11th Jun 2008 07:00
X5 RETAIL GROUP OPENS ITS FIRST MERCADO SUPERCENTER
Amsterdam, 11 June 2008 - X5 Retail Group N.V. ("X5" or the "Company"), Russia's largest food retailer in terms of sales (LSE ticker: "FIVE"), has launched its first hypermarket under Mercado Supercenter brand.
The first Mercado Supercenter opened its doors to customers in Lipetsk on 10 June 2008, as a result of restyling and rebranding of "My" hypermarket that was purchased by X5 within Korzinka acquisition in December 2007. The store has a net selling space of 6,000 sq. m. and offers approximately 40,000 SKUs, of which above 30% are non-food items. Goods from local producers account for above 20% of the store's assortment.
Antonio Melo, X5 Retail Group's Chief Operating Office, said:
"We are happy to announce the launch of our first Mercado Supercenter store. X5's team has invested significant efforts in developing and implementing this new hypermarket concept, and we hope our customers will enjoy their shopping experience with us. Low prices, wide assortment of products, including goods from local producers, attractive loyalty program, modern design, convenient layout, sufficient parking and many other things were brought together for the launch of this store. Clearly we do not plan to stop where we are - this is just the first step in execution of our strategy of rolling-out Mercado Supercenters across European Russia and Urals."
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For further details please contact: |
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Anna Kareva IR Director Tel.: +7 (495) 980-2729, ext. 22 162 e-mail: [email protected] |
Elena Cherkalova PR Manager Теl.: +7 (495) 662-88888 e-mail: [email protected] |
Note to Editors:
X5 Retail Group N.V. is Russia's largest food retailer in terms of sales. The Company was created as a result of a merger between Pyaterochka (soft discounter chain) and Perekrestok (supermarket chain) on 18 May 2006.
As of 31 March 2008, X5 had 731 Company managed soft discount stores located in Moscow (321), St. Petersburg (249) and other Russian areas (161), 183 Company managed supermarkets across Central Russia and Ukraine, including 108 stores in Moscow (Moscow region and Yaroslavl region), and 16 Company managed hypermarkets.
As of 31 March 2008, X5's franchisees operated 711 stores across Russia and Kazakhstan.
X5's net sales for the full year 2007 reached USD 5,320 mln, an increase of 53% year-on-year. Gross profit for the period totaled USD 1,404 mln, EBITDA amounted to USD 479 mln. Full year 2007 net income reached USD 144 mln.
X5 Retail Group N.V.'s net sales for the first quarter 2008 surged 61% in USD terms and reached USD 1,786 mln. Gross profit for the period totaled USD 458 mln, EBITDA amounted to USD 161 mln, net profit - to USD 86 mln.
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.
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