"From Kaliningrad to Vladivostok": Ulmart - Russia's First Internet-retailer to Exceed $1 Billion in Sales

Ulmart presents its financial and operating results for 2013. The company has experienced robust growth in all spheres of business.  Revenue has increased by 62%to $1.2 billion (including VAT 18%) from 2012 end-year results.

Ulmart presents its financial and operating results for 2013. The company has experienced robust growth in all spheres of business.  Revenue has increased by 62%to $1.2 billion (including VAT 18%) from 2012 end-year results.

    

During its 5 years of operations, Ulmart can be positively compared with e-commerce leaders like Amazon, Alibaba, Google and others.

The large and modern infrastructure of its online-stores serviced by strategically-situated fulfillment centers makes Ulmart a favorite stop for the 750,000 unique users browse the site daily.  The conversion rate is a market-leading 4.5%.

Dmitry Kostigin, Ulmart's Chairman of the Board: "We are the leader of Russian internet-retail. We see a great potential for growth. Russia is the largest user of the internet in Europe and these  people are our potential customers. As the economy itself slows, e-commerce continues to grow dynamically."

Ulmart made large investments in its infrastructure last year by expanding into Russia's regions. 5 fulfillment centers (FC) were constructed and 140 pick-up points called "Outposts" were opened.

The company currently has three national "hubs"-over 12000 square meters-supplying the fulfillment centers.  Plans are to build additional 2 hubs of over 20,000 square meters in 2014 and to open 10 FC's.

Sergey Fedorinov, CEO of Ulmart: "We showed incredible growth, but, growth we expected. So far all of our growth predictions have come to fruition. Step-by-step we move to an ever larger and more profitable platform. Soon we will say that we service all Russians, from Kaliningrad to Vladivostok."

Contact: Brian Kean - +7-812-336-3777 extension 4575