The Novosibirsk company Obuv Rossii (a network of Westfalika and Pedestrian stores) announced financial results for the 2010 year. The company's net profit grew by 10% and amounted to 100 million rubles.
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.