REG - X5 Retail Group N.V - X5 Publishes 2021 Audited Financial Statements

X5 Retail NVAnnouncement

11/07/2022 17:00

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RNS Number : 0732S  X5 Retail Group N.V.  11 July 2022

 

X5 GROUP PUBLISHES 2021 AUDITED FINANCIAL STATEMENTS

 

Amsterdam, 11 July 2022 - 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 the publication
of its audited Consolidated Financial Statements for the year ended 31
December 2021.

In March 2022, the Company's external auditor, Ernst & Young Accountants
LLP (the Netherlands), suspended its audit services for the Company. As a
result of these extraordinary circumstances, X5 was unable to issue audited
financial statements for the financial year 2021 within the 180-day period
after year end.

On March 16, 2022, the Company released its financial results, and
subsequently released and submitted its 2021 Annual Report to the General
Meeting of Shareholders on May 19, 2022. The latter included the Company's
unaudited Consolidated Financial Statements, as the Company believed that the
audit of its consolidated financial statements for the year ended 31 December
2021 was completed in all material aspects, and the financial statements gave
a true and fair view of the Group's financial position and performance for
2021. The unaudited Consolidated Financial Statements were approved by the
General Meeting of Shareholders on June 30, 2022.

Throughout this time, the Company has been engaged in ongoing efforts to
obtain an external auditor's report on its financial statements. In line with
its plan, X5 engaged TSATR Audit Services LLC (formerly Ernst & Young LLC,
Russia, which is operating under the B1 brand from July 2022) as an external
auditor for its 2021 Consolidated Financial Statements. As a result, on July
11, 2022, the Company issued its audited Consolidated Financial Statements for
the year ended December 31, 2021, together with the audit report.

The Company will continue its effort to have its statutory Annual Report and
Annual Accounts audited by a qualified independent audit firm in the
Netherlands for statutory reporting purposes.

The audited consolidated financial statements can be found on the Company's
website at:

https://www.x5.ru/en/investors/financial-and-operational-results/
(https://www.x5.ru/en/investors/financial-and-operational-results/)

 

 

 

 

 

 

 

 

 

Note to Editors:

X5 Retail Group N.V. (LSE and MOEX: FIVE; RAEX: ruAA+) 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 Perekrestok, 5Post and Mnogo
Lososya.

As of 31 March 2022, X5 had 19,479 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 18,320 Pyaterochka
proximity stores, 983 Perekrestok supermarkets, 89 Chizhik hard discounters
and 28 Karusel hypermarkets. The Company operates 47 DCs and 4,574
Company-owned trucks across the Russian Federation.

X5 is one of the largest employers in Russia. The Company employs over 328
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 Q1 2022, revenue totalled RUB 604,230 million
(USD 7,020 million**), adjusted EBITDA pre-IFRS 16 reached RUB 70,179 million
(USD 815 million**), and net profit pre-IFRS 16 amounted to RUB 2,499 million
(USD 29 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: 86.0693 USD/RUB

 

 For further details please contact:
 Varvara Kiseleva                       Maria Yazeva

 Head of Corporate Finance and IR       Investor Relations Officer

 Tel.: +7 (495) 662-88-88 ext. 27-300   Tel.: +7 (495) 662-88-88 ext. 13-147

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

 

 

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