REG-Fix Price Group PLC Fix Price Group PLC: Fix Price opens 300th store in Kazakhstan

Fix PriceAnnouncement

02/07/2024 15:30

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   Fix Price Group PLC (FIXP)
   Fix Price Group PLC: Fix Price opens 300th store in Kazakhstan

   02-Jul-2024 / 17:30 MSK

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   FIX PRICE OPENS 300TH STORE IN KAZAKHSTAN

   The Company plans to expand its store footprint in Kazakhstan by 40 stores
   in 2024

    

   2 July 2024 – Fix Price Group PLC  (LSE and MOEX: FIXP, AIX: FIXP.Y,  “Fix
   Price”, the “Company” or  the “Group”), one of  the leading variety  value
   retailers globally and the largest in Russia, has announced the launch  of
   its 300th store in Kazakhstan. The anniversary outlet opened in Almaty.

   As of  30 June  2024,  Fix Price  operated 304 stores  across  Kazakhstan,
   including  287 Company-operated   and  17 franchise   stores  located   in
   19 regions and 55 cities,  towns, and localities,  with the total  selling
   area exceeding  66,000 sq. m.  Top regions  by  the number  of  Fix  Price
   outlets include Astana (43), Karaganda (38) and Pavlodar (33) regions, and
   Almaty (30).

    

   “We see solid growth  potential for Fix Price  in Kazakhstan. We  expanded
   our store network by 24 outlets in the first half of 2024 and plan to open
   16 additional stores  by the end  of the year  (net openings). Apart  from
   offline development, we  enhance our online  presence through  integration
   with marketplace partners and  availability of click-and-collect  options.
   The dynamic growth of our loyalty program  – up 30% from the beginning  of
   the year to  740 thousand members  in June 2024  – is a  testimony to  our
   product and  price offering  appeal to  the consumers  in this  attractive
   market.”

                          Dmitry Kirsanov, Managing Director, Fix Price Group

    

   Although the  Company  generally maintains  standardised  assortment  mix,
   Fix Price outlets in Kazakhstan sell  locally manufactured goods as  well.
   For instance,  the shares  of locally  made household  chemicals and  food
   products in sales  (in volume terms)  were 4% and  8% respectively in  the
   first half  of  2024.  In  order  to optimise  the  work  with  the  local
   assortment, the Company leased a distribution centre in Astana in 2023.

   Fix Price provides jobs to 1,900 employees in Kazakhstan.

    

    

   About Fix Price

   Fix Price (LSE and  MOEX: FIXP, AIX: FIXP.Y),  one of the leading  variety
   value retailers globally and the largest  in Russia, has been helping  its
   customers save money every day since 2007. Fix Price offers its  customers
   a unique and  constantly updated assortment  of non-food goods,  including
   personal care and household  products, and food items  at low fixed  price
   points.

   As of 31 March 2024,  Fix Price was operating  6,545 stores in Russia  and
   neighbouring countries,  all of  them  stocking approximately  2,000  SKUs
   across around 20 product  categories. As well as  its own private  brands,
   Fix Price  sells products  from  leading global  names and  smaller  local
   suppliers. As of 31 March 2024, the Company was operating 13 DCs  covering
   81 regions of Russia and 8 neighbouring countries.

   In 2023, the Company recorded revenue of RUB 291.9 billion, EBITDA of  RUB
   53.1 billion and net profit of RUB 35.7 billion, in accordance with IFRS.

    
                                                  
   Contacts
                Fix Price Investor Relations     Fix Price Media Relations
                Elena Mironova                   Ekaterina Goncharova
         
                 1 ir@fix-price.com               2 pr@fix-price.ru

    

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:           US33835G2057
   Category Code:  MSCU
   TIDM:           FIXP
   LEI Code:       549300EXJV1RPGZNH608
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   331627
   EQS News ID:    1938209


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:ir@fix-price.com
   2. mailto:pr@fix-price.ru


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