The Novosibirsk company Obuv Rossii (chain stores Westfalika and Pedestrian) announced its financial results for 2010. The company's net profit increased by 10% to RUB 100 million.
The sales revenue of Obuv Rossii in 2010 amounted to 1,6 billion, compared to 2009 this indicator grew by 20%. EBITDA margin was 11,62%.
According to the results of the 2010 year, the company invested 70 million rubles in the development of the Westfalika retail network, opening 20 stores and expanding the network's geography. The company manages 122 stores in 43 cities of Russia.