Page 23 - bne_Tech_03_2020

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March 2020 www.intellinews.com I Page 23
Russian shoe retailer Obuv Rossii plans online marketplace
Russian shoe manufacturer and retailer Obuv Rossii plans to develop an online marketplace, aiming to increase efficiency without gaining selling space.
As reported by bne IntelliNews, in 3Q19 Obuv showed the revenue growth decelerating to 12% y/y from 20% y/y in 1H19. The company rebounded in 4Q19, not due to core sales, but rather on the back of robust cash loan growth.
Obuv Rossii now hopes to expand the customer base to small cities where the level of penetration of online trading is not very high with an online marketplace based on westfalika.ru.
In March, the project will go into the test mode in more than 30 stores in 11 cities of the Siberian region, reaching full capacity by 2021. The company plans to have the online marketplace boost total sales by more than 30% in two years.
Hrvatski Telekom’s revenues, profits decline in 2019
Croatian telecoms operator Hrvatski Telekom has reported a fall in total consolidated net revenue
of HRK79mn (€10.6mn), or 1.0% year on year, to HRK7.704bn in 2019, according to the company’s unaudited 2019 results posted by the Zagreb Stock Exchange (ZSE).
This was despite revenue growth in the company’s Mobile Telecommunications, TV and System Solutions divisions.
Among the other key results, Ebitda before exceptional items after leases (Ebitda AL) in 2019 stood at HRK2.908bn, which was down 4.1% compared to FY2018, mainly due to increased material, roaming and personnel costs, the company said.
Ebit (operating profit) was down by 28.8% y/y to HRK1.012bn, according to the company’s summary of key financial indicators.
The company also reported that it had carried out record investments in fibre and mobile network modernisation in 2019, with total investments during the year reaching a decade-long high.
During the year, Hrvatski Telekom invested HRK1.9bn in infrastructure and development of innovative services, up 4.1% compared to 2018.