The company revealed that consolidated revenue grew 23% in the nine months to 131.56 billion roubles (€2.9 billion).
Its earnings before interest, taxation, depreciation and amortisation (EBITDA) grew 39% to 2.8 billion roubles in the third quarter of the year, giving a 6.3% margin on revenue of 44.2 billion roubles, compared with a 5.6% margin the year earlier.
In a statement, the company said that the fantastic performance was driven by sales expansion at its neighbor market format.
The company opened 168 new stores in the year-to-date, increasing selling space by 24% on the year.
Source: www.esmmagazine.com