Anton Titov plans to purchase shares of Obuv Rossii Group
Novosibirsk, 20 December 2017: Obuv Rossii Group (MOEX: OBUV/ the “Company” and, together with its subsidiaries, “Obuv Rossii” or the “Group”), one of the two largest footwear retailers in Russia and the leader in the mid-price segment of the Russian footwear market, that includes 533 stores in more than 140 cities of Russia and two production facilities, reports that the Company received a notification from the main shareholder Anton Titov that he plans to buy Company’s shares.
This decision shows confidence of the main shareholder in further development of the Company, which is supported by very strong financial performance for 9 months of 2017 and high dynamics in key lines and accentuates Anton Titov’s wish to support share liquidity after IPO.
The size of the planned purchase will depend on the market condition and will be done with compliance of all regulatory expectations.
Over the past 9 months of 2017, the volume of consolidated unaudited revenues of the Group increased by 12% and made 7.23 RUB bln; the net profit of the Group increased by 9% - up to RUB 670 mln; EBITDA made up RUB 1.79 bln, an increase as compared to 9 months of 2016 was 15%. For the 11 months of 2017 the retail network grew by 79 stores, with the Company planning to open 6 more stores in December. Obuv Rossii’s plans concerning further active development are supported with favorable forecasts for the shoe market. For example, according to Discovery Research Group, during the first six months of 2017, the market growth in pars was 17.2%. During the next five years, according to DRG forecasts, the market will increase on average by 6-7% in volume terms and by 9-11% in monetary terms.
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Some information in this document may contain prospective estimates and other representations of forecast nature concerning future events and future financial and operating activity of Obuv Rossii. You can determine, whether a representation is of forecast nature, on the basis of the use of such words and expressions as "expect", "believe", "estimate", "intend/plan", "will/will be", "could", "can", including negative forms of these verbs, as well as on the basis of other similar expressions. The Group of Companies cautions that these representations are only forecasts, and actual events and results of Obuv Rossii activity can substantially differ from them. Obuv Rossii does not intend to update these representations in order to reflect events and circumstances that will occur after this document is published or in order to reflect the fact of occurrence of unexpected events. There are many factors due to which actual results of Obuv Rossii activity will substantially differ from the supposed results contained in the representations of forecast nature, including such factors as general conditions of economic activity, competitive environment, risks related to the performance of activity in the Russian Federation, fast technological changes and changes of the market situation in the industries in which Obuv Rossii performs its activity, as well as other risks related in particular to Obuv Rossii and its activity.
 In terms of the number of stores and revenue for the six months of 2017, according to Discovery Research Group