"Shoes of Russia" in profit
12.11.2012 5393

"Shoes of Russia" in profit

The Obuv Rossii Group of Companies has summed up its financial results for 9 months of 2012. The company's revenue for this period amounted to 1,81 billion rubles, an increase in relation to the same period in 2011 - 58%.

Net profit increased 2,8 times to RUB 189 million. EBITDA amounted to RUB 305 million, an increase of 97%. EBITDA margin - 16,85% (for nine months of 2011 - 13,46%).

In the third quarter Obuv Rossii announced a number of investment projects in the field of production development. The company will build a new production and logistics complex in the city of Ob, Novosibirsk region. This will allow expanding production in Novosibirsk from 350 thousand pairs to 500 thousand pairs of shoes per year, the total area of ​​the distribution center will triple. Obuv Rossii will also invest 1,4 billion rubles in opening a shoe factory in Cherkessk. The project has already received approval from the Ministry of Regional Development of the Russian Federation, the press service of the company reports.

The Obuv Rossii group of companies summed up the financial results of the 9 months of the 2012 year. The company's revenue for this period amounted to 1,81 billion rubles, an increase compared to the same period of the 2011 year - ...
5
1
Rating

Latest News

JW Anderson Unveils New Shoe Hit at London Fashion Week

The British brand JW Anderson showed a new hit in the world of footwear at its show at London Fashion Week. Low leather boots with a wide shaft, like a dropped collar, with contrasting metal zippers as fasteners and…
16.09.2024 82

International leather exhibition Lineapelle opens in Milan

From September 17 to 19, the international leather exhibition Lineapelle will be held in Milan at the Fiera Milano Rho exhibition complex. The 104th session of the leather exhibition will feature 1259 exhibitors from 43 countries. The organizers note that the current exhibition…
16.09.2024 114

Italian footwear exports to Russia fell by 21,7% from January to May 2024

In the first half of 2024, sales of Italian footwear fell by 9,1%. Domestic sales fell by 2,1%. Exports, according to data for 5 months of 2024, fell by 8,5% in value terms and by…
16.09.2024 151

Tod's has released a collaboration with Indian designer Rahul Mishra

Fashion is once again celebrating craftsmanship. Italian luxury footwear and accessories brand Tod's has released a collaboration with Indian designer Rahul Mishra. The Rahul Mishra X Tod's collection includes shoes and bags with exquisite hand embroidery…
16.09.2024 263

Larroudé x Markarian's Red Patchwork Boots Were a Notable Event at New York Fashion Week

A highlight of New York Fashion Week, which ran from September 4 to 11, was the collaboration between Brazilian shoe brand Larroudé and New York women's clothing label Markarian. The hit of the collection were knee-high boots with an upper made using the…
13.09.2024 429
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning