In 2012, retail sales result of OJSC Company M.Video increased by 20% year-on-year to RUB 157.919 billion, the company informed.
On-line sales increased by 56% to RUB 4.364 billion, the company opened 42 new hypermarkets.
In Q4 2012, M.Video's sales increased by 12% against Q4 2011 to RUB 50.328 billion. The company opened 14 new stores.
The company is looking forward to opening 35 new stores as well as 20 new on-line sites under the M.Video banner in 2013, Alexander Tynkovan, President and CEO of the company, was quoted as saying in M.Video's statement. According to the company's comment for AK&M, opening a new store costs RUB 55 million on average.
M.Video (tax number: 7707602010) is a Russian retail network trading in electronics and home appliances which has been active since 1993. The company's shares are traded on the largest Russian Stock Exchanges, RTS and MICEX (under the MVID ticker).
As of the end of 2012, the company operated 296 hypermarkets in 127 cities of the Russian Federation.
Net profit (IFRS) of M.Video for H1 2012 increased by 58% to RUB 1.2 billion from RUB 766 million for the same period in 2011. GP grew by 24% to RUB 14.4 billion. Operating profit rose to RUB 1.5 billion from RUB 1.1 billion, EBITDA totaled RUB 2.5 billion against RUB 1.9 billion.
According to the information and retrieval system DataCapital, net profit (RAS) of M.Video for 9 months 2012 increased 98.4-fold to RUB 5.446 billion from RUB 55.345 million the year before. Revenue rose by 8.85% to RUB 47.557 million from RUB 43.688 million. Sales profit was RUB 8.729 million, twice below what the company had earned for 9 months 2011 (RUB 17.520 million). Pre-tax profit increased 71-fold to RUB 5.47 billion from RUB 76.681 million.