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X5 BOOSTS LOGISTICS IN SOUTHERN URAL REGION

2 Mar 2017 08:00

RNS Number : 2927Y
X5 Retail Group N.V.
02 March 2017
 

X5 BOOSTS LOGISTICS IN SOUTHERN URAL REGION

Orenburg, 2 March 2017 - X5 Retail Group N.V. ("X5" or the "Company"), a leading Russian food retailer, announces the development of its logistics infrastructure in the Southern Ural Region with the opening of a distribution centre (DC) in Orenburg.

The 19,000 sq m logistics facility will serve the Pyaterochka chain in the Orenburg Region (currently more than 220 stores), and will also supply 120 stores in the Republic of Bashkortostan starting in April. Featuring four separate temperature zones, the facility is designed to store nearly all categories of goods.

The new logistics centre is designed to ensure the availability and freshness of goods even as Pyaterochka continues its active expansion. It will also help to cut transportation costs and unlock new opportunities for local suppliers. The Orenburg DC will be the focal point for local producers, helping them to increase sales and bring their products to new regions. Some have been enjoying the benefits of the DC for several months, as centre has been in operation since November 2016. Today, the DC has reached 100% capacity: it is now ready to handle and accommodate products from over 300 suppliers. The logistics facility increased the number of jobs supported by the Pyaterochka retail chain in the Orenburg Region by 180, with the total now exceeding 2,800 jobs.

The official opening ceremony for the DC was attended by Orenburg region Governor Yuri Berg and Pyaterochka CEO Olga Naumova. X5 Retail Group also invited management from over 50 suppliers to take part in the event. After the ceremony, Orenburg DC hosted the X5 Dialogue Forum, where representatives of X5 Retail Group's stores shared best practices in partnering with local suppliers and food producers. Local manufacturers received valuable advice on how to build relationships with retail chains, including information on product quality controls and requirements for transportation, storage, sales and disposal of food products set out in the Customs Union's and X5's technical regulations.

X5 Retail Group views the development of logistics infrastructure as a strategic priority for the next several years. For the second year running, X5 leads the market by the number of DCs opened throughout the year. In 2015, X5 opened six new DCs with a total area of 142,000 sq m, while the seven new DCs opened in 2016 totalled 212,000 sq m.

 

Note to Editors:

X5 Retail Group N.V. (LSE: FIVE, Fitch - 'BB', Moody's - 'Ba3', S&P - 'BB-') is a leading Russian food retailer. The Company operates several retail formats: the chain of proximity stores under the Pyaterochka brand, the supermarket chain under the Perekrestok brand, the hypermarket chain under the Karusel brand and Express convenience stores under various brands.

As of 31 December 2016, X5 had 9,187 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 8,363 Pyaterochka proximity stores, 539 Perekrestok supermarkets, 91 Karusel hypermarkets and 194 convenience stores. The Company operates 35 DCs and 2,318 Company-owned trucks across the Russian Federation.

For the full year 2015, revenue totalled RUB 808,818 mln (USD 13,268 mln), Adjusted EBITDA reached RUB 59,413 mln (USD 975 mln), and net profit for the period amounted to RUB 14,174 mln (USD 233 mln). In 9M 2016, revenue totaled RUB 739,491 mln (USD 11,443 mln), EBITDA reached RUB 56,361 mln (USD 872 mln), and net profit amounted to RUB 19,874 mln (USD 308 mln).

X5's Shareholder structure is as follows: Alfa Group - 47.86%, founders of Pyaterochka - 14.43%, X5 Directors - 0.06%, treasury shares - 0.01%, free float - 37.64%.

 

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 Retail 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 Retail Group N.V. speak only as at the date of this announcement. Save as required by any applicable laws or regulations, X5 Retail 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.

For further details please contact:

Maxim Novikov

Head of Investor Relations

Tel.:+7 (495) 502-9783

e-mail: Maxim.Novikov@x5.ru

 

Andrey Vasin

Investor Relations Officer

Tel.:+7 (495) 662-88-88 ext. 21-456

e-mail: Andrey.Vasin@x5.ru

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCOKDDNKBKBCNK
Date   Source Headline
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26th Mar 20249:30 amRNSNotification of transactions of directors
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20th Oct 20237:00 amRNSX5's hard discounter launches in Siberia
17th Oct 20231:30 pmRNSX5 secures admission to trading of GDRs on MOEX
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12th Oct 202311:00 amRNSPyaterochka launches new logistics hub in Orenburg
25th Sep 202310:00 amRNSX5 Supervisory Board approves ESG strategy to 2025
22nd Sep 202310:03 amRNSACRA confirms X5 credit rating at AAA(RU)
14th Sep 202311:40 amRNSEXPERT RA assigns X5 an ESG rating of II(a)
21st Aug 20231:30 pmRNSExpert RA confirms X5 credit rating at ruAAA
15th Aug 202310:00 amRNSChizhik opens first stores in Rostov and Krasnodar
15th Aug 20238:00 amRNSX5 reports 19.2% revenue growth in Q2 2023
3rd Aug 20234:00 pmRNSX5 moves to secure admission to trading on MOEX
1st Aug 20238:00 amRNSX5 acquires Victoria and Deshevo stores
28th Jul 202312:00 pmRNSPyaterochka opens new DC in Volgograd
18th Jul 20233:26 pmRNSREPLACEMENT: X5 Group Q2 2023 net sales up 19.1%
18th Jul 20238:00 amRNSX5 Group Q2 2023 net sales increase 19.1%
30th Jun 20234:00 pmRNSX5 Group announces results of AGM
15th Jun 202310:00 amRNSChizhik launches operations in Saratov Region
13th Jun 202310:00 amRNSChizhik opens first stores, DC in Volgograd Region
1st Jun 20238:00 amRNSX5 Group publishes its 2022 Sustainability Report
31st May 20234:30 pmRNSX5 Retail Group N.V. to hold AGM on 30 June 2023
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