St-Petersburg, Russia, 2017-Aug-23 — /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 reviewed IFRS financial results for the first half-year of 2017 on 30th August 2017. Lenta will also host an Analyst and Investor Conference Call on the same day to discuss the results.
Conference call details:
Date: Wednesday, 30th August 2017
Time: 17:00 (Moscow time), 15:00 (UK time), 10:00 (EST)
Jan Dunning, Chief Executive Officer
Jago Lemmens, Chief Financial Officer
Albert Avetikov, Director for Investor Relations
To participate in the conference call, please dial:
- +7 495 213 1767 (Local access)
- +44 (0)330 336 9105 (Local access)
- 0800 358 6377 (Toll free)
- +1 719-325-4756 (Local access)
- 800-598-5161 (Toll free)
Conference ID: 9007528 or quote the conference call title: “Lenta’s financial results for the half year ended 30 June 2017”
The reviewed IFRS financial results for the first half-year ended 30 June 2017, press release and respective presentation will be published at 10:00 am Moscow time (08:00 am UK time) and will be available at www.lentainvestor.com
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 195 hypermarkets in 78 cities across Russia and 60 supermarkets in Moscow, St. Petersburg, Novosibirsk and the Central region with a total of approximately 1,173,831 sq.m of selling space. The average Lenta hypermarket store has selling space of approximately 5,700 sq.m. The average Lenta supermarket store has selling space of approximately 900 sq.m. The Company operates seven owned 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 approximately 45,689 people as of 31 December 2016.
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’.
For further information please visit www.lentainvestor.com.
Director for Investor Relations
+7 812 363 28 44
Anton Karpov and Victoria Afonina
Тel:+7 495 795 06 23