Net profit of X5 Retail Group according to IFRS for the first half of the year increased by 29.7%

AK&M 02 August 2022 11:29

X5 Retail Group's net profit under IFRS (IFRS 16) for the first half of 2022 increased by 29.7% to RUB 29.26 billion from RUB 22.56 billion a year earlier. Revenue increased by 18.8% to 1.25 trillion rubles from 1.05 trillion rubles, gross profit – by 17.7% to 317.4 billion rubles from 269.64 billion rubles, EBITDA – by 21.4% to 159.7 billion rubles from 131.56 billion rubles. This was announced by the company.

X5 Group is a leading Russian grocery retail company, operates stores of several retail chains: stores "at home" under the brand "Pyaterochka", supermarkets under the brand "Perekrestok" and hard discounters under the brand "Chizhik". The company develops digital businesses Crossroads, 5Post and "A Lot of Salmon".

As of June 30, 2022, the company had 19779 stores under management, with leading positions in Moscow and St. Petersburg and a significant presence in the European part of Russia. The network includes 18558 Pyaterochka stores, 986 Perekrestok supermarkets and 153 Chizhik hard discounters. The company manages 48 distribution centers and 4347 own trucks on the territory of the Russian Federation.