Shareholders of “M. Video—Eldorado” Mikhail Gutseriev at the extraordinary General meeting decided not to pay the remaining dividend for the year 2019. Experts attribute this to large losses in a disconnected segment of the pandemic COVID-19. Another large non-food retailer Detsky Mir, has also revised the dividend policy. The rejection of distribution of profit or reduction in payments can be a General market trend 2020, analysts warn.The group “M. Video—Eldorado” announced that he would not pay the remaining dividend at the end of last year. According to the results of January—September, the group shareholders have already received 5,99 billion rubles, 33,37 RUB per share.By the end of March 2020, the group “M. Video—Eldorado”, included in structure of Mikhail Gutseriev, United 514 retail outlets under the brand name of “M. Video”, 504 — “Eldorado” and 20 stores m_mobile. By the end of 2019, the total revenue of the company amounted to 435 billion rubles without VAT.Read galericinae “M. Video—Eldorado” did not surprise experts. “Although the band during a pandemic COVID-19 strengthened its position in the online segment, the traditional trade segment experienced the negative impact from the introduction in many regions of the country, mode of isolation and of closing shopping centres”,— says senior analyst of Gazprombank Marat Ibragimov. According to analysts, the decline in dividend payout can be a trend this year and other retail companies, whose shares are traded on the stock exchange. In addition to “M. Video—Eldorado” review dividend policy has already decided the “Detsky Mir” (the basic shareholder — AFK “System” Vladimir Yevtushenkov).Citing the negative business impact of a pandemic, the company said it would postpone indefinitely the question of distribution of profit between the shareholders for the end of 2019. Prior to this, the retailer decided to allocate for dividends at least 50% of IFRS net profit for the previous period, or about 2 billion rubles. childrens Stores were opened during the regime of isolation. But it did not save the situation, experts say. Pessimistic they are looking at the market of home appliances and electronics running “M. Video—Eldorado”. According to the General Director “Infoline-Analytics” Michael Burmistrova, sales could fall by 7% to 1.8 trillion rubles. This, says the expert, virtually eliminates a positive trend, the segment still showed up to mode isolation.Nikita Sharenkov
