Boldness that Inspires
Investments
In 2013, GPA invested R$1.850 billion, 32.8% more than in 2012 (R$1.393 billion) and one of the largest amounts for the Group ever.
The funds were mainly allocated to opening new stores and acquiring land, in line with the Company’s strategy of accelerating organic growth.
During the year, 128 stores were inaugurated, increasing the aggregate sales floors 54%, to 2.8 million square meters. The highlight was the significant expansion of Minimercado Extra and Assaí, with 59 and 14 inaugurations, respectively. Under the other banners, the inaugurations totaled:
6 – Extra Super
5 – Pão de Açúcar
36 – Casas Bahia
5 – Pontofrio
1 – Gas Station
2 – Drugstores
Investments
(in millions of R$)
2009 – 723
2010 – 1,191
2011 – 1,583
2012 – 1,393
2013 – 1,850
Distribution of the Investments in 2013
> New stores and land purchases – 42%
> Stores remodeling and conversions – 26%
> Infrastructure and others – 32%
INVESTMENTS (IN MILLIONS OF R$) |
|||
2013 |
2012 |
% increase (decrease) |
|
New stores and land purchases |
785 |
703 |
11.8 |
Store remodeling and conversions |
477 |
433 |
10.4 |
Infrastructure and others |
628 |
385 |
63.3 |
Financing of fixed assets and Leasing |
(41) |
(127) |
(67.6) |
Total |
1,850 |
1,393 |
32.8 |
