REG - X5 Retail Group N.V - Fedor Ovchinnikov Resigns from Supervisory Board

X5 Retail NVAnnouncement

06/03/2023 16:00

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RNS Number : 0514S  X5 Retail Group N.V.  06 March 2023

FEDOR OVCHINNIKOV STEPS DOWN FROM X5 SUPERVISORY BOARD

Amsterdam, 6 March 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, today announced that Fedor
Ovchinnikov is resigning as Member of the X5 Supervisory Board due to personal
reasons with effect from 8 March 2022. The Board has promptly begun the search
for a new candidate to fill the vacancy and strengthen the Board's scope of
expertise while maintaining its high standard of professionalism.

Petr Demchenkov, Chairman of the X5 Group Supervisory Board, commented:

"As an innovator in the Russian food-tech industry, Fedor brought a wealth of
experience in digital development in food retail at a time when X5 has been
focused on expanding its digital businesses. We are grateful to Fedor for his
contribution to X5's development during his nine months on the Board, and we
wish him every success in the months ahead."

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 2021, revenue totalled RUB 2,204,819 million (USD 29,935
million*), EBITDA pre-IFRS 16 reached RUB 161,024 million (USD 2,186
million*), and net profit pre-IFRS 16 for the period amounted to RUB 48,513
million (USD 659 million*). In 9M 2022, revenue totalled RUB 1,900,049 million
(USD 26,908 million**), adjusted EBITDA pre-IFRS 16 reached RUB 152,894
million (USD 2,165 million**), and net profit pre-IFRS 16 amounted to RUB
46,395 million (USD 657 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: 73.6541 USD/RUB

** FX rate: 70.6135 USD/RUB

 

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

Tel.: +7 (495) 662-88-88 ext. 27-300                                  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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