REG - X5 Retail Group N.V - X5 Group announces results of AGM

X5 Retail NVAnnouncement

30/06/2023 16:00

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RNS Number : 6027E  X5 Retail Group N.V.  30 June 2023

 

X5 GROUP ANNOUNCES RESULTS OF AGM

 

Amsterdam, 30 June 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 held its Annual
General Meeting of Shareholders (the 'AGM').

Shareholders and holders of global depository receipts adopted all proposals
on the agenda, including in particular:

·      Adoption of the 2022 Financial Statements without the independent
auditor's report 1  (#_ftn1) ;

·      Re-appointment of Igor Shekhterman, Frank Lhoest and Quinten Peer
as members of the Management Board;

·      Re-appointment of Peter Demchenkov as member of the Supervisory
Board.

Furthermore, per the recommendation of the Audit & Risk Committee, the
General Meeting appointed  TSATR - Audit Services LLC ('B1') as the Group's
component auditor in Russia for the 2023 financial year and delegated the
authority to appoint the Company's external auditor in the Netherlands to the
Supervisory Board.

The voting results of the AGM can be found in the Corporate Governance section
of the Company's website at:

https://www.x5.ru/en/about/general-meeting-of-shareholders/
(https://www.x5.ru/en/about/general-meeting-of-shareholders/)

 

 

 

 

 

 

 

 

 

 

 

 

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 March 2023, X5 had 21,760 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 19,549 Pyaterochka
proximity stores, 956 Perekrestok supermarkets, 591 Chizhik hard discounters
and 596 Krasny Yar and Slata stores. The Company operates 55 DCs and 4,490
Company-owned trucks across the Russian Federation.

X5 is one of the largest employers in Russia. The Company employs over 345
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 Q1 2023, revenue totalled RUB 696,364 million
(USD 9,569 million**), adjusted EBITDA pre-IFRS 16 reached RUB 40,236 million
(USD 553 million**), and net profit pre-IFRS 16 amounted to RUB 12,172 million
(USD 167 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: 72.7738 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:   (mailto:%20Polina.Ugryumova@x5.ru) Polina.Ugryumova@x5.ru
e-mail: Maria.Yazeva@x5.ru (mailto:Maria.Yazeva@x5.ru)
 (mailto:%20Polina.Ugryumova@x5.ru)

 

 

 1  (#_ftnref1) On 17 March 2023, the Group released its 2022 audited
consolidated financial statements together with the audit report issued by
TSATR - Audit Services LLC ('B1'). The audit of the Company's 2022
consolidated and company financial statements is pending as the Dutch auditor,
Reanda Audit & Assurance B.V., indicated that more time is required to
consider the impact of the current geopolitical situation, and relevant
regulations and restrictions imposed by Russian and European governments, on
its audit opinion.

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