The sales dynamics and consolidated results of 2022 were driven by innovative formats, e-commerce, real estate business and alliances such as “Puntos Colombia” E-commerce channels accounted for 12% of sales in Colombia Consolidated recurring EBITDA for the year reached COP1.7 billion +8.3% and a margin of 8.1% Grupo Éxito’s consolidated net income was COP99,072 million and reflected the positive operational performance of the retail and real estate businesses. However, net result was affected by higher financial expenses (COP126,000 million) due to the increase in interest rates in Colombia, and by non-cash impact effects, such as the higher deferred tax expense...

The Company consolidated its leadership in Colombia; sales reached more than COP 3.3 billion in 1Q22, a growth of 20.8% compared to the same period in 2021.   Grupo Éxito recurring EBITDA grew by 15.8%, with a margin of 7.7%, as a result of strong commercial dynamism and operational efficiencies in the three countries where it operates.   The group consolidated income totaled COP 64,539 million.   The strength of the omni-channel strategy in Colombia led direct and e-commerce channels to reach an 11.8% share of the country's total sales during the quarter. E-commerce continued performing despite...