X5 Reports Q4 & FY 2011 Operational Results
20 Jan 2012

Amsterdam, 20 January 2012 - X5 Retail Group N.V., Russia's largest retailer in terms of revenue (LSE ticker: “FIVE”), announced today its retail sales and operational performance for the fourth quarter and full year of 2011.

Q4 2011 Highlights

FY 2011 Highlights

Consolidated net retail sales increased 16% year-on-year in RUR terms to RUR 123,316 mln or 14% in USD terms to USD 3,955 mln;   X5’s LFL sales decreased by 2% in RUR terms year-on-year;   217 stores added organically on a net basis in Q4 2011, including 198 soft discounters, nine supermarkets, five hypermarkets and five convenience stores;   Net addition of 86 thousand sq. m. of selling space.

Consolidated net retail sales increased 32% year-on-year in RUR terms to RUR 452,482 mln or 37% in USD terms to USD 15,397 mln;   X5’s LFL sales grew 6% in RUR terms year-on-year;   577 stores added organically on a net basis in FY 2011, including 526 soft discounters, 20 supermarkets, six hypermarkets, 25 convenience stores;   X5 converted 616 Kopeyka stores (607 as soft discounters and nine as supermarkets) and closed 44 acquired stores;   Net addition of 172 thousand sq. m. of selling space.

X5 Retail Group CEO Andrei Gusev commented:
“X5 drove top-line growth of 37% in USD terms this year and maintained its market leadership position with USD 15.4 bln in annual sales. Execution of our organic expansion plan was well in excess of our objectives, with a record 577 net new stores openings in 2011.
“Whereas X5’s results in 2010 and the first half of 2011 benefited from stronger consumer spending and trading up trends bolstered by economic recovery, the picture has reversed in the third and fourth quarter of this year. The tougher market environment, a strong comparative base effect and consolidation of Kopeyka from December 2010 are reflected in X5’s Q4 2011 trading results.”

The more detailed information you can find on the company's website: http://www.x5.ru/

X5 Retail Group N.V.

LSE-Listed X5 Retail Group N.V. is Russia’s largest food retailer in terms of sales and the only multi-format operator in Russia and with a growing presence in Ukraine and Kazakhstan. The four primary retail investments held by X5 include leading supermarket chain Perekrestok, leading soft discounter chain Pyaterochka, Kopeyka, a leading discount grocery retailer, and Karusel, one of the leading hypermarket chains in Russia.

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