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Russia's X5 sees 2021-24 compound annual revenue growth above 12%

Wed, 27th Oct 2021 15:50

MOSCOW, Oct 27 (Reuters) - Russian food retailer X5
sees it its compound annual revenue growth rate at more than 12%
between 2021 and 2024, the company said in a presentation on
Wednesday, and a 2024 EBITDA margin of more than 7%, down from
12.7% currently.

The retailer, which reported a 55.9% year-on-year jump in
third-quarter net profit on Tuesday, said its net debt to
earnings before interest, tax, depreciation and amortisation
(EBITDA) would be less than 1.8 times in 2024.

Finance chief Vsevolod Starukhin said X5 did not rule out
recommending dividends in 2022 of more than 50 billion roubles
($708 million).

($1 = 70.6100 roubles)
(Reporting by Alexander Marrow
Editing by Katya Golubkova and Mark Potter)

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