 1,716m2
of sales area. All this accounted for a net increase
of 41,608 m2 of sales
area, equivalent to an increase of 9.0% over total
sales area at March 31,
2007. Additionally, 22 new Ekono stores have been added
to the 14 existing
at March 31, 2007, totaling 36 stores in operation.
|
|
--
|
Financial
debt reached US$1,325.6 million, 55.5% short
term.
|
|
--
|
Net
income for the quarter = Ch$1.70/share; Ch$101.97/ADR;
US$0.23/ADR.
|
*Figures
in this report are expressed in US$ Millions, drawn from figures
in Chilean
pesos restated by the CPI at March 31, 2008 and converted into
dollars using the
observed exchange rate for the same date (1US$=Ch$437.71).
Results
of Operations -First Quarter 2008
The
following table sets forth the main items of the income statement
for the
periods indicated, their respective percentages of net revenues
and percentages
change between periods:
I
Quarter
Consolidated Results
|
|
2008
|
|
2007
|
|
Var.
|
|
|
|
Ch$
million
|
|
US$
million
|
|
%
of
Rev.
|
|
Ch$
million
|
|
US$
million
|
|
%
of
Rev.
|
|
%
|
|
Sales
|
|
|
382,228
|
|
|
873.2
|
|
|
81.6
|
%
|
|
363,510
|
|
|
830.5
|
|
|
82.0
|
%
|
|
5.1
|
%
|
Other
Income
|
|
|
85,914
|
|
|
196.3
|
|
|
18.4
|
%
|
|
79,953
|
|
|
182.7
|
|
|
18.0
|
%
|
|
7.5
|
%
|
Net
revenues
|
|
|
468,142
|
|
|
1069.5
|
|
|
100.0
|
%
|
|
443,464
|
|
|
1013.1
|
|
|
100.0
|
%
|
|
5.6
|
%
|
Cost
of sales
|
|
|
332,124
|
|
|
758.8
|
|
|
70.9
|
%
|
|
315,474
|
|
|
720.7
|
|
|
71.1
|
%
|
|
5.3
|
%
|
Gross
Income / Margin
|
|
|
136,018
|
|
|
310.7
|
|
|
29.1
|
%
|
|
127,989
|
|
|
292.4
|
|
|
28.9
|
%
|
|
6.3
|
%
|
Recurring
Operating Expenses
|
|
|
98,192
|
|
|
224.3
|
|
|
21.0
|
%
|
|
94,125
|
|
|
215.0
|
|
|
21.2
|
%
|
|
4.3
|
%
|
Start-up
Expenses
|
|
|
157
|
|
|
0.4
|
|
|
0.0
|
%
|
|
234
|
|
|
0.5
|
|
|
0.1
|
%
|
|
-32.9
|
%
|
Total
Operating Expenses (SG&A)
|
|
|
98,349
|
|
|
224.7
|
|
|
21.0
|
%
|
|
94,358
|
|
|
215.6
|
|
|
21.3
|
%
|
|
4.2
|
%
|
EBITDA
|
|
|
37,669
|
|
|
86.1
|
|
|
8.0
|
%
|
|
33,631
|
|
|
76.8
|
|
|
7.6
|
%
|
|
12.0
|
%
|
Depreciation
|
|
|
15,337
|
|
|
35.0
|
|
|
3.3
|
%
|
|
14,451
|
|
|
33.0
|
|
|
3.3
|
%
|
|
6.1
|
%
|
Total
Operating Expenses
|
|
|
113,685
|
|
|
259.7
|
|
|
24.3
|
%
|
|
108,810
|
|
|
248.6
|
|
|
24.5
|
%
|
|
4.5
|
%
|
Operating
Income
|
|
|
22,332
|
|
|
51.0
|
|
|
4.8
|
%
|
|
19,179
|
|
|
43.8
|
|
|
4.3
|
%
|
|
16.4
|
%
|
Financial
Expenses
|
|
|
(7,418
|
)
|
|
(16.9
|
)
|
|
-1.6
|
%
|
|
(6,524
|
)
|
|
(14.9
|
)
|
|
-1.5
|
%
|
|
13.7
|
%
|
Other
Non-operating Income (Expenses)
|
|
|
(240
|
)
|
|
(0.5
|
)
|
|
-0.1
|
%
|
|
(412
|
)
|
|
(0.9
|
)
|
|
-0.1
|
%
|
|
-41.6
|
%
|
Monetary
Correction
|
|
|
(1,343
|
)
|
|
(3.1
|
)
|
|
-0.3
|
%
|
|
(325
|
)
|
|
(0.7
|
)
|
|
-0.1
|
%
|
|
313.0
|
%
|
Non-Operating
Income
|
|
|
(9,001
|
)
|
|
(20.6
|
)
|
|
-1.9
|
%
|
|
(7,260
|
)
|
|
(16.6
|
)
|
|
-1.6
|
%
|
|
24.0
|
%
|
Income
befote Tax
|
|
|
13,331
|
|
|
30.5
|
|
|
2.8
|
%
|
|
11,919
|
|
|
27.2
|
|
|
2.7
|
%
|
|
11.8
|
%
|
Income
Tax
|
|
|
(2,264
|
)
|
|
(5.2
|
)
|
|
-0.5
|
%
|
|
(2,022
|
)
|
|
(4.6
|
)
|
|
-0.5
|
%
|
|
12.0
|
%
|
Minority
Interest
|
|
|
14
|
|
|
0.0
|
|
|
0.0
|
%
|
|
23
|
|
|
0.1
|
|
|
0.0
|
%
|
|
-38.4
|
%
|
Income
|
|
|
11,081
|
|
|
25.3
|
|
|
2.4
|
%
|
|
9,920
|
|
|
22.7
|
|
|
2.2
|
%
|
|
11.7
|
%
|
Amortization
of Goodwill
|
|
|
-
|
|
|
0.0
|
|
|
0.0
|
%
|
|
-
|
|
|
0.0
|
|
|
0.0
|
%
|
|
|
|
Net
Income
|
|
|
11,081
|
|
|
25.3
|
|
|
2.4
|
%
|
|
9,920
|
|
|
22.7
|
|
|
2.2
|
%
|
|
11.7
|
%
|
Currency
of March 2008, exchange rate US$=Ch$437.71 of March 31, 2008.
For
an
extended version visit our website http://www.dys.cl
For
further information please contact:
Alejandro
Droste
Chief
Financial Officer
adroste@dys.cl
56-2-484
7754
Miguel
Núñez S.
Finance
Manager
mnunez@dys.cl
56-2-484
7754
Loreto
Bradford
Investor
Relations Officer
lbradford@dys.cl
56-2-484
7757
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized, in the city of Santiago, Chile.
|
|
|
|
DISTRIBUCIÓN
Y SERVICIO D&S S.A.
|
|
|
|
|
By:
|
/s/
Alejandro Droste B.
|
|
Alejandro
Droste B.
|
|
Chief
Financial Officer
|
Dated:
May 2, 2008
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