East Capital Holding AB reduced its equity position in OJSC Company M.video to 4.85% from 5.02%, M.video informed.
M.video (tax number: 7707602010) is a Russian retail chain selling electronics and home appliances since 1993. The company's shares are traded on the MICEX. Its authorized capital is RUB 1.798 billion.
IFRS net profit of M.video for 2013 grew by 38% to RUB 5.7 billion from RUB 4.1 billion the year before. EBITDA increased by 25% to RUB 9.4 billion from RUB 7.5 billion. Sales grew by 11% to RUB 175 billion (VAT included). The revenue growth was mainly driven by the opening of 40 new stores and a rapid expansion of online sales. GP grew by 16.4% to RUB 38.4 billion from RUB 33 billion, gross margin reached 25.9% against 24.7% in 2012.
According to the DataCapital information retrieval system, RAS net profit of M.video for January-September 2013 dropped 4.3-fold to RUB 1.266 billion from RUB 5.446 billion for the same period in 2012. Revenue increased by 27.38% to RUB 60.579 million from RUB 47.557 million, GP by 27.77% to RUB 58.975 million from RUB 46.157 million, sales profit 3-fold to RUB 26.696 million from RUB 8.729 million, pre-tax profit decreased 4.23-fold to RUB 1.292 billion from RUB 5.47 billion.
AK&M "M&A Market"
"AK&M", 07.05.2014 13:41