The Government Commission for Monitoring the Implementation of Foreign Investments in the Russian Federation has decided to continue the circulation of depositary receipts for Lenta shares outside the Russian Federation for a year until May 13, 2023. This was announced by the company.
Recall that the new law obliges Russian issuers to stop the circulation of shares in the form of depositary receipts, except in the case of a decision to continue the operation of depositary receipt programs at the request of the issuer.
MKPAO "Lenta" (TIN 3906399157) is a leading multi–format grocery and FMCG retailer in Russia. The company develops the formats of hypermarkets, supermarkets, as well as the format of convenience stores under the brand "Mini Tape". The company develops online sales. The company was founded in 1993 in St. Petersburg. As of March 31, 2021, Lenta operated 254 hypermarkets and 140 supermarkets with a total retail area of more than 1.5 million square meters. m in 89 cities of the European part of Russia. The company has 13 distribution centers throughout Russia.
Lenta's net profit for the first quarter of 2022 under IFRS (IAS 17) decreased by 44.2% to RUB 735 million from RUB 1.3 billion a year earlier. Revenue increased by 23.4% to 132.37 billion rubles from 107.3 billion rubles, gross profit – by 28.2% to 30.04 billion rubles from 23.43 billion rubles, EBITDA – by 3.4% to 6.89 billion rubles from 6.66 billion rubles. Retail sales reached 130.5 billion rubles, an increase of 23.3%, online sales - by 184.2% to 10.8 billion rubles. The company has opened 44 small format stores on a gross basis.