Page 73 - RusRPTMay19

X5 Retail Group’s robust revenue growth of 15.3% y/y in 1Q19, declining shrinkages from the disappointing base and a slowing number of openings lay the ground for improvement in the EBITDA margin (+50bp y/y to 6.6%).
Yandex’s top-line growth rates remained high across all its verticals. The main drivers remained positive trends in internet and taxi. Mail.ru Group revenue was likely supported by internet, international expansion of its games, music services and Delivery Club promotions.
InterRAO’s FY19 and 1Q19 are set to prove the company is able to deliver on its continuous EBITDA guidance upgrades. Unipro 1Q19 and FY19 are set to enable the company to finally start reporting both optical and underlying profitability expansion.
73 RUSSIA Country Report May 2019 www.intellinews.com