X5 Group announces results of AGM

X5 Retail Group N.V.

30 June 2023

 

X5 GROUP ANNOUNCES RESULTS OF AGM

Amsterdam, 30 June 2023 - X5 Retail Group N.V. ("X5" or the "Company", LSE and MOEX ticker: FIVE), a leading Russian food retailer that operates the Pyaterochka, Perekrestok and Chizhik retail chains, today held its Annual General Meeting of Shareholders (the 'AGM').

Shareholders and holders of global depository receipts adopted all proposals on the agenda, including in particular:

·      Adoption of the 2022 Financial Statements without the independent auditor's report[1];

·      Re-appointment of Igor Shekhterman, Frank Lhoest and Quinten Peer as members of the Management Board;

·      Re-appointment of Peter Demchenkov as member of the Supervisory Board.

Furthermore, per the recommendation of the Audit & Risk Committee, the General Meeting appointed  TSATR - Audit Services LLC ('B1') as the Group's component auditor in Russia for the 2023 financial year and delegated the authority to appoint the Company's external auditor in the Netherlands to the Supervisory Board.

The voting results of the AGM can be found in the Corporate Governance section of the Company's website at:

https://www.x5.ru/en/about/general-meeting-of-shareholders/

Note to Editors:

X5 Retail Group N.V. (LSE and MOEX: FIVE; Expert RA - ruAAA; ACRA - AAA(RU)) is a leading Russian food retailer. The Company operates proximity stores under the Pyaterochka brand, Perekrestok supermarkets and Chizhik hard discounters. X5 provides an omnichannel experience to its customers, integrating retail stores and e-commerce through its businesses Vprok.ru, 5Post and Mnogo Lososya.

As of 31 March 2023, X5 had 21,760 Company-operated stores. It has the leading market position in both Moscow and St. Petersburg and a significant presence in the European part of Russia. Its store base includes 19,549 Pyaterochka proximity stores, 956 Perekrestok supermarkets, 591 Chizhik hard discounters and 596 Krasny Yar and Slata stores. The Company operates 55 DCs and 4,490 Company-owned trucks across the Russian Federation.

X5 is one of the largest employers in Russia. The Company employs over 345 thousand people.

For the full year 2022, revenue totalled RUB 2,605,232 million (USD 38,005 million*), EBITDA pre-IFRS 16 reached RUB 186,788 million (USD 2,725 million*), and net profit pre-IFRS 16 for the period amounted to RUB 52,248 million (USD 762 million*). In Q1 2023, revenue totalled RUB 696,364 million (USD 9,569 million**), adjusted EBITDA pre-IFRS 16 reached RUB 40,236 million (USD 553 million**), and net profit pre-IFRS 16 amounted to RUB 12,172 million (USD 167 million**).

Forward-looking statements

This announcement includes statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identified by the fact that they do not only relate to historical or current events. Forward-looking statements often use words such as "anticipate", "target", "expect", "estimate", "intend", "expected", "plan", "goal", "believe", or other words of similar meaning.

By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances, a number of which are beyond X5 Group N.V.'s control. As a result, actual future results may differ materially from the plans, goals and expectations set out in these forward-looking statements.

Any forward-looking statements made by or on behalf of X5 Group N.V. speak only as of the date of this announcement. Save as required by any applicable laws or regulations, X5 Group N.V. undertakes no obligation publicly to release the results of any revisions to any forward-looking statements in this document that may occur due to any change in its expectations or to reflect events or circumstances after the date of this document.

* FX rate: 68.5494 USD/RUB

** FX rate: 72.7738 USD/RUB

For further details please contact:
Polina Ugryumova Head of Corporate Finance and IR Tel.: [phone] ext. 13-312 e-mail:  [e-mail]	Maria Yazeva Investor Relations Officer Tel.: [phone] ext. 13-147 e-mail: [e-mail]

---

[1] On 17 March 2023, the Group released its 2022 audited consolidated financial statements together with the audit report issued by TSATR - Audit Services LLC ('B1'). The audit of the Company's 2022 consolidated and company financial statements is pending as the Dutch auditor, Reanda Audit & Assurance B.V., indicated that more time is required to consider the impact of the current geopolitical situation, and relevant regulations and restrictions imposed by Russian and European governments, on its audit opinion.

 

END