St-Petersburg, Russia, 2017-Jan-24 — /EPR Retail News/ — Lenta Ltd, (LSE, MOEX: LNTA) (“Lenta”), one of the largest retail chains in Russia, is pleased to announce it will release its consolidated sales and operating results for the fourth quarter and full year of 2016 on 26th January 2017. Lenta will also host an Analyst and Investor Conference Call on the same day to discuss the results.
Conference call details:
Date: Thursday, 26th January 2017
Time: 17:00 (Moscow time), 14:00 (UK time), 09:00 (EST)
Speakers:
Jan Dunning, Chief Executive Officer
Jago Lemmens, Chief Financial Officer
Albert Avetikov, Director for Investor Relations
To participate in the conference call, please dial:
Russia
- +7 495 213 1767
UK
- +44 330 336 9105 (local access)
- 0800 358 6377 (toll free)
USA
- +1 719 457 2086 (local access)
- 800 274 0251 (toll free)
Conference ID: 7854062 or quote the conference call title: “Lenta Ltd. 4Q and FY 2016 Operational results”
The consolidated sales and operating results for the fourth quarter and full year ended 31 December 2016 and the respective presentation will be published at 10:00am Moscow time (07:00am UK time) and will be available at: www.lentainvestor.com
About Lenta
Lenta is the largest hypermarket chain in Russia (in terms of selling space) and the country’s fifth largest retail chain (in terms of 2015 sales). The Company was founded in 1993 in St. Petersburg. Lenta operates 190 hypermarkets in 771 cities across Russia and 50 supermarkets in Moscow, St. Petersburg and the Central region with a total of approximately 1,146,542 sq.m of selling space. The average Lenta hypermarket store has selling space of approximately 5,800 sq.m. The Company operates five owned hypermarket distribution centres.
The Company’s price-led hypermarket formats are differentiated in terms of their promotion and pricing strategies as well as their local product assortment. The Company employed 38,414 people as of 31st December 20152.
The Company’s management team combines a mix of local knowledge and international expertise coupled with extensive operational experience in Russia. Lenta’s largest shareholders include TPG Capital, the European Bank for Reconstruction and Development, all of whom are committed to maintaining high standards of corporate governance. Lenta is listed on the London Stock Exchange and on the Moscow Exchange and trades under the ticker: ‘LNTA’.
A brief video summary on Lenta’s business can be seen here.
1 According to Lenta’s methodology for calculating number of cities of presence, since 1 May 2015 all cities located in Moscow City and the Moscow region are shown as Moscow, and all cities located in the Leningrad region and St. Petersburg are shown as St. Petersburg.
2 FTE (full-time equivalent). Average FTE for 2015 was 31,307 employees.
For further information please visit www.lentainvestor.com, or contact:
Lenta
Albert Avetikov
Director for Investor Relations
+7 812 363 28 44
Albert.Avetikov@lenta.com
Citigate
International Media:
David Westover and Marina Zakharova
Тel: +44 207 282 2886
lentateam@citigatedr.co.uk
FTI Consulting
Russian Media:
Anton Karpov and Victoria Afonina
Тel:+7 495 795 06 23
lenta@FTIconsulting.com
Source: Lenta