The net profit of Fix Price according to IFRS for 2023 increased by 66.8%

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AK&M 28 February 2024 11:48

The net profit of Fix Price according to IFRS for 2023 increased by 66.8% to 35.7 billion rubles. compared to RUB 21.4 billion a year earlier. This is stated in the company's message.

EBITDA amounted to 53.1 billion rubles (-2.1%). Adjusted EBITDA remained at the level of the previous year and amounted to 54.2 billion rubles.

Gross profit increased by 7.8% to RUB 99.2 billion. Revenue increased by 5.1% to RUB 291.9 billion.

Fix Price is a chain of stores with low fixed prices. As of June 30, 2023, the Fix Price store chain had 6,039 stores in Russia and neighboring countries. On the same date, the company operated 12 distribution centers and operated in 80 regions of Russia, as well as in 8 foreign countries.

Net profit of Fix Price according to IFRS for 9 months of 2023 increased by 124% (2.2 times) to RUB 27.1 billion from RUB 12.1 billion a year earlier. Revenue increased by 4.1% to 210.19 billion rubles from 201.89 billion rubles. Gross profit increased by 6.3% to RUB 70.4 billion. Adjusted EBITDA amounted to 38.3 billion rubles. compared to 39.1 billion rubles a year earlier.