Obuv Rossii GC increased revenue and profits for the 9 months of the 2017 year

The volume of consolidated unaudited revenue of Obuv Rossii GC for 9 months of 2017 year increased by 12% and amounted to 7,23 billion rubles. compared to 6,44 billion rubles for the same period 2016 year. The group’s net profit increased by 9% to 670 million rubles, compared to 617 million rubles. for the same period 2016 year.

Net profit margin was 9%. EBITDA margin amounted to 25%, the indicator for the same period of 2016 year - 24%. EBITDA amounted to 1,79 billion rubles, an increase in relation to 9 months of 2016 of the year - 15%.

During the reporting period, Obuv Rossii opened 67 new stores, of which 39 - under franchising. At the same time, the Like-for-like indicator fell by 1,8%, which is explained by the shift of the seasons in the 1 half of the 2017 year and the abnormally cold summer, which affected the sales of fashion retailers in the first 6 months of the 2017 year. In the 3 quarter, the company increased sales and showed strong growth indicators like-for-like):

- a comparable number of checks decreased by 6,62%;

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- The comparable average check size increased by 5,16%.

“In the nine months of the 2017 of the year, Obuv Rossii demonstrated strong financial and operational performance: the company's revenue increased by 12%, net profit increased by 9%, EBITDA margin was 25%, and the comparable average check size increased by 5,16%. This confirms the correctness of the chosen strategy of the company, an important part of which is the development of multi-format retail in the mid-price segment, as well as a bet on brands with unique positioning and a wide audience of loyal customers. In the 3 quarter, the company increased sales and compensated for the effect of the season shift and rather cold summer in the first half of the 2017 year, the growth of comparable sales (like-for-like) in the 3 quarter of the 2017 year amounted to 6,07%, - said the Director of GK Shoes of Russia »Anton Titov. “As part of the diversification strategy, we continue to improve the assortment, and this applies to shoes as well: we introduced a new line of shoes into production using promising polymeric materials, as well as related products and clothing. Following the results of 9 months, clothing sales increased by 90% in physical terms and by 61% in monetary terms. We are improving the omnichannel trading model: now we have five online stores of our main brands. We are developing a delivery system through courier services. Thanks to the expansion of the retail network, our customers have more opportunities to use the pick-up service from our stores, which also serve as points of delivery, which positively affects the performance of e-commerce. In total, over the 9 months, omnichannel sales of the company, including e-commerce, increased by 37% in value terms. ”