Russian retailer Lenta opens its third hypermarket in Ryazan

St. Petersburg, Russia, 2017-Nov-14 — /EPR Retail News/ — Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its third hypermarket in Ryazan.

The new store is a Lenta compact format hypermarket located at 11 Solotchinskoe highway, on premises formerly operated by NASH hypermarket. The store has a total area of 9,629 sq.m with 4,724 sq.m of selling space and is open from 8 a.m. to 11 p.m., seven days a week. A broad product assortment of 17,500 SKUs has been selected specifically for residents of Ryazan and includes Lenta’s private labels and federal product ranges alongside local produce. The store has 450 parking spaces and 22 cash registers including 4 self-checkout lanes. The property is leased by Lenta.

This opening in Ryazan is Lenta’s eighteenth hypermarket opening in 2017 and brings the total number of Lenta stores to 209 hypermarkets in 80 cities across Russia and 69 supermarkets in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg and the Central region.

About Lenta
Lenta is the largest hypermarket chain in Russia and the country’s fourth largest retail chain. The Company was founded in 1993 in St. Petersburg. Lenta operates 209 hypermarkets in 80 cities across Russia and 69 supermarkets in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg and the Central region with a total of approximately 1,248,051 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 40,400 people as of 30 June 20171.

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 and the European Bank for Reconstruction and Development, both of which 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 and its Big Data initiative can be seen here.

For further information please visit www.lentainvestor.com

Contact:

Lenta 
Тel:+7 (812) 336 39 97
E-mail: pr@lenta.com

NW Advisors
Anton Karpov & Victoria Afonina
Тel:+7 495 795 06 23
E-mail: lenta@nwadvisors.com

Source: Lenta

Russian retailer Lenta to purchase 22 supermarkets in Siberia from Holiday Group

St. Petersburg, Russia, 2017-Nov-11 — /EPR Retail News/ — Lenta Ltd, (LSE, MOEX: LNTA / “Lenta” or the “Company”), one of the largest retail chains in Russia, is pleased to announce an agreement has been reached with the Holiday Group to purchase 22 supermarkets in the Siberia region.

Assets
The assets to be acquired consist of 22 owned supermarkets currently operated under the “Holiday Classic”, “Kora” and “Holdy” brands. 11 of the stores are located in Novosibirsk, 7 in Kemerovo and 4 Barnaul. The average selling space per store is around 800 square meters, giving total selling space of approximately 18 thousand square meters. The stores are compatible with Lenta’s supermarket format in terms of size and layout, and the locations are complementary to Lenta’s existing stores.

Lenta’s Chief Executive Officer, Jan Dunning said:
“Lenta is pleased to announce an agreement to acquire 22 supermarkets in Siberia from the Holiday Group. This transaction will significantly strengthen our network in Siberia, giving many more customers the opportunity to shop at a Lenta store close to their homes. The stores all have good urban locations and are complementary to Lenta’s existing network.

Siberia is an important region for Lenta. The company opened its first hypermarket in Novosibirsk in 2006 and its first supermarket in the city earlier this year. We currently operate 36 hypermarkets and 4 supermarkets across Siberia, served by our distribution centre in Novosibirsk.

While Lenta remains primarily focused on organic expansion, we are happy to supplement this by acquiring high quality existing stores when suitable opportunities arise. We have a strong track record of successful integration and look forward to welcoming former Holiday store employees into the Lenta family. The stores will be refurbished and rebranded over the next few months.”

Approvals and integration
All the stores are expected to transfer to Lenta ownership before year end 2017. The transaction does not require any regulatory approvals.

The stores will be closed temporarily for refurbishment and rebranding as Lenta stores, with all works expected to be completed by end March 2018.

Lenta 2017 Guidance
Lenta’s existing guidance of about 50 supermarket openings in 2017 with capital expenditure in the range of RUB 30-35bn remains unchanged.

About Lenta
Lenta is the largest hypermarket chain in Russia and the country’s fourth largest retail chain. The Company was founded in 1993 in St. Petersburg. Lenta operates 204 hypermarkets in 79 cities across Russia and 69 supermarkets in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg and the Central region with a total of approximately 1,223,933 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 40,400 people as of 30 June 2017.

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 and the European Bank for Reconstruction and Development, both of which 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 and its Big Data initiative can be seen here.

Forward looking statements:
This announcement includes statements that are, or may be deemed to be, “forward-looking statements”. These forward-looking statements can be identified by the fact that they do not only relate to historical or current events. Forward-looking statements often use words such as “anticipate”, “target”, “expect”, “estimate”, “intend”, “expected”, “plan”, “goal”, “believe”, or other words of similar meaning.

By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances, a number of which are beyond Lenta’s control. As a result, actual future results may differ materially from the plans, goals and expectations set out in these forward-looking statements.

Any forward-looking statements made by or on behalf of Lenta speak only as at the date of this announcement. Save as required by any applicable laws or regulations, Lenta undertakes no obligation publicly to release the results of any revisions to any forward-looking statements in this document that may occur due to any change in its expectations or to reflect events or circumstances after the date of this document.

For further information please visit www.lentainvestor.com

Contact:

Lenta
E-mail: pr@lenta.com Russian media:
NW Advisors
Anton Karpov & Victoria Afonina
Тel:+7 (495) 795 06 23
E-mail: lenta@nwadvisors.com

International media:
FTI Consulting
Леонид Финк
Тел.: +44 7497 783 705
E-mail: Leonid.Fink@fticonsulting.com

Source: Lenta

Russian retailer X5 Retail Group to hold its Extraordinary general meeting of shareholders on 15 October 2015

Amsterdam, NETHERLANDS, 2015-10-3 — /EPR Retail News/ — X5 Retail Group N.V. (“X5” or the “Company”), a leading Russian retailer (LSE ticker: “FIVE”), invites its shareholders and holders of global depository receipts (GDRs) to its Extraordinary general meeting of shareholders (the “EGM”) to be held at Parkstraat 20, 2514 JK The Hague, The Netherlands at 11.00 CET on 12 November 2015. The record date for the EGM is 15 October 2015.

The agenda items to be considered by shareholders and holders of GDRs at the EGM are:

  • the appointment of Mr. Stephan DuCharme and Mr. Michael Kuchment as members of the Supervisory Board,
  • the appointment of Mr. Igor Shekhterman as Chief Executive Officer and member of the Management Board, and
  • the appointment of EY as the new external auditor of the Company starting 1 January 2016.

Explanatory notes to the EGM agenda are available at www.x5.ru.

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

Note 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: 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.

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 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). In H1 2015, revenue totaled RUB 382,608 mln (USD 6,666 mln), EBITDA reached RUB 27,518 mln (USD 479 mln), and net income amounted to RUB 7,942 mln (USD 138 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%

Forward looking statements:
This announcement includes statements that are, or may be deemed to be, “forward-looking statements”. These forward-looking statements can be identified by the fact that they do not only relate to historical or current events. Forward-looking statements often use words such as “anticipate”, “target”, “expect”, “estimate”, “intend”, “expected”, “plan”, “goal”, “believe”, or other words of similar meaning.

By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances, a number of which are beyond X5 Retail Group N.V.’s control. As a result, actual future results may differ materially from the plans, goals and expectations set out in these forward-looking statements.

Any forward-looking statements made by or on behalf of X5 Retail Group N.V. speak only as at the date of this announcement. Save as required by any applicable laws or regulations, X5 Retail Group N.V. undertakes no obligation publicly to release the results of any revisions to any forward-looking statements in this document that may occur due to any change in its expectations or to reflect events or circumstances after the date of this document.

Russian retailer X5 Retail Group launched a business forum programme X5 Dialogue

Voronezh, Russia, 2015-9-21 — /EPR Retail News/ — X5 Retail Group, a leading Russian food retailer, has launched a business forum programme, X5 Dialogue, to foster relations with Russian producers interested in cooperation with the Company’s retail chains.

One of the key events of the programme was today’s X5 Regional Supplier’s Day in Voronezh. The programme will also include meetings with food producers’ unions and a conference with the Company’s top 100 suppliers, which is scheduled for October 2015.

Voronezh was selected to host the first X5 Regional Supplier’s Day because it is Central Russia’s key agricultural region. In 2015, X5 opened two state-of-the-art logistics facilities here, Ramon and Chernozemye, strengthening ties between local companies and consumers from six neighbouring regions.

The forum’s objective was to provide local producers with information and advice on a wide range of topics concerning cooperation with retail chains, such as product quality control, as well as requirements for transportation, storage, selling and disposal of food products set out in the Customs Union’s and X5’s technical regulations.

The producers were also informed of marketing opportunities available at various production stages, from regional to national sales. Marketing directors from national retail chains presented approaches to organising joint promotions, provided recommendations on packaging design and advertising in stores, as well as on participation by various producers in the retail chains’ private label product line.

The forum also focused on requirements and conditions for selecting contractors, recommendations on drafting of business proposals, and compliance with the Code of Good Practice, the key retail self-regulation tool.

In total, 40 agricultural and processing companies from the Voronezh Region participated in the forum. In addition to general sections, any participant could get an individual consultation from X5’s leading category managers. The forum also hosted an exposition of products from local Voronezh companies.

As part of the X5 Dialogue programme, this autumn the Company will also hold meetings with representatives of the Russian Guild of Bakers and Confectioners, National Meat Association, National Dairy Producers Union, the Union of Russian Brewers, and other industry unions and regional trade associations. These meetings will focus on compliance with the Code of Good Practice and the use of self-regulation tools and processes.

The final event in the 2015 programme will be a conference with the Company’s top 100 suppliers, which will serve as a platform for real-time dialogue between the Company’s senior managers and executives of its largest suppliers.

Note 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: 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.

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 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). In H1 2015, revenue totaled RUB 382,608 mln (USD 6,666 mln), EBITDA reached RUB 27,518 mln (USD 479 mln), and net income amounted to RUB 7,942 mln (USD 138 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%.

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