S&P GLOBAL RATINGS ASSIGNED ITS CORPORATE CREDIT RATING TO PJSC “DETSKY MIR”
S&P Global Ratings (“S&P”) assigned its ‘B+’ long-term corporate credit rating to PJSC Detsky Mir (“the Company”) (MOEX: DSKY); Outlook Stable.
According to the report, S&P states that, among other factors, the rating is assigned due to the Company’s leading position in the retail market of children’s goods, demonstrating sound profitability and a competitive pricing policy translating into robust double-digit like-for-like annual sales growth rates.
Additional information is available on the website: www.standardandpoors.com.
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For additional information:
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Nadezhda Kiseleva Head of Public Relations Office: +7-495-781-0808, ext. 2041 Cell: +7-985-992-7857 |
Alexey Voskoboinik Head of Investor Relations Office: +7-495-781-0808 ext. 2582 |
Detsky Mir Group (MOEX: DSKY) is Russia’s largest specialized children’s goods retailer. The company operates a network of 525 stores, including 468 Detsky Mir stores in Russia and 12 in Kazakhstan located in 178 different cities, as well as 45 ELC (Early Learning Centre) stores in Russia. The total selling space as at 31 December 2016 was approximately 596,000 square meters.
In accordance with the audited Financial Statements under IFRS Group revenue amounted to RUB 79.5bn for the full year 2016. Adjusted EBITDA totaled RUB 8.2bn and Adjusted profit for the period amounted to RUB 3.8bn for 2016.
Detsky Mir Group’s shareholder structure is as follows: Sistema[1] – 52.10%; Russia-China Investment Fund (RCIF) [2] – 14.03%; Other shareholders owning less than 5% of the shares – 33.87%.
Lear more at www.detmir.ru, corp.detmir.ru or elc-russia.ru.
Disclaimer
Some of the information in these materials may contain projections or other forward-looking statements regarding future events or the future financial performance of Detsky Mir. You can identify forward looking statements by terms such as “expect”, “believe”, “anticipate”, “estimate”, “intend”, “will”, “could,” “may” or “might” the negative of such terms or other similar expressions. Detsky Mir wishes to caution you that these statements are only predictions and that actual events or results may differ materially. Detsky Mir does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of Detsky Mir, including, among others, general economic conditions, the competitive environment, risks associated with operating in the Russian Federation, rapid technological and market change in the industries Detsky Mir operates in, as well as many other risks specifically related to Detsky Mir and its operations.
([1]) Sistema is a publicly-traded diversified Russian holding company serving over 100 million customers in the sectors of telecommunications, high technology, pulp and paper, radio and space technology, banking, retail, mass media, tourism and healthcare services. Founded in 1993. Sistema’s global depositary receipts are listed under the symbol SSA on the London Stock Exchange. Sistema’s ordinary shares are listed under the ticker AFKS on Moscow Exchange.
([2]) RCIF is an equity fund established by the Russian Direct Investment Fund (RDIF) and China Investment Corporation (CIC), hold its stake in PJSC Detsky Mir through its funds: FLOETTE HOLDINGS LIMITED and EXARZO HOLDINGS LIMITED.