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28/03/2014
14:52
M&A: X5 completes sale of Perekrestok supermarkets in Ukraine

X5 Retail Group N.V. has completed the sale of its Perekrestok supermarkets in Ukraine, the company informed.

This decision is in line with the company's core strategy to concentrate its assets inside the Russian Federation. The terms of transaction are kept private. The Ukraine-based supermarkets account for less than 0.3% of the company's net retail revenue, the statement emphasizes.

X5 Retail Group N.V. is the largest retail company in Russia in terms of sales. The company runs stores in several formats: the Pyaterochka soft discount stores, the Perekrestok supermarkets, and the Karusel hypermarkets, along with corner shops under various brands. On May 18, 2006, the merger of Pyaterochka and Perekrestok established a leading company in the grocery retail trade market of Russia. On June 26, 2008, X5 completed the acquisition of Karusel store chain, thereby considerably strengthening its power in the hypermarket segment. In 2010, the company acquired discount network Kopeyka.

As of December 31, 2013, X5 operated 4,544 stores including 3,882 Pyaterochka stores, 390 Perekrestok supermarkets, 83 Karusel hypermarkets as well as 189 corner shops. The company also operates 32 distribution centers and 1,848 lorries within the territory of the Russian Federation.

X5 shareholders are: Alfa Group (47.86%), Pyaterochka founders (13.54%), X5 directors (0.02%), the treasury GDRs (treasury stock) accounting for 0.07%; 35.7% of shares being in free float.

IFRS net profit of X5 Retail Group N.V. for 2013 was $344.9 million against a loss of $126.5 million the year before. Revenue increased by 6.3% to $16.785 billion from $15.795 billion, GP by 9.9% to $4.093 billion from $3.724 billion, EBITDA by 7.1% to $1.204 billion from $1.124 billion.

IFRS net profit of X5 Retail Group N.V. for Q4 2013 was $136 million against a loss of $273.8 million the year before. Revenue increased by 7.2% to $4.632 billion from $4.32 billion, GP by 8.8% to $1.133 billion from $1.042 billion, EBITDA fell by 0.3% to $348.6 million from $349.6 million.



"AK&M", 28.03.2014

 

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