Due to quarantine measures amid the spread of COVID-19 GK “Detsky Mir”, despite the fact that the company is a seller of commodities, had to be closed temporarily 119 similar stores in Russia and Kazakhstan. While in Belarus, all stores “Deter” work as usual. In addition, the company had to temporarily suspend all of her other two chains selling toys — ELC and ABC.The pandemic COVID-19 retail network “Detsky Mir”, where the main shareholder is AFK “System” Vladimir Yevtushenkov, had to temporarily close 83 stores in Russia, 36 points in Kazakhstan (in 12 closed in the Republic of stores organized outlets online store). The company announced in neeregirovannom financial statements according to IFRS, published on Thursday. Belarusian network “Deter” continues to work normally. This is due to the fact that the official Minsk is not introduced in the Republic of quarantine measures amid the spread of the coronavirus.The total number of shops GK “Detsky Mir” on March 31 amounted to 846 points. While the retail company entered the list of sellers of commodities, which during the quarantine allowed both in Russia and in Kazakhstan. At the same time, Ledger had to close for the duration of the regime of forced isolation of citizens, declared in almost all regions of Russia and Kazakhstan, all the shops of the two networks toys — ELC and ABC, which develops “Children’s world”.Made April 30, statements of the General Director of GK “Detsky Mir” Maria Davydova mean that a group can begin to develop stores of the new ultra small format. “We see great potential in the development of such a format with a preliminary estimate of the market capacity of 2 thousand shops”— are the words of Mrs. Davydova in a statement. She admits that at the end of the second quarter GK can adjust goals with an emphasis on the development of ultra-small dots format. However, she confirmed published in early March the medium-term plans of the company about 300 traditional store network, with an internal rate of return of 40%.The share of the online segment in the overall revenues of the network “Children’s world” in Russia amounted to 41%. In addition, in April, despite the decline in business activity, PJSC “Children’s world” was able to place exchange bonds of series BO-06 with a total nominal value of 3 billion rubles with a coupon rate of 7.0% per annum. The date of the offer to three years. Also in March and April of PJSC “Children’s world”, according to Maria Davydova, was to refinance short-term debt in the amount of more than 11 billion rubles “however, she continues,— we have decided to increase the amount of funds in the accounts of the company to 10.8 billion rubles. to ensure business continuity in case of deterioration of economic and epidemiologist��cal situation in the country.”As for the key financial indicators of JSC “Detsky Mir” at the end of the first quarter of 2020, they are as follows. The amount of consolidated unaudited revenue increased by 11.2% to 31,0 bln RUB, compared to 27.9 billion rubles in the first quarter of 2019. Including the revenue of the online store increased by 110,5%, to 5.4 billion rubles, compared with the same period last year. The revenue of the network “Children’s world” in Kazakhstan increased by 31.1% to 974 million rubles, compared with the same period last year. Total comparable sales (like-for-like) stores “Children’s world” in Russia and Kazakhstan increased by 4%. The loss for the period excluding adjustments amounted to 255 million rubles In the same period adjusted EBITDA increased by 20.5% to RUB 2.3 bln, compared to RUB 1.9 billion in the first quarter of 2019.Khalil Amine
