Q1 2021 Magazine Luiza SA Earnings Call Transcript
[Interpreted] Good morning, ladies and gentlemen, and thank you for waiting. Welcome to Magalu's conference call about the results of the first quarter of 2021. We would like to inform you that this event is being recorded and translated simultaneously. (Operator Instructions)
Now I would like to give the floor to Mr. Frederico Trajano, CEO of Magazine Luiza. Mr. Trajano, you may begin.
[Interpreted] Good morning, everybody. Thank you very much for participating in our call about the first quarter of 2021. And May is a very special month for Magalu because now, we are completing 10 years of -- since our IPO. We had our IPO in May 2011 and with very positive results in order to show to the market, and we show you the whole context here of another quarter that has the impact of the pandemic on our business.
And I would like to start by this characteristic. In fact, what happened was that we thought this quarter would no longer have the impact of the
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