X5 Group X5 Group (MOEX: FIVE) — Russian grocery retailer, which is actively developing stores near the Pyaterochka house, Supermarkets "Crossroads", hypermarkets "Karusel", discounters "Chizhik", online hypermarket "Perekrestok Vprok", 5Post delivery service, express delivery of groceries from stores and a ready-made meal service “A lot of salmon”. X5 Group в 1 half of 2022 showed strong results: total revenue increased by 18,8% — up to 1.25 trillion rubles due to the growth of digital businesses by 59% and confident sales of Pyaterochka, and also due to the growth of the average check by 9.2% across the entire group against the backdrop of accelerating inflation in Russia. The main segment of X5 Group — Pyaterochka — increased by 19,5% due to the growth of the average check, which added 9,8%, and network expansion: in the first half of the year, the company opened 586 new stores, on 27 more, than last year. The digital business has grown by 59% — up to 33.5 billion rubles — amid strong demand for express delivery services for groceries from Pyaterochka and Perekrestok, which grew by 70% year on year. But the results of the Perekrestok Vprok online hypermarket added significantly less - only 36% due to the reduction in real incomes of the population. As for the current growth drivers of X5 Group, then all of them are connected with the further development of digital businesses and the Chizhik discounter, which in the medium term should grow at a faster pace against the backdrop of the transformation of the Russian food market. Shareholders of the company will have to put up with the lack of dividends for some time due to the blocking of the European financial infrastructure for coupon and dividend money transfers.. X5 Group is registered in the Netherlands, so now payments are not possible due to technical reasons. X5 Group results, billion rubles 6m2021 6m2022 Change in Offline sales 1030 1210 +18% Online sales 21 33,5 +59% General Sales 1050 1250 +18,8% LFL sales …
Grocery retail in 2022 year: overview of the Russian market and analysis of the leading players X5 Group, "Magnet", Fix Price, "Tape" and "Okay Read more