World Footwear

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Two digits growth for Obuv Rossii

Aug 21, 2019 Russian Federation
Two digits growth for Obuv Rossii
The Russia-based company has announced second quarter and first half results marked by two digits growth in the group's consolidated revenue
Anton Titov, CEO of Obuv Rossii Group, commented: "1H2019 was successful for the company: we increased the revenue by 19.3%. Opening of new stores and ramp-up of the stores launched last year became the key drivers. We saw positive dynamics in LFL sales due to further improvement of our stocks, expansion of the related products line, including clothing, and additional services. Add-on services play an increasingly bigger role in company ‘s development due to significant changes in retail business. Stores being a part of customers’ daily route become points of sale providing a wide range of high-tech services, including financial ones. Our online sales grew by 23%; their share in retail proceeds made up 14.3%.


Second Quarter Results

The group’s consolidated unaudited revenue increased by 26% year on year to 2.814 billion Russian Roubles (28.3 million euros). Total like for like revenue rose by 9.3% with like for like sales growing by 1.2% and like for like proceeds from cash loans business increasing by 34.2%.

Obuv Rossii's retail chain increased by 82 new DOS.
As of the 30th of June 2019, the total number of stores was 837. The number of loyalty cards holders also increased by 12.9% year on year to 2.369 million.

First Half Results

The group's consolidated unaudited revenue increased by 19.3% year on year to 5.358 billion Russian Roubles (72,92 million euros). Total like for like revenue rose by 7.7% with like for like sales growing by 1.6% and like ofr like proceeds from cash loans business increasing by 27%.

In the period, the group’s retail chain increased by 110 new stores.

About Obuv Rossii

Obuv Rossii Group is 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 and comprises 849 stores in 329 cities of Russia.

Exchange rate: 1 Russian Rouble = 0.014 euros

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