“Children’s world” has increased profit more than four times

The net profit of the group of companies “Children’s world” in the first quarter of 2016 rose more than four times — up to 0.1 billion rubles this is stated in the message of the company reporting for the period received by RBC.

Gross profit increased by 25.2% to RUB 5.5 billion, compared to 4.4 billion rubles in the previous year. Revenue increased 35.1% from 12.2 billion to 16.4 billion rubles.

Thus by 0.8 p. p decreased the profitability of the “Children’s world” — from 5.7 to 4.9%. Gross margin of 33.4%.

Compared to the first quarter last year the number of stores grew by almost a third — from 330 to 428. These include shops under the brand of Detsky Mir, and the centers of educational toys ELC.

OIBDA has increased from 0.7 billion RUB in the first quarter of 2015 to 0.8 bln RUB, OIBDA margin amounted to 4.9%.

Group “Detsky Mir” brings together a network of shops “Detsky Mir and ELC centers. The main owner of the company is AFK Sistema. In January Russia-China investment Fund (RCIF), which founders are Russian direct investment Fund (RDIF) and China Investment Corporation (CIC), has closed the transaction on purchase at “the System” for 23.1% of the shares of OJSC “Detskiy Mir”. The transaction value amounted to 9,75 billion rubles, and the whole “Children’s world” was valued at 42.2 billion rubles.