Obuv Rossii Group Announces Reviewed Financial Results for 2Q And 1H 2019
2Q 2019 FINANCIAL HIGHLIGHTS:Group unaudited consolidated revenue increased by 26.7% y-o-y to RUB 2.830 bln.Total LFL revenue of Obuv Rossii Group rose by 9.3% with LFL sales growing by 1.2% and LFL proceeds from cash loans business increasing by 34.2%.Gross profit accounted for RUB 1.424 bln. Gross profit margin amounted to 50.3%.EBITDA accounted for RUB 0.469 bln. EBITDA margin amounted to 16.6%.Net profit totaled RUB 0.105 bln. Net profit margin was 3.7%.
1H 2019 FINANCIAL HIGHLIGHTS:Group unaudited consolidated revenue increased by 19.8% y-o-y to RUB 5.384 bln.Total LFL revenue rose by 7.7% with LFL sales growing by 1.6% and LFL proceeds from cash loans business increasing by 27%.Gross profit grew by 13.2% y-o-y to RUB 2.988 bln. Gross profit margin was 55.5%.EBITDA increased by 24.8% y-o-y to RUB 1.095 bln. EBITDA margin amounted to 20.3%.Net profit grew by 3% y-o-y to RUB 0.322 bln. Net profit margin was 6%.
Anton Titov, CEO of Obuv Rossii Group, comments:
We continue expanding our retail chain, developing new lines and increasing our business volume. In 1H the revenues grew by 19.8% up to RUB 5.38 billion. We entered 92 new towns, having increased our retain chain by 36%. Issuing cash loans has made a significant contribution to the Company’s growth. In 1H the revenues in this line increased by 28% to RUB 0.92 billion. We are successfully implementing the Pick-up Points project – we cooperate with such companies as PickPoint, DPD, OZON online retailer, and others. Currently, online customers get in Obuv Rossii stores on average 1,000 parcels a day.
About OBUV ROSSII (http://obuvrus.com)
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.