The net profit of Fix Price for the first half of 2024 decreased by 53.7% to 9.1 billion rubles from 19.65 billion rubles a year earlier. Revenue increased by 9.4% to RUB 148.4 billion. Retail revenue increased by 10.5% to 132.7 billion rubles, wholesale – by 0.9% to 15.7 billion rubles. Gross profit increased by 9.6% to 49.5 billion rubles. EBITDA decreased by 4.3% to RUB 22.5 billion from RUB 23.56 billion. This is stated in the company's message.
Fix Price is a chain of stores with low fixed prices.
The profit of Fix Price Group PLC according to IFRS for the first quarter of 2024 decreased by 43.8% to RUB 3.29 billion from RUB 5.85 billion a year earlier. Revenue increased by 8.8% to 71.68 billion rubles from 65.89 billion rubles, gross profit – by 6.7% to 23.43 billion rubles from 21.96 billion rubles. Adjusted EBITDA fell by 12.7% to RUB 9.99 billion from RUB 11.4 billion.
During the reporting period, the company opened 131 stores (including closures, as well as including 6 franchised stores). As of March 31, 2024, the total number of stores reached 6,545 thousand.
