RAEX Rating (EXPERT RA)
Since 2008, Obuv Rossii is assigned creditworthiness ratings (an agreement with a rating agency, Expert RA CJSC, for assigning ratings.)
The credit rating (creditworthiness rating) is assigned to companies in all economy sectors and shows subjective opinion of the Expert RA rating agency concerning the ability of the company to fulfill its financial obligations in time and in full.
The creditworthiness rating technique is adjusted to specific characteristics of the Russian market and does not take into account the country risk of Russia, i.e. the credit rating is assigned by the agency only according to the national scale. The credit rating includes a forecast of possible changes in the economic environment and assessment of prospects for company development in the midterm.
RAEX rating agency (Expert РА) upgraded creditworthiness rating of the Obuv Rossii Group to ruBВB+. The rating outlook is stable. Previously, the Company had the ruBBB rating with stable outlook.
The Obuv Rossii Group is one of the two largest footwear retailers in Russia and the leader in the mid-price segment of the Russian footwear market, that includes 521 stores in more than 140 cities of Russia and two production facilities. The rating analysis was made based on consolidated IRFS reports of Obuv Rossii Group.
The key factor underlying the decision of the agency to upgrade the rating is increasing Company’s creditworthiness in large part because of IPO in October 2017, which allowed the Company to attract RUB 5.4 bln after settlements with IPO bookrunners. As a result, the capital doubled as compared to its IFRS level as of 30 June 2017, and the debt load significantly reduced, as a bigger part of the funds were used by the Company to repay current debt burden. This fact had a positive effect on key financial indicators. In addition, internal financial stability of the Company enhanced, and its dependency on short-terms credits decreased.
RBC Ratings: the 50 fastest growing companies of Russia
In November 2015, RBC, a Russian media holding company, published the rating of the 50 fastest growing companies of Russia.
When compiling the rating, the financial results of 2011-2014 were taken into account. Obuv Rossii was included in the RBC Rating for the first time. The Company increased its revenues four times from 2011 to 2014 - from 2.2 to 8.1 bln rubles.
Fashion-segment in the Rating is represented by Wildberries and Obuv Rossii. Apart from Obuv Rossii, three more companies from the Siberian region were included in the Rating: KDV Group (Tomsk), Hollifood (Omsk), and Irkutsk Oil Company (Irkutsk).
Company of the Year - 2015
On June 4, the awarding ceremony of the ''Company of the Year'' annual national award, one of the most reputable national awards in the business area, took place in Moscow. The best Russian companies and enterprises with an impeccable reputation, stable position on the market and high rates in industry, finances and services, can get this prestigious award. Traditionally, the winners were chosen by the Expert council, consisting of influential economists, businessmen, political and public figures.
Obuv Rossii GC got the ''Company of the Year. Region'' award in the nomination ''High revenues and cost effectiveness rates'' for its results of 2014. Such well-known companies as Aeroflot, Ashan, Mango telecom, Unilever Rus, Gazprombank, etc., also got the award.