UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of July 2023
Commission File Number: 001-41736
Almacenes Éxito S.A.
(Exact Name as Specified in its Charter)
N/A
(Translation of registrant’s name into English)
Carrera 48 No. 32B Sur - 139
Avenida Las Vegas
Envigado, Colombia
(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.)
Form 20-F: ☒ Form 40-F: ☐
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.
Date: July 26, 2023
Almacenes Éxito S.A. | ||
By: | /s/ Ivonne Windmueller Palacio | |
Name: | Ivonne Windmueller Palacio | |
Title: | Chief Financial Officer |
FORWARD-LOOKING STATEMENTS
This document may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.
1
EXHIBIT INDEX
Exhibit Number | Description of Document | |
99.1 | Press Release (English translation). |
2
Exhibit 99.1
Envigado, July 26, 2023
PUBLISHED INFORMATION BY COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
Almacenes Éxito S.A. informs to its shareholders and the market in general that today Companhia Brasileira de Distribuição disclosed their consolidated financial results for the second quarter of 2023.
The information published by Companhia Brasileira de Distribuição is under Brazilian accounting standards and includes Statement of Financial Situation, Statement of Profit and or Loss and Statement of Cash Flow from Almacenes Éxito S.A. and its subsidiaries in Colombia, Uruguay and Argentina.
The information published concerning Almacenes Exito S.A, under the Colombian accounting standards is as follow:
1. Statement of Financial Situation at June 30, 2023 and at December 31, 2022, expressed in millions Colombian pesos:
June 30, 2023 |
December 31, 2022 |
|||||||
Current assets | ||||||||
Cash and cash equivalents | 1,393,950 | 1,733,673 | ||||||
Trade receivables and other receivables | 642,228 | 779,355 | ||||||
Prepayments | 22,153 | 39,774 | ||||||
Receivables from related parties | 58,212 | 47,122 | ||||||
Inventories, net | 2,765,708 | 2,770,443 | ||||||
Financial assets | 6,087 | 45,812 | ||||||
Tax assets | 610,556 | 509,884 | ||||||
Assets held for sale | 20,436 | 21,800 | ||||||
Total current assets | 5,519,330 | 5,947,863 | ||||||
Non-current assets | ||||||||
Trade receivables and other receivables | 45,854 | 50,521 | ||||||
Prepayments | 5,539 | 6,365 | ||||||
Receivables from related parties | - | 35,000 | ||||||
Financial assets | 28,003 | 32,572 | ||||||
Deferred tax assets | 176,779 | 142,589 | ||||||
Property, plant and equipment, net | 4,332,950 | 4,474,280 | ||||||
Investment property, net | 1,810,138 | 1,841,228 | ||||||
Rights of use asset, net | 1,411,428 | 1,443,469 | ||||||
Intangible, net | 408,101 | 424,680 | ||||||
Goodwill | 3,355,987 | 3,484,303 | ||||||
Investments accounted for using the equity method | 285,016 | 300,021 | ||||||
Other assets | 398 | 398 | ||||||
Total non-current assets | 11,860,193 | 12,235,426 | ||||||
Total assets | 17,379,523 | 18,183,289 | ||||||
Current liabilities | ||||||||
Loans, borrowings, and other financial liability | 2,065,206 | 915,604 | ||||||
Employee benefits | 5,190 | 4,555 | ||||||
Provisions | 30,292 | 27,123 | ||||||
Payables to related parties | 71,642 | 79,189 | ||||||
Trade payables and other payable | 4,469,187 | 5,651,303 | ||||||
Lease liabilities | 274,606 | 263,175 | ||||||
Tax liabilities | 75,150 | 109,726 | ||||||
Derivative instruments and collections on behalf of third parties | 102,542 | 136,223 | ||||||
Other liabilities | 191,265 | 228,496 | ||||||
Total current liabilities | 7,285,080 | 7,415,394 | ||||||
Non-current liabilities | ||||||||
Loans, borrowings, and other financial liability | 348,756 | 539,980 | ||||||
Employee benefits | 30,822 | 32,090 | ||||||
Provisions | 11,872 | 15,254 | ||||||
Trade payables and other payable | 40,823 | 70,472 | ||||||
Lease liabilities | 1,343,846 | 1,392,780 | ||||||
Deferred tax liabilities | 274,115 | 277,713 | ||||||
Tax liabilities | 6,591 | 2,749 | ||||||
Other liabilities | 2,382 | 2,411 | ||||||
Total non-current liabilities | 2,059,207 | 2,333,449 | ||||||
Total liabilities | 9,344,287 | 9,748,843 | ||||||
Shareholders' equity | ||||||||
Share capital | 4,482 | 4,482 | ||||||
Reserves | 1,421,158 | 1,541,586 | ||||||
Other equity components | 5,282,497 | 5,592,920 | ||||||
Equity attributable to non-controlling interest | 1,327,099 | 1,295,458 | ||||||
Total shareholders' equity | 8,035,236 | 8,434,446 | ||||||
Total liabilities and shareholders' equity | 17,379,523 | 18,183,289 |
2. Statement of Profit or Loss for the period of six months ended June 30, 2023 and June 30, 2022, expressed in millions Colombian pesos:
January 1 to June 30, 2023 |
January 1 to June 30, 2022 |
|||||||
Revenue from contracts with customers | 10,575,274 | 9,319,182 | ||||||
Gross profit | 2,772,347 | 2,361,370 | ||||||
Profit before income tax from continuing operations | 164,479 | 286,044 | ||||||
Income tax expense | (37,868 | ) | (99,774 | ) | ||||
Profit for the period | 126,611 | 186,270 | ||||||
Net profit attributable to: | ||||||||
Equity holders of the Parent | 38,934 | 126,803 | ||||||
Non-controlling interests | 87,677 | 59,467 | ||||||
Profit for the period | 126,611 | 186,270 |
3. Statement of Cash Flow for the period of six months ended June 30, 2023 and June 30, 2022, expressed in millions Colombian pesos:
January 1 to June 30, 2023 |
January 1 to June 30, 2022 |
|||||||
Net cash flows used in operating activities | (414,454 | ) | (766,309 | ) | ||||
Net cash flows used in investing activities | (269,014 | ) | (147,165 | ) | ||||
Net cash flows provided by (used in) financing activities | 397,152 | (416,969 | ) | |||||
Effects of the variation in exchange rates | (53,407 | ) | 32,753 | |||||
Variation of cash and cash equivalents during the period | (339,723 | ) | (1,297,690 | ) |
The consolidated financial results from Almacenes Éxito S.A. for the second quarter will be published July 31, 2023, after market close, which will include growth in sales of 8.2% (2Q) and of 13.8% (1H) and growth in recurring EBITDA of 6.6% (2Q) and of 7.8% (1H).