print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases  Financial Corporation "Sistema" REGISTER LOG IN

Press Releases > Financial Corporation "Sistema"  all about the company

company search
all press releases
all Financial Corporation "Sistema" press releases

Financial Corporation "Sistema"

October 26, 2016

Detsky Mir Group announces operating results for 9 months 2016

26 October 2016. Moscow, Russia. Detsky Mir Group ("Detsky Mir" or "the Group"), Russia's largest children's goods retailer, announces its unaudited operating results for 9 months of 2016, which ended on 30 September 2016.

KEY OPERATING RESULTS FOR 9 MONTHS 2016

  • Group unaudited revenue increased by 36% to RUB 54.2bn, vs. RUB 40.0bn for the same period in 2015
  • Like-for-like sales at Detsky Mir stores in Russia grew by 12.7%1, with the number of checks growing by 4.2% and the average check increasing by 8.2%
  • Group stores increased to 465 with total retail floor space of approximately 535,000 sq.m. as a result of the opening of 40 new Detsky Mir stores in 9 months 2016

Reporting date

30 September

2015

31 December 2015

30 September

 2016

Change, 9m 2016 vs. 9m 2015

Number of stores

370

425

465

26%

Detsky Mir2

326

381

420

29%

ELC

44

44

45

23%

Retail floorspace (th. sq.m.)

435

491

535

23%

Vladimir Chirakhov, CEO of Detsky Mir Group, said:

“Detsky Mir Group again confirmed its position as the leader on the Russian children's goods market in terms of volume and revenue growth. For 9 months 2016, we achieved a strong revenue growth rate of 36%. The approximately 12.7% growth in comparable sales (like-for-like) continued to be the main driver of revenue growth; it was achieved thanks to an increase of the average check size of 8.2% and an increase in the number of checks of 4.2%.

 “E-commerce continues to demonstrate solid financial performance. The Group's revenue from this segment more than doubled year on year for 9 months 2016. One of the main drivers of improvement in e-commerce is the successful integration of online and offline platforms, as well as the widespread presence of Detsky Mir stores in all key regions of the country, that allowed us to provide customers with timely deliveries“.

Detsky Mir Group continues to rapidly expand its retail chain. For 9 months 2016, we opened 40 Detsky Mir stores and one Early Learning Centre store; of these, 21 are in the Moscow region and two are in Kazakhstan. Detsky Mir is represented in 157 Russian cities and five Kazakh cities. At least eighty stores will be opened in dozens of cities in FY 2016, including at least five in Kazakhstan

The sales geography of the new product line for expectant mothers increased nearly six-fold in September. Now more than 200 stores provide customers with about 90 SKUs of the new products, most of which are produced in Russia. The product brands are Just Mom Ulla (Private label of Detsky Mir), FEST and SUCCESS. Maternity clothes can be purchased in the online store: www.detmir.ru.

***

For additional information contact:

Nadezhda Kiseleva

Head of PR

Office: +7 (495) 781-08-08, ext. 2041

Cell: +7 (903) 969-00-86

nkiseleva@detmir.ru

Sergey Levitskiy

Head of M&A and Business Valuation

Office: +7 (495) 781-08-08, ext. 2315

Cell: + 7 903 971 43 65

slevitskiy@detmir.ru

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer