REG - X5 Retail Group N.V - Chizhik opens its first stores in Samara Region

X5 Retail NVAnnouncement

18/04/2023 09:00

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RNS Number : 4953W  X5 Retail Group N.V.  18 April 2023

CHIZHIK OPENS ITS FIRST STORES IN SAMARA REGION

 

Samara, 18 April 2023 - X5 Group ("X5" or the "Company", LSE and MOEX
ticker: FIVE), a leading Russian food retailer, announces the opening of its
first hard discounters under the Chizhik brand in the Samara Region. On
Tuesday, the Company opened two stores in Samara, on 4 Georgiya Dmitrova
Street and 17 Sovetskoy Armii Street, and three stores in Togliatti, on 5
40 Let Pobedy Street, 63 Larina Street and 75 Golosova Street.

The product assortment at each store features approximately 750 SKUs,
including over 400 private label items that have already become popular with
Chizhik customers. These include Svetaevo, Verner, Shchedry God, Greenola,
Axl, Tafo, and others.

Chizhik's business model is based on offering a small but sought-after
selection of high-quality products. The retailer delivers low prices for its
customers thanks to business process optimisation and relentless cost
discipline,  while the large share of private labels in its assortment enable
Chizhik to offer only those products that meet its high standards of quality
and charge fair prices and markups. Chizhik also stands out for its unique
Nado Uspet ("Catch the Price") zone that highlights the best deals in
household, kitchen, gardening supplies and other products - all in one place.

The new stores will be supplied from Chizhik's distribution centre in Kazan
with shipments from both nationwide and local suppliers. By the end of the
year, the retailer expects to bring the total number of new jobs created for
local communities to approximately 180.

The Samara Region is the 10th region in the retail chain's footprint. Chizhik
plans to open 55 more stores in Samara, Ulyanovsk and Togliatti before the end
of the year.

At the end of 2022, Chizhik had more than 500 stores across eight regions of
Russia. In 2023, the retail chain plans to press ahead with its rapid
expansion by doubling the number of store openings and new regions of
operation.

 

 

 

 

 

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 31 December 2022, X5 had 21,323 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 19,164
Pyaterochka proximity stores, 971 Perekrestok supermarkets, 517 Chizhik hard
discounters and 595 Krasny Yar and Slata stores. The Company operates 53 DCs
and 4,386 Company-owned trucks across the Russian Federation.

 

X5 is one of the largest employers in Russia. The Company employs over 353
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*).

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

 

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

Tel.: +7 (495) 662-88-88 ext. 13-312                                  Investor Relations Officer

e-mail:   (mailto:%20Polina.Ugryumova@x5.ru) Polina.Ugryumova@x5.ru

 (mailto:%20Polina.Ugryumova@x5.ru)                                     Tel.: +7 (495) 662-88-88 ext. 13-147

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

 

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