M.VIDEO-ELDORADO’S QUARTERLY ONLINE REVENUE INCREASED BY A FOURTH

The group published its operating results for the 3rd quarter and first nine months of 2018.

The report shows that the indicators are comparable to the cumulative results of the M.Video and Eldorado networks before they merged.

The group’s revenues in the third quarter increased by 16% compared to the same period in 2017 to 105.8 billion rubles. At the same time, sales via the Internet increased by 25.8% to 18.8 billion rubles.

The revenue of M.Video stores over the reporting period increased by 19.6% to 70.4 billion rubles, and Eldorado’s revenue increased by 9.4% to 35.5 billion rubles.

Comparable retail sales increased by 11.8% due to an increase in the average check’s amount. Moreover, the retailer opened 14 new stores in the third quarter: eight M.Video stores, five Eldorado stores, and one m_mobile.

Overall, on September 30, 2018, the retailer owned 435 M.Video stores, 416 Eldorado stores, and 3 m_mobile stores.

The company also indicated that the group's revenue for the nine-month period in 2018 increased by 16% compared to the same period in 2017. This figure amounted to 281.1 billion rubles.