Magnit’s full-year revenue and EBITDA rose significantly, which helped it book a more than 100% rise in net income.
Revenue in rubles increased by 34% YoY from 335,699.95 million RUR in 2011 to 448,661.13 million RUR in 2012. The top line growth was due to an increase in selling space as well as to a 5.26% increase of like-for-like sales (excl. VAT).
Revenue growth in dollar terms amounted to 26%: from US$ 11.4 million to US$ 14.4 million.
Gross margin grew from 24.33% in 2011 to 26.53% in 2012. Gross profit in rubles increased by 45.78% from 81,663.45 million RUR (US$ 2,778.86 million) to 119,051.79 million RUR (US$ 3,828.89 million).
EBITDA increased by 71.64% from 27,604.14 million RUR (US$ 939.32 million) in 2011 to 47,380.48 million RUR (US$ 1,523.83 million) in 2012. EBITDA margin in 2012 amounted to 10.56%. Net debt / EBITDA ration (in ruble terms) for 2012 amounted to 1.07.
2012 net income increased by 104.14% and amounted to 25,117.17 million RUR (US$ 807.81 million) vs. 12,303.84 million RUR (US$ 418.68 million) in 2011.
Source: www.freshplaza.com