Moscow, 2015-4-27 — /EPR Retail News/ — X5 Retail Group, a leading Russian food retailer, is honoured to announce the opening of the 5000th store of the Pyaterochka national retail chain in Russia.
A ceremony to mark the opening of the store was attended by Alexei Nemeryuk, Head of the Department of Trade and Services of Moscow, Dmitry Dorofeev, Chairman of X5 Retail Group’s Supervisory Board, and Olga Naumova, Pyaterochka’s CEO.
The new store with the selling space of around 1,000 sq m is located on Generala Belova Street, Moscow’s Southern Administrative Area. The product offering comprises 5,000 SKUs, with 35% classified as fresh. The store is fully in line with the new Pyaterochka concept launched in October 2013. Currently, over 2,000 stores operate under the new concept in various Russian regions, of which 175 stores are located in Moscow.
To celebrate the opening of the 5,000th store, Pyaterochka announced a launch of a large-scale social project. The adjacent territory of 10,000 sq m will be used for the construction of a modern recreation area, including a children’s playground, a rollerdrome and a public park with over 500 trees. The opening of the recreation area is scheduled for 1 July 2015. Pyaterochka puts special focus on public amenities in areas adjacent to its stores. Last year, the chain launched the Pyaterochka’s Nice Courtyard programme.
Over the recent years, X5 Retail Group has significantly expanded its footprint, from Petrozavodsk in the Republic of Karelia to Tobolsk in the Tyumen Region. Pyaterochka is the driver of such an active expansion. Less than a year ago, in May 2014, X5 celebrated the opening of Pyaterochka’s 4,000th store in Russia (in Tikhoretsk, Krasnodar Territory). This year, the chain will see further expansion in Russian regions, creating more jobs and sales opportunities for local suppliers.
The Pyaterochka chain accounts for over 70% of X5’s revenue. In Q1 2015, as a result of the selling space increase by 28.8% and traffic growth by 17.9%, net retail revenue of the chain gained 34.7% year-on-year.
Note to Editors:
X5 Retail Group N.V. (LSE: FIVE, Fitch – ‘BB’, Moody’s – ‘B2’, S&P – ‘B+’) is a leading Russian food retailer. The Company operates several retail formats: the chain of proximity stores under the Pyaterochka brand, the supermarket chain under the Perekrestok brand, the hypermarket chain under the Karusel brand and Express convenience stores under various brands.
At 31 March 2015, X5 had 5,639 Company-operated stores. It has the leading market position in both Moscow and St. Petersburg and a significant presence in the European part of Russia. Its store base includes 4,958 Pyaterochka proximity stores, 405 Perekrestok supermarkets, 83 Karusel hypermarkets and 193 convenience stores. The Company operates 33 DCs and 1,407 Company-owned trucks across the Russian Federation.
For the full year 2014, revenue totaled RUB 633,873 mln (USD 16,498 mln), EBITDA reached RUB 45,860 mln (USD 1,194 mln), and profit for the period amounted to RUB 12,691 mln (USD 330 mln).
X5’s Shareholder structure is as follows: Alfa Group – 47.86%, founders of Pyaterochka – 14.43%, X5 Directors – 0.04%, treasury shares – 0.04%, free float – 37.63%.
For further details please contact
Maxim Novikov
Head of Investor Relations
Tel.: +7 (495) 502-9783
e-mail: Maxim.Novikov@x5.ru
Anastasiya Kvon
IR Director
Tel.: +7 (495) 792-3511
e-mail: Anastasiya.Kvon@x5.ru