Lenta's net profit for 2022 fell by 64.5%

AK&M 29 March 2023 12:52

Lenta's net profit for 2022 fell by 64.5% to RUB 4.85 billion from RUB 13.6 billion a year earlier. This is stated in the company's message.

Sales increased by 11.1% to RUB 537.4 billion. Retail sales reached 530.2 billion rubles, an increase of 11.4% year-on-year. Gross profit amounted to RUB 120.7 billion, an increase of 8.7%. EBITDA amounted to 32.6 billion rubles.

MKPAO "Lenta" (TIN 3906399157) is a 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 June 30, 2022, Lenta operated 254 hypermarkets and 555 supermarkets with a total retail area of more than 1.77 million square meters. m in more than 200 localities in Russia. The company has 14 distribution centers throughout Russia.

Lenta's net profit under IFRS for the first half of 2022 decreased by 37.4% to 3.36 billion rubles from 5.36 billion rubles a year earlier. Revenue increased by 20.3% to 262.46 billion rubles from 218.09 billion rubles, gross profit – by 26.4% to 62.84 billion rubles from 49.7 billion rubles, EBITDAR – by 2.7% to 21.4 billion rubles from 20.8 billion rubles. EBITDA decreased by 11.8% to RUB 15.4 billion.