X5 Retail plans to open up to two thousand stores – RIA Novosti

21:07 17.08.2016

(updated: 21:08 17.08.2016 )

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MOSCOW, August 17 -. RIA Novosti / Prime The company X5 Retail Group, managing networks of stores “Pyaterochka”, “Crossroads” and “Carousel”, plans this year to open 1.8-2 thousand stores said CEO Igor Shekhterman

“at the moment we are planning to open 1.8-2 thousand stores” -. Shekhterman said in a conference call. In turn, Chief Financial Officer Elena Milinova noted that the X5 could open and a greater number of objects.

“The question is, Are there, and we shall be able to maintain its EBITDA margin at a stable level, if open, for example, three thousand shops This is a question, it will limit our ability to open stores and our stability.” – Added Milinova that August 17 at the CFO replaces Dmitry Gimmelberg.

last year, the retailer opened 1,537 thousand stores, selling space growth amounted to 760.931 thousand square meters. In January-June this year, X5 has already opened 916 sites selling space increased by 414.185 thousand square meters

X5 Retail Group -. One of the leading Russian grocery retailers on June 30, 2016 under its control were 7 936 thousand stores. The main shareholders are the “Alfa Group” (47.86%) and the founders of the “Pyaterochka” (14.43%), 37.64% of the shares – in the free float. EBITDA X5 Retail at the end of 2015 according to IFRS increased by 20.4% in annual terms – up to 55.23 billion rubles

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