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22.03.2018 | Альбина Весина

Financial indicators of the Obuv Rossii Group of Companies

The group of companies "Shoes of Russia"has successfully completed its first year as a public company, demonstrating high performance and fully fulfilling its stated plans.

 

In 2017, the Group's retail network grew to 83 stores and at the end of the year had 535 outlets.

 

The company's revenue for the year increased by 8.4% to RUB 10.8 billion. As a result, "Shoes of Russia" strengthened its leadership position in the mid-price segment, increasing the gap from competitors.

 

 

Key financial results for 2017:

  • Revenue in 2017 increased by 8.4% and amounted to 10,801 billion rubles.
  • Gross profit decreased by 0.1% to 5.853 billion rubles.
  • Gross profit margin is 54.2%.
  • EBITDA increased by 7.8% and amounted to RUB 2.737 billion.
  • Net profit increased by 10.8% to RUB 1.310 billion.
  • Net profit margin is 12.1%.

For 2017 «Shoes of Russia» increased net profit by 10.8% to 1.31 billion rubles. This was made possible thanks to the development of the collection, an increase in the share of more fashionable shoes and interesting casual design, the expansion of the range of high-margin related products, the improvement of online stores, as well as the launch of updated mobile versions of websites.

 

 

In 2018, "Shoes of Russia" will open another 100 stores, 60 of them will start operating in the first half of the year.

 

The Group will continue to actively grow and improve its financial performance in order to provide shareholders with a high return on investment.

 

Photo: Shutterstock

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