REG - X5 Retail Group N.V - ACRA confirms X5 credit rating at AAA(RU)

X5 Retail NVAnnouncement

22/09/2023 10:15

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RNS Number : 3801N  X5 Retail Group N.V.  22 September 2023

 

ACRA CONFIRMS X5 RETAIL GROUP N.V. CREDIT RATING AT АAA(RU)

Moscow, 22 September 2023 - X5 Retail Group N.V. ("X5" or the "Company", LSE
and MOEX ticker: FIVE), a leading Russian food retailer that operates the
Pyaterochka, Perekrestok and Chizhik retail chains, announces that it has been
conferred the highest credit rating of AAA(RU) by ACRA rating agency. The
rating outlook is "stable".

According to ACRA, the main factors underlying X5's rating included the
Company's strong operational risk profile and liquidity, its leading position
in the Russian food retail market, as well as its low debt burden and high
profitability. In addition, the agency noted the positive dynamics of X5's
operating and financial results in the first half of 2023.

 

 

Note to Editors:

X5 Retail Group N.V. (LSE and MOEX: FIVE; Expert RA - ruAAA; ACRA - AAA(RU))
is a leading Russian food retailer. The Company operates proximity stores
under the Pyaterochka brand, Perekrestok supermarkets and Chizhik hard
discounters. X5 provides an omnichannel experience to its customers,
integrating retail stores and e-commerce through its businesses Vprok.ru,
5Post and Mnogo Lososya.

As of 30 June 2023, X5 had 22,682 Company-operated stores. It has the leading
market position in both Moscow and St Petersburg, as well as a significant
presence in the European part of Russia and a growing presence in the Russian
Far East. Its store base includes 20,248 Pyaterochka proximity stores, 956
Perekrestok supermarkets, 809 Chizhik hard discounters and 596 Krasny Yar and
Slata stores. The Company operates 59 DCs and 4,604 Company-owned trucks
across the Russian Federation.

X5 is one of the largest employers in Russia. The Company employs over 358
thousand people.

For the full year 2022, revenue totalled RUB 2,605,232 million (USD 38,005
million*), EBITDA pre-IFRS 16 reached RUB 186,788 million (USD 2,725
million*), and net profit pre-IFRS 16 for the period amounted to RUB 52,248
million (USD 762 million*). In H1 2023, revenue totalled RUB 1,468,407 million
(USD 19,095 million**), adjusted EBITDA pre-IFRS 16 reached RUB 100,748
million (USD 1,310 million**), and net profit pre-IFRS 16 amounted to RUB
41,661 million (USD 542 million**).

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 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 Group N.V. speak
only as of the date of this announcement. Save as required by any applicable
laws or regulations, X5 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.

* FX rate: 68.5494 USD/RUB

** FX rate: 76.8996 USD/RUB

 For further details please contact:
 Polina Ugryumova                                                 Maria Yazeva
 Head of Corporate Finance and IR                                 Investor Relations Officer

Tel.: +7 (495) 662-88-88 ext. 13-312
Tel.: +7 (495) 662-88-88 ext. 13-147

e-mail: Polina.Ugryumova@x5.ru (mailto:Polina.Ugryumova@x5.ru)
e-mail: Maria.Yazeva@x5.ru (mailto:Maria.Yazeva@x5.ru)

 

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