Brief: Russia's Fix Price H1 Net Profit RUB 9.8 Bln, Up 8.6% Y/Y

Fix Price

12/08/2021 06:55

Aug 12 (Reuters) - Russia's Fix Price  FIXPDR.MM   FIXPq.L :
    * H1 PROFIT FOR PERIOD INCREASED BY 8.6% TO RUB 9.8 BILLION
    * H1 RETAIL REVENUE GREW BY 30.1% Y-O-Y TO RUB 93.0 BILLION
    * LFL SALES GREW BY 11.9% IN H1
    * ANNOUNCES INTERIM DIVIDEND FOR H1 2021 OF RUB 11.5 PER
GDR/SHARE
    * UPGRADES ITS FORECAST FOR NET STORE OPENINGS FOR FULL YEAR
TO
730 FROM 700
    * H1 REVENUE INCREASED BY 28.1% Y-O-Y TO RUB 106.1 BILLION
    * H1 EBITDA INCREASED BY 24.1% TO RUB 19.8 BILLION
    * Fix Price continued its active expansion across Russia and
abroad
    * Approximately a quarter of net openings were in
geographies
outside Russia, leading to 169 bps growth in the share of
international geographies from the start of the year to 8.3% of
the total store base as of June 30, 2021
    * Capex for H1 amounted to RUB 3.8 billion compared with RUB
2.6
billion for the same period of 2020


Further company coverage:  FIXPq.L 

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