Obuv Rossii GC recorded revenue growth in the 4th quarter of 2017 and throughout the year
According to the results of the 4th quarter of 2017, the volume of consolidated unaudited revenue of Obuv Rossii Group amounted to 3,6 billion rubles, which is 6,5% more than the revenue in the 4th quarter of 2016, which amounted to 3,3 billion rubles. The volume of consolidated unaudited group revenue in 2017 increased by 8% - up to 10,8 billion rubles. compared with 10 billion rubles. in 2016, the group said in a report.
In the 4th quarter of 2017, comparable sales of the Obuv Rossii group of companies increased by 10,9%: a comparable increase in the number of checks amounted to 4,7%; the comparable average check size increased by 6,0%.
During the reporting period, the Shoe of Russia retail chain increased by 16 stores, 10 of which are Westfalika chain stores. The total number of outlets at the end of the year was 535 stores, of which 113 were franchised.
On the whole, in 2017, comparable sales of Obuv Rossii Group of Companies increased by 2,8%: a comparable number of checks decreased by 3,7%; the comparable average check size increased by 6,8%.
Shoe sales in kind in 2017 increased by 13% and amounted to 2 million pairs, compared with 1,8 million pairs in 2016. About 58% of purchases were made using loyalty cards, the number of loyalty card holders by the end of the year was 1,95 million people.
Over 12 months, the retail network of Shoe of Russia increased by 83 stores, of which 44 were owned and 39 franchised.
The installment payment portfolio in 2017 increased by 20,7% to 3,24 billion rubles, while the growth in the cash loan portfolio in 2017 amounted to 11,9% to 1,45 billion rubles.
In December, Obuv Rossii recorded a record increase in comparable sales in the Group’s stores (like-for-like) - by 30%, which is explained by the revival of demand. This indicator was achieved for the first time since 2014.
Anton Titov, General Director of Obuv Rossii GC, noted that high growth rates in key areas of the group will continue, and Obuv Rossii plans to open about 500 stores in the next three years. “The company will take advantage of its own business model based on the development of several brands, a wide range of goods and services and several sales channels, as well as the opportunities of the shoe market, which, according to Discovery Research Group forecasts, will demonstrate positive dynamics over the next five years.” - he commented.
GC "Shoes of Russia" Founded in 2003, has a headquarters in Novosibirsk and an office in Moscow. Engaged in the production and sale of footwear and related products. The company operates 539 stores (113 franchised) under the brands Westfalika, Pedestrian, Rossita, Emilia Estra and Lisette, and also develops shoes and clothing brands for an active lifestyle S-tep, All.go and Snow Guard and owns two shoe stores factories in the Novosibirsk region.
In accordance with the audited financial results of the Group according to IFRS, in 2016 the revenue amounted to 9,9 billion rubles, net profit - 1,18 billion rubles, EBITDA - 2,54 billion rubles.
According to the results of the 4th quarter of 2017, the volume of consolidated unaudited revenue of Obuv Rossii Group of Companies amounted to 3,6 billion rubles, which is 6,5% higher than the volume of revenue in the 4th quarter of 2016, which ...
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