X5's net revenue for the first quarter increased by 26.9%

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AK&M 16 April 2024 12:30

X5's net revenue for the first quarter of 2024 increased by 26.9% to 882.22 billion rubles from 695.367 billion rubles a year earlier. This is stated in the company's message.

The revenue of Pyaterochka stores increased by 22.9% to 660.9 billion rubles from 537.9 billion rubles, Perekrestok - by 14.9% to 107.7 billion rubles from 93.7 billion rubles, Chizhik - by 2.4 times to 45.39 billion rubles from 18.7 billion rubles.

Offline sales increased by 24.8% to 835.7 billion rubles from 669.76 billion rubles, sales of digital businesses increased by 81.7% to 46.5 billion rubles from 25.6 billion rubles.

X5 Group is a Russian grocery retail company that operates stores of several retail chains. The company is also developing digital businesses.

As of December 31, 2023, the company had 24,472 stores under management. The network includes 21,308 Pyaterochka stores, 972 Perekrestok supermarkets, 1,500 Chizhik hard discounters and 610 Krasny Yar and Slata stores. The company also manages 62 distribution centers and 5,344 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.