• Categories
  • Archives

Brazil Shoe Maker Grendene Boosts Revenues from Foreign Sales by 23%

Grendene ad piece Brazil's shoe manufacturer Grendene boosted by 12% its gross revenues in the third quarter compared with the same period of 2006. According to just-released company's information, Grendene posted gross revenues of 418.7 million Brazilian reais (US$ 241.2 million) during the period.

The domestic market accounted for 89% of gross revenues from July to September, a growth of 371.6 million reais (US$ 214.1 million), or 11.5%, over the same months of 2006. Exports answered to 11% of gross revenues, at 47.1 million reais (US$ 27.1 million), a 16.6% appreciation of the Brazilian currency, and a 32.3% appreciation of the dollar.

The adjusted net income stood at 81.6 million reais (US$ 47 million), surpassing by 6.5% the result recorded in the same period of last year. Grendene sold 37.8 million pairs between July and September, 10.5% more than in the same period of 2006. Of that total, 30.2 million pairs were destined to the domestic market, 2 million more, and 7.6 million pairs went to the foreign market, an increase of 25.8%.

In the first nine months of the year, gross revenues stood at 998.9 million reais (US$ 575.6 million), 9.9% more than recorded in the same period of 2006. Of that total, 84% came from the domestic market. The foreign market generated 158.4 million reais (US$ 91.2 million) for the company, an increase of 22.6%, in Brazilian currency, against the same period of 2006, and of 33.6% in dollars.

"The forecast for the last quarter of 2007 and beginning of 2008 is a growth even bigger than what is being posted. The economic conjuncture is favorable, plus we are having a good response with regard to exports," says Francisco Schmitt, Investor Relations Director at Grendene.

In the month of September, a new factory owned by Grendene went into operation, in the municipality of Teixeira de Freitas, in the northeastern Brazilian state of Bahia, with production capacity of 10 million pairs per year.

According to Grendene, the unit will allow for an increase in product competitiveness, as it is located near large consumer centers, such as the Southeast region of Brazil.



  • Show Comments (3)

  • kika vliegenthart

    leather custom sandals
    I would like to find a sandal manufacturer who could take 1 of my sandal designs in production.

  • gontle modibedi

    Shoe designer
    i nid to link with a shoe designer whom we can work together to open a store

  • alana lemay

    i need a shoe manufacturer
    i need information on a shoe manufacturer to make a line on new shoes. any help is much appreciated.

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


You May Also Like

One Third of Brazil’s Indians Live in Favelas

Buredupo’O (thank you), Celso Pitta” phrase in Pankararu, written on a banner hanging on ...

Brazil’s Jiu-Jitsu Becomes Required Course in the Emirates

Children between the ages of 10 and 14 in 12 public schools in Abu ...

Half of Brazilian Teachers Never Used Internet

The Unesco (United Nations Educational, Scientific and Cultural Organization) representative in Brazil, Jorge Werthein, ...

Brazil’s Rich-Poor Gap Shrinks and So Does Everyone’s Income

The latest numbers from the IBGE (Brazilian Institute of Geography and Statistics) show that ...

Lula’s Favorite Gets Face Lift Before Running for Brazil’s Presidency

Brazilian president Luiz Inácio Lula da Silva had already shown its preference. Now the ...

Chinese Goods Grow 229% in Brazil. Sanctions Only After Talks with Beijing.

Brazil’s Minister of Development, Industry and Foreign Trade, Luiz Fernando Furlan, says that the ...

Brazil Reticent on Releasing Papers on Country’s Imperialistic Moves and Nuke Ambitions

The possible release of secret documents dating back to 1864/70 Brazil-Paraguay war is causing ...

Trouble in US and EU Won’t Slow Down Brazil, Says Minister

Guido Mantega, the Brazilian Finance Minister, said that "for the moment" there's no reason ...

Promoting in Brazil Middle East’s Way of Prophet Abraham

Some of the objectives of the "Abraham Path Initiative" are promoting cultural exchange and ...

Brazil Wants Latin American Doors Open to Cuba

A joint declaration by the presidents of Brazil, Luiz Inácio Lula da Silva, and ...