Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksX5 Retail Regulatory News (FIVE)

  • This share is currently suspended. It was suspended at a price of 0.5314

Share Price Information for X5 Retail (FIVE)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.5314
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 0.00 (0.00%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 0.5314
FIVE Live PriceLast checked at -
  • This share is an international stock.

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

X5 RETAIL GROUP NAMES NEW CHIEF FINANCIAL OFFICER

23 Jun 2017 08:00

RNS Number : 9862I
X5 Retail Group N.V.
23 June 2017
 

X5 RETAIL GROUP NAMES NEW CHIEF FINANCIAL OFFICER

Moscow, 23 June 2017 - X5 Retail Group N.V. ("X5" or "the Company"), a leading Russian food retailer (LSE ticker: "FIVE"), announces that Svetlana Demyashkevich has been appointed as Chief Financial Officer effective from 29 June 2017. Dmitry Gimmelberg has decided to leave the Company, but will temporarily stay on as Advisor to the CEO in order to facilitate a smooth transition.

X5 Retail Group CEO Igor Shekhterman said:

"I would like to thank Dmitry Gimmelberg for his meaningful contribution to the further development of the Company's financial management function, including improvements to controls and budgeting, as well as streamlining of the investment process.

Svetlana has multifaceted experience in financial management in the banking and corporate sectors. She has worked on setting up and improving the efficiency of business planning, reporting and financial control systems, while also developing successful cooperation with major international financial institutions. With her qualifications and personal qualities, Svetlana will be able to quickly find her place in the X5 team and contribute effectively to the achievement of our strategic goals."

Svetlana Demyashkevich graduated with honours from the Financial University of the Government of the Russian Federation and is an ACCA qualified accountant. She audited financial institutions at PricewaterhouseCoopers, and was the Financial Controller at UNICEF Russia. Since 2005, Svetlana has held several senior positions at Alfa-Bank, including head of audit and IFRS reporting. She also created and led the financial control service, investor and rating agency relations, the business intelligence centre, and the centralised purchasing service. In her most recent post as Deputy CFO, Svetlana also chaired the tender committee and the credit committee for small- and medium-sized corporate clients, and was involved in the activities of the Boards of Directors of several of the bank's subsidiaries.

 

 

Note to Editors:

X5 Retail Group N.V. (LSE: FIVE, Fitch - 'BB', Moody's - 'Ba2', 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 March 2017, X5 had 9,817 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 9,002 Pyaterochka proximity stores, 544 Perekrestok supermarkets, 90 Karusel hypermarkets and 181 convenience stores. The Company operates 36 DCs and 2,293 Company-owned trucks across the Russian Federation.

For the full year 2016, revenue totalled RUB 1,033,667 mln (USD 15,420 mln), Adjusted EBITDA reached RUB 79,519 mln (USD 1,186 mln), and net profit for the period amounted to RUB 22,291 mln (USD 333 mln). In Q1 2017, revenue totalled RUB 293,078 mln (USD 4,981 mln), EBITDA reached RUB 22,167 mln (USD 377 mln), and net profit amounted to RUB 8,355 mln (USD 142 mln).

X5's Shareholder structure is as follows: Alfa Group - 47.86%, Intertrust Trustees Ltd (Axon Trust) - 11.43%, X5 Directors - 0.06%, treasury shares - 0.01%, Shareholders with less than 3% - 40.63%.

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 of 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.

Elements of this press release contain or may contain inside information about X5 Retail Group N.V. within the meaning of Article 7(1) of the Market Abuse Regulation (596/2014/EU).

For further details please contact:

Maxim Novikov

Head of Investor Relations

Tel.: +7 (495) 502-9783

e-mail: Maxim.Novikov@x5.ru

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
BOAPGUUWQUPMUAW
Date   Source Headline
28th Mar 20247:00 amRNSPyaterochka opens largest DC in Ural region
27th Mar 20244:10 pmRNSX5 Group announces results of EGM
26th Mar 20249:30 amRNSNotification of transactions of directors
25th Mar 20243:40 pmRNSX5 Retail Group N.V. to hold AGM on 8 May 2024
22nd Mar 20247:20 amRNSX5 reports 20.8% revenue growth in 2023
14th Mar 20247:00 amRNSX5 establishes 'Helping Out' charitable foundation
12th Mar 20241:45 pmRNSX5 completes RUB 10 bln corporate bond offering
5th Mar 202411:00 amRNSUpdate on X5's subsidiary in Russia
20th Feb 20247:00 amRNSX5 acquires distributor Forward-Market
8th Feb 20243:45 pmRNSX5 Retail Group N.V. to hold EGM on 27 March 2024
24th Jan 20247:00 amRNSX5 Group 2023 net sales increase 20.6%
21st Dec 20238:00 amRNSChizhik opens its first stores in Mordovia
18th Dec 20239:00 amRNSX5 receives ESG-B rating from ACRA
5th Dec 202312:30 pmRNSX5 completes RUB 10 bln corporate bond offering
27th Nov 20232:45 pmRNSAdditional distribution: 2022 financial statements
7th Nov 20237:00 amRNSPyaterochka opens new distribution centre in Omsk
2nd Nov 20231:00 pmRNSX5 completes RUB 20 bln corporate bond offering
2nd Nov 20237:00 amRNSPyaterochka to take over Amba stores
25th Oct 20238:00 amRNSX5 reports 22.9% revenue growth in Q3 2023
23rd Oct 20239:00 amRNSPyaterochka to take over Grozd stores in Saratov
20th Oct 20237:00 amRNSX5's hard discounter launches in Siberia
17th Oct 20231:30 pmRNSX5 secures admission to trading of GDRs on MOEX
17th Oct 20238:00 amRNSX5 Group Q3 2023 net sales increase 22.7%
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
27th Apr 20238:00 amRNSX5 reports 15.2% revenue growth in Q1 2023
18th Apr 20239:00 amRNSChizhik opens its first stores in Samara Region
18th Apr 20238:00 amRNSX5 Group sees net sales increase 15.3% in Q1 2023
17th Apr 20238:00 amRNSX5 acquires Tamerlan stores
12th Apr 20231:00 pmRNSX5's Chizhik opens first stores in Tatarstan
6th Apr 20238:00 amRNSX5 completes Karusel chain transformation
4th Apr 20238:00 amRNSX5 Group launches search for new CFO
23rd Mar 20237:00 amRNSPyaterochka Begins Operations in Russian Far East
17th Mar 20237:00 amRNSX5 Reports 18.2% Revenue Growth in 2022
6th Mar 20234:34 pmRNSReplacement: Ovchinnikov Leaves Supervisory Board

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.