M.Video-Eldorado expects net debt/EBITDA to fall below 4x

M.Video-Eldorado expects to reduce its net debt to EBITDA ratio below 4x by the end of 2023 through turnover growth and cost optimization. At the end of June, the ratio was 5.3x, which was caused by the growth of inventories and advance payments for import supplies before the start of the high season. At the end of 2022, the debt load was at 4.2x.