Increasing sales at Russian retailer Dixy have propelled a near-30% jump in first-quarter profits, the company revealed today (25 May).
Net profit increased by 26.9% year-on-year, rising to RUB164m (US$5.84m), while EBITDA jumped 28% to RUB1bn.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The company said that the rise in profits was driven by margin improvements – which rose to 5.6% from 5.2% – and increasing revenues.
Group sales rose 20.8% to RUB18.1bn. Like-for-like sales increased 7.6%, while Dixy attributed the remainder of the gain to increased selling-space, which was up 11.7% on last year.
“Improved customer service and more aggressive promotional and advertising activities allowed an increased sales per square meter of selling space on the group level,” Dixy said.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
