M.Video's Revenue Rose by 18.6% in 2017's Fourth Quarter

M.Video's revenue grew by 18.6% in 2017's fourth quarter as compared to the same period in the previous year; revenue during this quarter reached 78.6 billion rubles.

The retailer's sales rose by 8.2% in 2017 to 233.9 billion rubles, with online sales rising by 41.3% to 36.7 billion rubles. Internet sales grew by 68.5% in the fourth quarter.

In 2017, the company launched 27 new stores and closed one existing store. As of December 31, 2017, M.Video managed 424 shops on the territory of the Russian Federation.