3 March 2022
The Weekly

Falabella reported profits of $772mn in 2021, a significant increase of 1,695.3% compared to 2020. According to the company's balance sheet this is explained by higher revenues from the retail and banking sectors, and in particular, home improvement, department stores and bank sectors. The company reported revenues of $13,581mn last year, an increase of 21.2% in just twelve months. The firm registered a 35% increase in sales from physical stores in 2021. Online sales increased by 25%, reaching $3,504mn at the group level. Additionally, Falabella registered an EBITDA of $572mn, an increase of 4.3% compared to the same quarter of the previous year.