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Russian toy retailer Detsky Mir sees 2017 revenue rising 30 pct - Interfax
June 24, 2017 / 9:19 AM / 5 months ago

Russian toy retailer Detsky Mir sees 2017 revenue rising 30 pct - Interfax

MOSCOW, June 24 (Reuters) - Russia’s largest toy retailer Detsky Mir plans to boost its revenue by 30 percent in 2017, Interfax new agency quoted Mikhail Shamolin, the head of Russian business conglomerate Sistema, Detsky Mir’s co-owner, as saying on Saturday.

The 70-year-old retailer, which went public in February, reported 31-percent growth in revenue to 79.5 billion roubles ($1.3 billion) in 2016.

In May, Detsky Mir, which means “Children’s World” in Russian, said that it was on target to post a double-digit adjusted EBITDA margin in 2017. ($1 = 59.4330 roubles) (Reporting by Polina Devitt; Editing by Toby Chopra)

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