Azzas 2154 shares are reaction to the first quarter balance of 2025 (Image: Money Times/Diana Cheng)
The improvement in the profitability of Azzas 2154 (Azza3) It was the highlight of the balance of the first quarter of 2025, in the evaluation of analysts. In reaction to the results, the company’s shares even fired more than 29% in the trading session on Thursday (8), leading the highs of IBOVESPA (IBOV).
The company had a recurring net profit of R $ 117.7 million in the first quarter, up 15.6% in the annual comparison. The performance came above than expected by the market.
Analysts expected net income of $ 79 million for the fashion retailer in the period, according to the average of the estimates compiled by the LSEg.
The company, the result of the merger between Soma Group and Arezzoit found profit before interest, taxes, depreciation and amortization (EBITDA) of R $ 427.7 million in the period, up 23.3% year to year in terms also recurring, with margin from 14.7% to 15.9%.
Operational performance also came above the average expectation of analysts, of R $ 373 million, according to LSEG.
Around 1:38 pm (Brasília time), shares fired 20.44%, at R $ 37.94. Follow the real time.
What did you please analysts on the Bilando 2154 balance?
Analysts of Itaú BBA They put that all eyes were facing the banks, and they were delivered.
In the evaluation of the analyst team led by Rodrigo Gastim, Azzas had been facing as the main challenge anchoring the deadline profits, but the result of this quarter helps in this.
The combination of solid net revenue and strong profitability trends can be seen by investors as an inflection point, analysts say, with the potential to improve the feeling of action.
“The combination of better margins and likely a message that profitability should continue to rise after all relevant corporate adjustments made in April should create a positive momentum,” they evaluate.
BBA also sees action with a significant discount on other sector names, such as Renner Stores, HERE and Nineteenth.
In the evaluation of analysts, these factors should be sufficient to support the performance of actions in the short term, despite governance problems that still need to be addressed, which should occur soon, in the assessment of the house.
With this, BBA maintains its classification “outperform”(Expected performance above market average, equivalent to“buy”) For shares, with target price of R $ 47.
THE XP Investments It points out that the company has delivered solid revenue growth and margin improvement, as operational adjustments related to the fusion that generated Azzas 2154 are no longer an obstacle.
THE BTG Pactual He adds that retail fusion and acquisition processes are never easy, especially among big names in the sector. “The different cultures, systems and brands to be integrated can always mean that capturing synergies can take longer,” says the team of analysts led by Gabriel Desselli.
However, the bank positively sees the strong numbers of Azzas Net Revenue, as well as its efforts to optimize operating expenses amid the integration process between Arezzo and the Soma Group.
“Since the beginning of the integration process, the performance of actions has been mainly dictated by the flow of news about the Arezzo-Group fusion to sum and we hope it will continue (with encouraging signs after the first quarter).”
BTG sees an attractive entry point for investors and recommends purchase for Azza3, with target price of $ 49,
*With information from Reuters
Source: Moneytimes
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