X5 Reports Q3 2012 Operational Results
OREANDA-NEWS. October 22, 2012. X5 Retail Group N.V. (“X5” or the “Company”), Russia's largest retailer in terms of revenue (LSE ticker: “FIVE”), announced today the Company’s preliminary consolidated net retail sales and operational performance for the third quarter (Q3) and nine months (9M) of 2012.
Q3 2012 Highlights |
9M 2012 Highlights |
Consolidated net retail sales (sales) increased 10.4% year-on-year (y-o-y) in Rouble (RUR) terms to RUR 115,882 million (mln); Sales increased y-o-y by 11.1% due to organic expansion, which was offset by a 0.7% decrease in LFL sales; 174 stores were added on a net basis, including the opening of 157 soft discounters, nine supermarkets, 14 convenience stores and six store closures; Net addition of 45 thousand square meters (sq. m.) of selling space. |
Consolidated net retail sales increased by 8.2% y-o-y to RUR 356,207 mln; Sales increased y-o-y by 10.1% due to organic expansion, which was offset by a 1.9% decrease in LFL sales; 470 stores were added on a net basis, including the opening of 431 soft discounters Net addition of 138 thousand sq. m. of selling space. 20 supermarkets, 49 convenience stores and 30 store closures; |
LSE-Listed X5 Retail Group N.V. is one of the largest Russian food retailers in terms of sales. The Company uses a multi-formatted strategy to develop several formats: soft discounters, supermarkets, hypermarkets, online retail channel and convenience stores.
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