CFO says X5 Retail Group aims at EBITDA margin of over 7% - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

CFO says X5 Retail Group aims at EBITDA margin of over 7%

MOSCOW, Apr 26 (PRIME) -- Russias X5 Retail Group targets an earnings before taxes, depreciation, and amortization (EBITDA) margin above 7%, CFO Svetlana Demyashkevich said in a conference call on Thursday.

In JanuaryMarch, the companys adjusted EBITDA margin fell to 6.3% from 7.7% in the same period of 2017. In 2017, the companys EBITDA margin remained flat on the year at 7.7%.

We still keep the target of over 7% for the year. As weve said before, the first quarter is the most difficult for us from the point of view of maintaining profitability, Demyashkevich said.

The EBITDA margin in JanuaryMarch and AprilJune of 2017 was unusually high backed by amendments to the trade law and cost cuts. If we look at dynamics that we had in 2015 and 2016, I would say that the current margin dynamics are normal from the point of view of seasonality, she said.

Russias food inflation fell to an all-time low of 1% in JanuaryMarch 2018, which had an impact on all retailers, she added.

End

26.04.2018 18:05
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 79.1749 -0.1846 19 sep
USD 67.7519 -0.4439 19 sep
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1119.73 +1.84 18:08 18 sep
micex 2398.57 +1.05 18:08 18 sep
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 157.15 +1.09 17:51 18 sep
lkoh 4673.00 +0.91 17:51 18 sep
rosn 440.25 -0.24 17:51 18 sep
sber 192.08 +2.11 17:51 18 sep
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 79.1900 -0.2175 14:59 18 sep
USDTD 68.0075 -0.0025 17:44 18 sep