M.Video Announces Sales Results for the Fourth Quarter and Full Year of 2015
The company announced that its total sales in 2015 declined 5.5% year-on-year to RUB 162.6 billion (approximately USD 2.1 billion) without VAT. This is the first the company's sales fall year-on-year after M.Video's IPO in 2007. Like-for-like sales fell 12.7% in 2015 in annual terms.