Magnit announced the operational and unaudited financial results of activities for the 4th quarter and 2020.
Source: "Magnit"
Key operating and financial indicators for the 4th quarter of 2020:
- The overall revenue increased by 10.6% year by year to 407.2 billion rubles;
- Net retail revenue increased by 10.7% year to year and amounted to 395.2 billion rubles;
- comparable sales (LFL) increased by 7.5% against the background of the growth of average check by 16.3% and reduced traffic by 7.6%;
- Company opened (Gross) 445 stores (243 stores at the house, two supermarket and 200 drroys). As a result of the ongoing campaign to improve operational efficiency, 35 stores are closed. Thus, 410 stores were opened (NET), the total number of network stores as of December 31, 2020 was 21,564;
- The company's trading area increased by 126 thousand square meters. m. The total trading area was 7,497 thousand square meters. m (height 3.6% year by year);
- The company has completed redesign 55 stores at home and 17 supermarkets. As of December 31, 2020, the share of new stores and shops passed redesign was 72% of the shops at the house, 29% of supermarkets and 56% of Drochyri stores;
- Gross profitability amounted to 23.3% - an increase of 168 bp. year by year Against the background of improving commercial conditions, reducing promotional activity in combination with an increase in promotion coverage and increasing profitability of promotional activities, reduce losses and logistics costs, partially leveled by expenses on the loyalty program;
- EBITDA indicator amounted to 28.6 billion rubles. EBITDA profitability showed the greatest year of growth to the year among all quarters of 2020 to 7.0% (at 160 bp), due to the strong dynamics of gross profitability and the reduction of commercial, general and administrative expenses;
- Net profit almost tripled year to year and amounted to 11.1 billion rubles. The profitability of net profit grew from 1.1% in the 4th quarter of 2019 to 2.7% in the 4th quarter of 2020
Key operating and financial indicators for 2020:
- The overall revenue increased by 13.5% year by year to 1,553.8 billion rubles;
- pure retail revenue increased by 13.3% year by year and amounted to 1,510.1 billion rubles;
- comparable sales (LFL) increased by 7.4% amid the growth of average check by 14.1% and reduced traffic by 5.9%;
- Company opened 1,292 stores (669 stores at the house, four supermarkets and 619 Drogheri). As a result of the ongoing campaign to improve operational efficiency, 453 stores are closed. Thus, 839 stores (NET) were opened, the total number of network stores as of December 31, 2020 was 21,564;
- The company's trading area increased by 258 thousand square meters. m. The total trading area was 7,497 thousand square meters. m (height 3.6% year by year);
- The company has completed redesign 280 stores at the house, 25 supermarkets and 80 shops of Drogheri. As of December 31, 2020, the share of new stores and shops passed redesign was 72% of the shops at the house, 29% of supermarkets and 56% of Drochyri stores;
- Gross profitability amounted to 23.5% - an increase of 74 bp. year by year Against the background of improving commercial conditions, reducing promotional activity in combination with an increase in promotion coverage and increasing profitability of promotional activities, reduce losses and logistics costs, partially leveled by expenses on the loyalty program;
- EBITDA indicator amounted to 109.4 billion rubles. The increase in profitability by EBITDA by 97 bp. year by year to 7.0% due to the strong dynamics of gross profitability and the reduction of commercial, general and administrative expenses;
- Net profit increased by 120.8% year by year and amounted to 37.8 billion rubles. The profitability of net profit grew from 1.2% in 2019 to 2.4% in 2020.
Earlier, "Magnit" launched a truck market upgrade program.
In addition, "Magnit" allowed suppliers to their business processes.
Retail.ru.