X5 Retail Group to report results for 9 mths on Nov 30
MOSCOW. Nov 24 (Interfax) - X5 Retail Group will publish financial results for the third quarter and the first nine months of 2009 on November 30, the company said in a statement.
X5 Retail Group is Russia's largest grocery chain. Net revenue totaled $8.9 billion in 2008, EBITDA was $803 million and net profit was $112 million (excluding a goodwill writeoff).
X5 had 1,217 stores at the end of September with a total of 962,700 square meters of floor space, including 952 Pyaterochka discount stores, 210 Perekrestok supermarkets and 55 Karusal hypermarkets. The chain also had 586 franchise locations.