{"id":1997,"date":"2021-10-14T09:11:00","date_gmt":"2021-10-14T06:11:00","guid":{"rendered":"https:\/\/ir.detmir.ru\/en\/2021\/10\/14\/detsky-mir-groups-gmv-increased-by-16-4-in-q3-2021\/"},"modified":"2021-10-14T09:11:00","modified_gmt":"2021-10-14T06:11:00","slug":"detsky-mir-groups-gmv-increased-by-16-4-in-q3-2021","status":"publish","type":"post","link":"https:\/\/ir.detmir.ru\/en\/press-centre\/news\/detsky-mir-groups-gmv-increased-by-16-4-in-q3-2021\/","title":{"rendered":"Detsky Mir Group\u2019s GMV Increased by 16.4% in Q3 2021"},"content":{"rendered":"<p><strong>Moscow, Russia, 14 October 2021. <\/strong>Detsky Mir Group (\u201cDetsky Mir\u201d or the \u201cCompany\u201d, MOEX: DSKY), a multi-vertical digital retailer and the leader in the children\u2019s goods sector in Russia and Kazakhstan, announces its operating results for the third quarter and nine months ended 30 September 2021.<\/p>\n<p>Q3\u00a02021 Operating Highlights<\/p>\n<ul>\n<li><strong>The Group\u2019s gross merchandise value (GMV)<\/strong> increased by 16.4% to RUB\u00a049.5\u00a0bn (incl. VAT).<\/li>\n<li><strong>Total online sales volume<\/strong> in Russia increased by 43.7% to RUB\u00a012.7\u00a0bn (incl. VAT):\n<ul>\n<li><strong>The share of online sales <\/strong>in Russia reached 27.0%.<\/li>\n<\/ul>\n<\/li>\n<li><strong>The Group\u2019s net revenue <\/strong>increased by 14.0% to RUB\u00a043.9\u00a0bn.<\/li>\n<li><strong>Sales of private labels and direct imports<\/strong> in Russia totaled a record 53.0% of total sales (+4.0\u00a0p.p. year-on-year).<\/li>\n<li><strong>The Company opened <\/strong>85\u00a0new stores: 19\u00a0Detsky Mir branded stores in Russia, 2 Detsky Mir stores in Kazakhstan, 3 Detmir stores in Belarus, 34 Detmir Mini stores, and 27\u00a0Zoozavr stores.<\/li>\n<li><strong>The total number of Group stores <\/strong>amounted to 1,014 (+25.2% year-on-year), across 418\u00a0cities and towns in Russia, Kazakhstan and Belarus.<\/li>\n<li><strong>The Group\u2019s total selling space<\/strong> increased by 10.3% to 947,000\u00a0sq.\u00a0m,<strong> while the total floor space of stores<\/strong> amounted to 1,179,000 sq.\u00a0m.<\/li>\n<\/ul>\n<p>9M&nbsp;2021 Operating Highlights<\/p>\n<ul>\n<li><strong>The Group\u2019s GMV<\/strong> increased by 20.7% to RUB&nbsp;131.0&nbsp;bn (incl. VAT).<\/li>\n<li><strong>Total online sales volume<\/strong> in Russia increased by 42.7% to RUB&nbsp;35.2&nbsp;bn (incl. VAT):\n<ul>\n<li><strong>The share of online sales<\/strong> in Russia reached 28.2%.<\/li>\n<\/ul>\n<\/li>\n<li><strong>The Group\u2019s net revenue <\/strong>increased by 18.9% to RUB&nbsp;117.0&nbsp;bn.<\/li>\n<li><strong>Sales of private labels and direct imports <\/strong>in Russia totaled 47.5% of total sales (+3.7&nbsp;p.p. year-on-year).<\/li>\n<li><strong>The Company opened <\/strong>146&nbsp;new stores: 48 Detsky Mir and Detmir stores (Russia, Kazakhstan, Belarus), 67 Detmir mini stores and 31 Zoozavr stores.<\/li>\n<li><strong>Total warehouse space<\/strong> was 175,000&nbsp;sq.&nbsp;m.<\/li>\n<\/ul>\n<p>Q3&nbsp;2021 Key Events<\/p>\n<ul>\n<li>Detsky Mir made a decision to strengthen its C-suite&nbsp;team, driven by the fast pace at which the Company\u2019s new ambitious strategy, business verticals and digital transformation are being implemented and deployed. Anna Garmanova, Chief Financial Officer (CFO) at Detsky Mir, left the Company effective 1&nbsp;August 2021. Andrey Spivak took up the roles of CFO and Member of the Management Board from 16&nbsp;August. Mr.&nbsp;Spivak has over 19&nbsp;years of experience in retail and FMCG (Magnit, X5 Retail Group, Wrigley Ukraine, and Wrigley Russia). Sergey Li was appointed Chief Operating Officer (COO) and Member of the Management Board from 15&nbsp;July. Mr. Li has over 17 years of experience in retail (M.Video\u2013Eldorado, M.Video, Sulpak (Kazakhstan), and Philips). Another appointment was Mikhail Makhyanov, starting as Head of Investor Relations from 16&nbsp;August. Mr.&nbsp;Makhyanov has more than seven years of experience working at public companies and in capital markets (Polyus and Renaissance Capital).<\/li>\n<li>Maria Davydova ranked among the top three CEOs according to the updated ranking by Institutional Investor, a leading global financial periodical. The Detsky Mir team came second in both the overall ranking of management teams and among IR&nbsp;teams.<\/li>\n<li>Detsky Mir and PinUp Production released a Cozy Autumn with Detsky Mir! \u2013 a hygge style promotional video to support the new autumn collection. A large-scale advertising campaign was launched on TV and in digital channels on 23 August, running until 29 September.<\/li>\n<\/ul>\n<p>Key Events After the Reporting Date<\/p>\n<ul>\n<li>Detsky Mir\u2019s marketplace was recognized as the best niche marketplace according to ECOM AWARDS 2021, an e-commerce and retail professional award launched this year.<\/li>\n<li>The Company launched its third regional distribution center in the Novosibirsk Region. The fulfillment center, hosted by Russian Post, will ensure next-day delivery of at least 80% of online orders to Detsky Mir customers in the Siberian Federal District. At the fulfillment warehouse, Russian Post will be able to store simultaneously up to 200,000 SKUs from Detsky Mir\u2019s product assortment, while shipping up to 90,000 online orders per month. The center will be able to handle goods of all categories, from diapers and toys to children\u2019s furniture, strollers and pet supplies.<\/li>\n<\/ul>\n<p>ESG Highlights<\/p>\n<ul>\n<li>Three thousand customers of the Zoozavr chain took part in a campaign to help homeless pets. More than 890 kg of pet food and treats for dogs and cats were collected, as well as over 150 items of essential goods, including hygiene products, toys and pads.<\/li>\n<li>The Detsky Mir Charitable Foundation donated over RUB 1 million worth of warm outerwear, mattresses and diapers, as well as toys, books, stationery and arts and crafts supplies to large families in Russia.<\/li>\n<li>Detsky Mir supported the Time for Good Deeds annual charity campaign. A donation worth about RUB 9 million included goods that children need: apparel, footwear, hygiene products, toys, books, and stationery.<\/li>\n<li>The Detsky Mir Charitable Foundation helped disadvantaged children to get ready to go back to school, collecting and donating more than 1.8 million goods through a charity campaign \u2013 stationery, exercise books, apparel, footwear, and kits for first-graders. Assistance was provided to more than 650,000 children in difficult life situations.<\/li>\n<li>The Detsky Mir Charitable Foundation supported social projects run by non-profit organizations and social institutions in eight Russian regions. A donation worth over RUB 2.2 million was distributed among several social institutions for children, non-profit and charitable organizations, families in difficult life situations, as well as organizations supporting homeless pets.<\/li>\n<\/ul>\n<ul>\n<li>Detsky Mir sent almost two tonnes of clothing and shoes for recycling in the first half of 2021.<\/li>\n<\/ul>\n<p>Maria Davydova, CEO of PJSC Detsky Mir:<\/p>\n<p>\u201cOver 9M 2021, Detsky Mir has confirmed its status as the leading player in the children\u2019s goods markets in Russia and Kazakhstan. Our standout success was the strong growth in online sales: in the third quarter, total online sales in Russia grew 43.7%, while the share of online sales reached 27%. We had a bumper back-to-school season, with apparel and footwear posting a record 36% share of total sales. We also saw strong demand for our private labels, with sales of private labels and direct imports in Russia growing to 53%. We will continue to further develop our omnichannel proposition and new business verticals by fully leveraging our logistics, retail and digital infrastructure to deliver strong results both offline and online, and by offering our customers an enormous range of products and an advanced customer experience.\u201d<\/p>\n<p><a href=\"http:\/\/ir.detmir.ru\/en\/wp-content\/uploads\/sites\/3\/2021\/10\/Q3_2021_Trading_Update_ENG.pdf\">View the full press release<\/a><\/p>\n<p><strong>For additional information:<\/strong><\/p>\n<p><strong>&nbsp;Julia Polikarpova<\/strong>&nbsp;&nbsp; &nbsp; &nbsp; &nbsp;<\/p>\n<p>Head of Public Relations &nbsp; &nbsp; &nbsp; &nbsp;<\/p>\n<p>Tel.: +7 495 781 08 08, ext. 2041 &nbsp; &nbsp; &nbsp; &nbsp;<\/p>\n<p>upolikarpova@detmir.ru<\/p>\n<p><strong>Mikhail Makhyanov<\/strong><\/p>\n<p>Head of Investor Relations<\/p>\n<p>Tel.: + 7 495 781 08 08, ext. 2315<\/p>\n<p>mmakhyanov@detmir.ru<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Detsky Mir Group announces its operating results for the third quarter and nine months ended 30 September 2021.<\/p>\n","protected":false},"author":1,"featured_media":1996,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"_links":{"self":[{"href":"https:\/\/ir.detmir.ru\/en\/wp-json\/wp\/v2\/posts\/1997"}],"collection":[{"href":"https:\/\/ir.detmir.ru\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ir.detmir.ru\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ir.detmir.ru\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ir.detmir.ru\/en\/wp-json\/wp\/v2\/comments?post=1997"}],"version-history":[{"count":0,"href":"https:\/\/ir.detmir.ru\/en\/wp-json\/wp\/v2\/posts\/1997\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ir.detmir.ru\/en\/wp-json\/wp\/v2\/media\/1996"}],"wp:attachment":[{"href":"https:\/\/ir.detmir.ru\/en\/wp-json\/wp\/v2\/media?parent=1997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ir.detmir.ru\/en\/wp-json\/wp\/v2\/categories?post=1997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ir.detmir.ru\/en\/wp-json\/wp\/v2\/tags?post=1997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}