MOSCOW, 2015-7-30 — /EPR Retail News/ — X5 Retail Group, a leading Russian food retailer (LSE ticker: “FIVE”), announces today the opening of its 6,000th store in Russia, as well as the more than doubling of the growth rate of its retail chains. It took X5 242 days to open the last 1,000 stores. The Group has increased the average rate of new store launches from two to four facilities per day.
Stephan DuCharme, X5 Retail Group CEO said: “Opening the 6,000th store is a milestone for the Group. It was just in autumn last year when we crossed the 5,000 store threshold, but we have already achieved a new breakthrough and are now celebrating 6,000 retail locations. In recent years, X5 Retail Group has expanded its footprint significantly. Currently X5 retail chains operate in over 50 regions across European Russia, the Urals and Siberia. In the current economic environment, modern retail provides the best option for Russian consumers, which is why we will continue to focus on organic growth.”
The landmark 6,000th facility is a Perekrestok store in Moscow, near Kievskiy Vokzal Square (8 Bolshaya Dorogomilovskaya Street). The new store in central Moscow will come as a welcome, modern addition to the area’s limited food retail options.
Alexei Nemeryuk, Director of Moscow City Department of Trade and Services, and Vladimir Sorokin, General Director of Perekrestok supermarket chain, attended the opening ceremony.
The total area of the new store is 1,813 sq m, and the product range includes around 9,500 SKUs, centred around fresh and ultra-fresh products. Thanks to an in-house bakery, the store will feature an extended offering of bread and pastries; there will also be a wide selection of in-house deli, fish and seafood products. The supermarket was opened in line with the new concept “Perekrestok – Choose the Best!”, which focuses on efficient shopping space arrangement and lighting. The shopping space layout, location of promotional offers and interior colours are all tailored to customer preferences and designed to ensure a better shopping experience.
Notes to Editors:
X5 Retail Group N.V. (LSE: FIVE, Fitch – ‘BB’, Moody’s – ‘Ba3’, S&P – ‘BB-’) is a leading Russian food retailer. The Company operates several retail formats: a chain of proximity stores under the Pyaterochka brand, a supermarket chain under the Perekrestok brand, the hypermarket chain under the Karusel brand, as well as Express convenience stores under various brands.
As of 30 June 2015, X5 had 5,971 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 5,273 Pyaterochka proximity stores, 438 Perekrestok supermarkets, 83 Karusel hypermarkets and 177 convenience stores. The Company operates 35 DCs and 1,364 Company-owned trucks across the Russian Federation.
For the full year 2014, revenue totalled 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). In Q1 2015, revenue totalled RUB 182,725 mln (USD 2,938 mln), EBITDA reached RUB 13,129 mln (USD 211 mln), and net income amounted to RUB 4,110 mln (USD 66 mln).
X5’s Shareholder structure is as follows: Alfa Group – 47.86%, founders of Pyaterochka – 14.43%, X5 Directors – 0.05%, treasury shares – 0.01%, free float – 37.64%.
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