Obuv Rossii Group Announces Unaudited Financial Results for 1st Quarter 2018
The retail chain of the Company in 1Q increased by 34 stores. The revenue of Obuv Rossii grew by 6.3% up to 2.260 bln rubles. However, the net profit and EBITDA saw negative dynamics. It was connected with a significant shift in the seasons, which influenced the result of sales in Russian retail in general, as well as with the active expansion of the retail chain in the first quarter.
The Group continued to improve the range of both footwear and the related products and introduced new categories such as middle layer clothes. The share of related products in retail sales of the Company reached 33.4%, the share of clothes increased to 15.2%. Regarding omnichannel sales, the share of mobile audience of Obuv Rossii online stores increased by 11% reaching 53%. Taking into account this trend, the Group will develop more actively mobile applications of its online-stores.
The Group moves in line with the announced plans and will fulfil its chain development program for this year already by the autumn-winter season, having opened 100 stores.
About OBUV ROSSII (http://obuvrus.ru/en/)
Obuv Rossii Group is a federal retail shoe chain, the first publicly traded company in the Russian fashion retail. Obuv Rossii was established in 2003, it is headquartered in Novosibirsk with a representative office in Moscow.