30 Jun 2022 15:32
X5 GROUP ANNOUNCES RESULTS OF AGM
Amsterdam, 30 June 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, 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:
· 2021 Financial Statements without the independent auditor's report[1];
· Appointment of Ekaterina Lobacheva as member of the Management Board;
· Appointment of Olga Vysotskaya, Fedor Ovchinnikov and Vadim Zingman as members of the Supervisory Board.
Furthermore, in order to allow more time for the external auditor selection and appointment process, the authority to appoint an external auditor for the financial year 2022 was delegated to the Supervisory Board.
The voting results of the meeting can be found in the Corporate Governance section of the Company's website at:
https://www.x5.ru/en/about/general-meeting-of-shareholders/
[1] As announced on 29 June, the Company has been engaged in ongoing efforts to obtain the external auditor's report on its financial statements. The Company aims to issue its 2021 consolidated financial statements before the end of July 2022, together with an external auditor's report from TSATR Audit Services LLC (formerly Ernst & Young LLC, Russia, which will operate under the B1 brand going forward), once its separation from the EY global network is completed.
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 Head of Corporate Finance and IR Tel.: +7 (495) 662-88-88 ext. 27-300 e-mail: Varvara.Kiseleva@x5.ru
| Maria Yazeva Investor Relations Officer Tel.: +7 (495) 662-88-88 ext. 13-147 e-mail: Maria.Yazeva@x5.ru |