Russian retailer Fix Price boosts revenue 7.4% in Q4 to 87.7 billion rubles

MOSCOW. Feb 27 (Interfax) - Fix Price's revenue grew 7.4% in Q4 2024 compared to the same period last year, reaching 87.7 billion rubles, the company said.

Retail revenue, which generates the majority of the retailer's income, amounted to 80.6 billion rubles, up 10.7%. Wholesale revenue fell 19.4% to 7.2 billion rubles.

Adjusted EBITDA to International Financial Reporting Standards (IFRS) grew 13.3% to 18.06 billion rubles. The EBITDA margin was 20.6%, compared to 19.5% a year earlier.

Net profit fell 17.6% to 7.1 billion rubles.

Revenue was in line with the Interfax consensus forecast, which also projected a 7.4% increase to 87.7 billion rubles. Net profit exceeded expectations - analysts forecasted a 21.9% decline to 6.7 billion rubles.