Obuv Rossii Paid RUB 262.3 mln Dividends for 2017
20 August 2018, Novosibirsk, Russia: Obuv Rossii Group (MOEX: OBUV/ hereinafter the "Company" or, together with its subsidiary and dependent companies, "Obuv Rossii" or the "Group"), the first publicly traded company in the Russian fashion retail, comprising 630 stores in 190 cities of Russia and two production facilities, announces that it has paid dividends on the placed shares of OR PJSC for 2017 in the amount of RUB 262.3 mln, which is 20% of Company’s net profit in 2017. The obligations to pay dividends were performed in due time and to the full extent.
The decision to pay (declare) dividends on shares was made by the General Meeting of Shareholders of OR PJSC on 29 June 2018 (Minutes No. 2018-1 of the annual general meeting of shareholders of OR Public Joint Stock Company of 02 July 2018). Persons entitled to receive dividends were determined as of 16 July 2018. The amount of dividends per one share was 2.32 roubles.
In 2017, the IFRS-compliant net profit of Obuv Rossii increased by 10.8% and was RUB 1.3 bln, the revenue of the Group grew by 8.4% — up to RUB 10.8 bln. EBITDA increased by 7.8% and was RUB 2.74 bln, EBITDA profitability was 25.3%. The main share in the revenue structure of the Group is retail of footwear, accessories and related goods (65.5% of revenue in 2017).