Le Lézard
Classified in: Business
Subject: EARNINGS

Obuv Rossii Group Announces Reviewed Financial Results for 2Q And 1H 2019


Obuv Rossii Group (MOEX: OBUV), the first publicly traded company in the Russian fashion retail, comprising 870 stores in 341 cities of Russia and two production facilities, announces its unaudited financial results in accordance with IFRS for 2Q and 1H ended 30 June 2019.

2Q 2019 FINANCIAL HIGHLIGHTS:

1H 2019 FINANCIAL HIGHLIGHTS:

Anton Titov, CEO of Obuv Rossii Group, comments:

We continue expanding our retail chain, developing new lines and increasing our business volume. In 1H the revenues grew by 19.8% up to RUB 5.38 billion. We entered 92 new towns, having increased our retain chain by 36%. Issuing cash loans has made a significant contribution to the Company's growth. In 1H the revenues in this line increased by 28% to RUB 0.92 billion. We are successfully implementing the Pick-up Points project ? we cooperate with such companies as PickPoint, DPD, OZON online retailer, and others. Currently, online customers get in Obuv Rossii stores on average 1,000 parcels a day.

About OBUV ROSSII (http://obuvrus.com)

Obuv Rossii Group is a federal retail shoe chain, the first publicly traded company in the Russian fashion retail. Obuv Rossii was established in 2003, it is headquartered in Novosibirsk with a representative office in Moscow.


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News published on 16 august 2019 at 03:15 and distributed by: