Multiplan

Multiplan released its preliminary second quarter 2014 sales figures on Thursday, July 10. Despite Brazil’s hosting of the FIFA World Cup having generated negative expectations for the sector, the group's 18 malls in the country reported the highest growth in same area sales (SAS) and same store sales (SSS) of the last 14 quarters. The first indicator, SAS, rose by 12%; and the second, SSS, was up 9.4%, both compared to the same period last year.
 
The good performance was mainly due to growth in food sales (19.2%), and variety articles (stationery stores, toy stores, bookstores and department stores, for example) higher by 11.8%.
 
In the second quarter, total sales of Multiplan's 18 malls was R$ 3 billion, representing expansion of 15.2% over the same period of the prior year. In the last 12 months, total sales reached R$ 12 billion, reflecting an increase of 14.2% Y-o-Y.
 
In the three developments opened in the fourth quarter of 2012, results have been even more positive. VillageMall registered the best result, with sales higher by 91.8% — almost double the volume recorded in the second quarter of last year. JundiaíShopping was next, with a 28.6% rise in sales and ParkShoppingCampoGrande recorded a 22.4% increase.
 
The percentage of sales of these three new Multiplan group projects as a whole grew from 7.8% in the first quarter of 2013 to 10.8% in the second quarter of this year, which demonstrates the consistency of the projects' consolidation process.
 
Even the company's already consolidated projects produced very positive results, especially RibeirãoShopping, which recorded a 20.4% sales increase; MorumbiShopping, up by 16.5%; DiamondMall, which rose 12.9%; and ParkShopping, higher by 10.7%.
 
Multiplan's projects also saw an improvement in the occupancy rate, which rose from 97.6% in the second quarter of 2013 to 98.4%, for the same period in 2014.