Detskiy Mir Company News - Solid profitability despite personnel costs pressure
-EBITDA margin remained unchanged yoy at 13.4%-Net profit margin improved yoy to 8.3% thanks to lower FX loss
-Dividends of RUB 5.2 per share (60% of RAS net profit for Q1-3 21) were recommended
-We consider the results to be neutral
Detskiy Mir PAO is a Russia-based company, which is primarily engaged in the children products retail sector. The Company offers a wide range of products, such as toys, clothing and footwear, baby goods, stationery, school and learning related products, creative kits, sport related products, food, car seats, furniture, among others. The Company's structure includes the chain of stores Detskiy Mir and the retail network ELC (Early Learning Center). The Company's Detskiy Mir chain comprises over 480 stores located on the territory of the Russian Federation and Kazakhstan, as well as more than 40 ECL stores. Detskiy Mir PAO is primarily active domestically and in the Commonwealth of Independent States (CIS) countries. In addition, the Company sells products online via its Website. The Company's major shareholder is AFK Sistema PAO.
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