The shareholders and holders of global depositary receipts of X5 Retail Group N.V. have approved the appointment of Yulia Solovyova, Azer Talibov and Alexey Korn as members of the Supervisory Board. This is stated in the company's message.
Also, in order to develop the X5 corporate governance system, the Supervisory Board decided to appoint Yu.Solovyova, A.Talybova and A.Kornya joined the Board of Directors at the level of Corporate Center X 5 LLC, which was formed in February 2024 and consisted of six current members of the X5 Supervisory Board.
X5 Group is a Russian grocery retail company that operates stores of several retail chains. The company is also developing digital businesses.
As of September 30, 2023, the company had 23,466 stores under management. The network includes 20761 Pyaterochka stores, 955 Perekrestok supermarkets, 1071 Chizhik hard discounter and 601 Krasny Yar and Slata stores. The company also manages 61 distribution centers and 4,745 of its own trucks on the territory of the Russian Federation.
X5 Group's net profit under IFRS 16 for 2023 increased by 73.9% to RUB 78.59 billion from RUB 45.19 billion a year earlier. Revenue increased by 20.8% to 3.14 trillion rubles from 2.6 trillion rubles, gross profit – by 20.9% to 768.04 billion rubles from 635.19 billion rubles, EBITDA – by 13.6% to 344.16 billion rubles from 302.85 billion rubles.
