Company Announcements

Lenta IPJSC: LENTA REPORTS TOTAL SALES GROWTH OF 23.4% AND ONLINE SALES GROWTH OF 184.2%

Source: EQS

Lenta IPJSC (LNTA;LENT)
Lenta IPJSC: LENTA REPORTS TOTAL SALES GROWTH OF 23.4% AND ONLINE SALES GROWTH OF 184.2%

25-Apr-2022 / 09:00 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


 

Press Release | St. Petersburg | 25 April 2022

 


LENTA REPORTS TOTAL SALES GROWTH OF 23.4% AND ONLINE SALES GROWTH OF 184.2%

 

25 April 2022

St. Petersburg, Russia

Lenta IPJSC (LSE: LNTA, MOEX: LENT), one of the largest multi-format retail chains in Russia, today announces its operational results and financial highlights for the first quarter of 2022.

 

Q1 2022 Highlights1,2

  •      Total Sales increased by 23.4% y-o-y to RUB 132.4 billion
  •      Retail Sales reached RUB 130.5 billion representing 23.3% y-o-y growth
  •      LFL Sales increased by 7.8% driven by 9.4% LFL Average Ticket growth
  •      Online Sales grew by 184.2% y-o-y to RUB 10.8 billion
  •      The company opened 44 small-format stores on a gross basis
  •      Total Selling Space increased by 16.4% bringing Total Selling Space to 1,772.4 thousand sq. m.
  •      Gross Profit increased by 28.2% y-o-y to RUB 30.0 billion. Gross Margin increased by 86 bps and stood at 22.7%
  •      EBITDA was RUB 6.9 billion with a 5.2% EBITDA Margin
  •      CapEx stood at RUB 4.0 billion, up 25% y-o-y
  •      The Net Debt to EBITDA (LTM) ratio stood at 1.8x vs. 1.4x as of 31 December 2021
  1.                  Including Utkonos results starting from 1 February 2022.
  2.                  Please note that all Financial Highlights are based upon IAS 17 figures

Vladimir Sorokin, Chief Executive Officer:

"In the current situation, Lenta's top priority continues to be serving our more than 21 million loyal customers for whom we provide essential food and household items. Just as always, we guarantee affordable prices and a wide assortment of products, even despite the changing external environment.

We continue to operate all our stores and have quickly adapted to address the challenges that have risen over the past two months. We adjusted our supply chains, modified some operational processes, and revised certain approaches to working with suppliers. The Lenta team continues to monitor developments affecting our business on a daily basis so that we may swiftly adapt to the new operating environment.

We remain true to the strategy we announced in 2021. Now more than ever it is vital to seek out opportunities to increase profitability and optimize costs. We aim to increase our market share while maintaining our position as the most profitable food retailer in Russia.

In Q1 2022, we continued the process of integrating Billa and Semya stores, and also began integrating Utkonos. 44 Mini Lenta and Super Lenta stores were opened during the reporting period. Our core business, hypermarkets, performed strongly, with retail sales up 8.8%. Online continues to be one of the important drivers of Lenta's revenue growth; in Q1 2022, sales of Lenta Online and partner services reached RUB 8.6 billion.

The events of the past two months have also brought changes to our executive management team and Board of Directors. I want to thank our employees, who in this difficult moment have taken on additional responsibilities. Despite the challenges ahead of us, I am confident that we have the right strategy and a strong team to support Lenta's growth and development going forward."

Q1 2022 OPERATING RESULTS, y-o-y

Sales3

 

Q1'22

Q1'21

Change

% Change

Total Sales (RUB millions)

132,370

107,312

25,058

23.4%

Retail Sales

130,546

105,881

24,665

23.3%

Hypermarkets

104,695

96,190

8,505

8.8%

Small Formats

23,656

9,691

13,965

144.1%

Utkonos4

2,195

-

-

-

Wholesale5

1,824

1,431

393

27.5%

Average Ticket (RUB)

1,078

1,126

-48

-4.3%

Hypermarkets

1,370

1,249

121

9.7%

Small Formats

536

571

-35

-6.0%

Utkonos

4,282

-

-

-

Number of Tickets (millions)

121

94

27

28.8%

Hypermarkets

76

77

-1

-0.8%

Small Formats

44

17

27

159.8%

Utkonos

0.5

-

-

-

Stores and Selling Space

 

Q1'22

Q1'21

Change

% Change

Total Retail Stores (eop)

795

394

401

101.8%

Hypermarkets

254

254

0

0.0%

Openings

0

1

-1

-100.0%

Closing

0

1

-1

-100.0%

Small Formats

541

140

401

286.4%

Openings

44

2

42

2,100.0%

Closing

6

1

5

500.0%

New Selling Space (sqm, eop)

17,433

3,499

13,934

398.2%

Hypermarkets

0

2,899

-2,899

-100.0%

Small Formats

17,433

600

16,833

2,805.5%

Total Selling Space (sqm, eop)

1,772,416

1,522,097

250,319

16.4%

Hypermarkets

1,401,291

1,403,687

-2,396

-0.2%

Small Formats

371,125

118,410

252,715

213.4%

LFL Results

 

Q1'21

 

Sales

Average Ticket

Traffic

Total Retail

7.8%

9.4%

-1.4%

Hypermarkets

8.6%

9.7%

-1.0%

Small Formats

-0.1%

3.6%

-3.6%

 

Online Sales

 

Q1'22

Q1'21

Change

% Change

Total Online Sales (RUB, millions)

10,837

3,813

7,023

184.2%

Online Partners

3,533

2,259

1,274

56.4%

Lenta Online6

5,046

1,554

3,492

224.6%

Utkonos7

2,258

-

-

-

Average Online Ticket (RUB)

2,215

1,772

443

25.0%

Online Partners

1,890

1,847

42

2.3%

Lenta Online6

2,014

1,672

342

20.4%

Utkonos7

4,358

-

-

-

Total Online Orders (thousands)

4,893

2,152

2,740

127.3%

Online Partners

1,869

1,223

647

52.9%

Lenta Online6

2,505

929

1,576

169,5%

Utkonos7

518

-

-

-

For Q1 2022 monthly operating results please refer to Appendix 1

3. Including Utkonos results from the date of consolidation (1 February 2022).

4. Includes only Utkonos Retail Sales (B2C)

5. Wholesales includes Utkonos wholesales (B2B)

6. Lenta online includes Click & Collect

7. Includes both Utkonos retail sales (B2C) and wholesales (B2B)

Q1 2022 OPERATING RESULTS

In Q1 2022, Total Sales increased by 23.4% to RUB 132.4 billion. Lenta's Retail Sales in Q1 2022 increased by 23.3% to RUB 130.5 billion compared to RUB 105.9 billion in Q1 2021, driven by 7.8% LFL Retail Sales growth and 16.4% Total Selling Space expansion both organically and inorganically. Overall Sales Density in Q1 2022 improved by 2.6% year-over-year.

Traffic in some of Lenta's stores in January - February was affected by the raising number of COVID cases, as well as by COVID-related restrictions in various regions of Russia. In March on the contrary Lenta stores faced increased customer demand which led to March total Retail Sales growth by 35.8%.

In Q1 2022, the Number of Tickets increased by 28.8% thanks to the expansion, while the Average Ticket size decreased by 4.3% primarily due to increasing share of small-format stores sales in total Retail Sales.

Wholesale Sales, which now includes Utkonos B2B sales from the date of the consolidation, represented 1.4% of Total Sales and increased by 27.5% compared to the corresponding period of the previous year.

As in the previous quarter, Average Ticket was the driver of LFL Sales growth. LFL Sales growth continued to increase quarter-on-quarter from 7.0% in Q4 2021 to 7.8% in Q1 2022. Total Retail LFL Traffic improved compared to the previous quarter and stood at a negative 1.4%. Total Retail LFL Average Ticket increased by 9.4%, offsetting negative LFL Traffic.

In Q1 2022, Lenta continued to optimize its loyalty program, which included improvements to loyalty program mechanics for small-format stores. The number of customers who activated a new Lenta #1 Сard increased by 2.3 million, with the total number of loyalty cards issued amounted to 21.3 million. Transactions using loyalty cards accounted for 97.7% of total Retail Sales, excluding Utkonos.

Hypermarket Sales represented 80% of total Retail Sales in Q1 2022. Hypermarkets delivered strong 8.8% Sales growth, positive LFL Sales growth of 8.6%, and an increase of 9.7% in the LFL Average Ticket. Lenta continues to improve the efficiency of in-store operations which led to the sales density improvement amounted at 4.7% year-over-year. As of the end of the quarter Lenta operates 5 hybrid stores with designated areas for online orders picking.

In Q1 2022, 44 new small-format stores were opened. Lenta also closed six underperforming stores to optimize operations, bringing the total number of small-format stores to 541. Small Formats Selling Space continued to increase and reached 371k square meters in Q1 2022. In the reporting period Lenta's small-format stores demonstrated significant year-over-year Sales Growth of 144.1%, primarily driven by acquisitions made in 2021. Small-format stores LFL Sales were almost flat, LFL Average Ticket increased by 3.6%, while LFL Traffic stood at a negative 3.6%.

In Q1 2022, Lenta's Online channel continued to demonstrate very strong sales growth. Total Online Sales including Utkonos sales during the period amounted to RUB 10.8 billion, an increase of 184.2% year-over-year and 54.1% quarter-on-quarter, while Total Online Orders were up 127.3% and amounted to 4.9 million. The Average Ticket for Lenta Online was RUB 2,014 and increased by 20.4% year-over-year. During Q1 2022, Online Sales continued to gain share in Lenta's Sales and following the Utkonos consolidation reached 8.2% of Lenta's Total Sales. In Q1 2022, Lenta Online continued the expansion of express delivery. As of the end of the quarter, express delivery was available from 188 stores primarily in Moscow and St. Peterburg.

Q1 2022 FINANCIAL HIGHLIGHTS

Key Financial Results

 

 

IAS 17

 

 

IFRS 16

 

RUB million

Q1'22

Q1'21

Change

Q1'22

Q1'21

Change

Total Sales

132,370

107,312

23.4%

132,370

107,312

23.4%

Gross Profit

30,041

23,431

28.2%

30,099

23,493

28.1%

Gross Margin (%)

22.7%

21.8%

86 bps

22.7%

21.9%

85 bps

SG&A

(29,665)

(21,563)

-37.6%

(29,036)

(21,210)

-36.9%

SG&A as % of Total Sales

-22.4%

-20.1%

 -232 bps

-21.9%

-19.8%

 -217 bps

EBITDAR

9,907

8,325

19.0%

9,961

8,599

15.8%

EBITDAR Margin

7.5%

7.8%

 -27 bps

7.5%

8.0%

-49 bps

Rent as % of Total Sales

-2.3%

-1.5%

 -73 bps

-0.3%

-0.2%

 -9 bps

EBITDA

6,891

6,666

3.4%

9,530

8,347

14.2%

EBITDA Margin

5.2%

6.2%

 -101 bps

7.2%

7.8%

-58 bps

Operating Profit before impairment

2,531

2,853

-11.3%

3,213

3,479

-7.6%

Operating Profit Margin before impairment

1.9%

2.7%

 -75 bps

2.4%

3.2%

-81 bps

Reversal of impairment

-

(9)

-

-

(9)

-

Operating Profit

2,531

2,844

-11.0%

3,213

3,470

-7.4%

Operating Profit Margin

1.9%

2.7%

 -74 bps

2.4%

3.2%

-81 bps

Net Interest Expense

(1,055)

(1,119)

-5.7%

(2,288)

(1,788)

-28.0%

Net FX loss

(31)

(5)

-520.0%

(341)

(27)

1,211.5%

Profit Before Income Tax

1,445

1,720

-16.0%

584

1,656

-64.7%

Net Income

735

1,317

-44.2%

45

1,265

-96.4%

Net Income Margin

0.6%

1.2%

 -67 bps

0.0%

1.2%

 -114 bps

 

Total Sales demonstrated strong growth of 23.4% and amounted to RUB 132.4 billion, compared to RUB 107.3 billion in 2021.

In Q1 2022, Gross Profit (IAS 17) rose by 28.2% year-over-year to RUB 30.0 billion. Gross Margin improved by 86 bps to 22.7% primarily due to lower promo share and sales mix shift to the higher margin products including dry food and non-food in March. This growth was offset by increased shrinkage as a proportion of Total Sales, which resulted from a higher share of new stores in the ramp-up stage.

Gross Profit growth was offset by Total SG&A increase of 37.6% leading to EBITDA (IAS 17) growth of only 3.4% year-over-year. In Q1 2022, Lenta's EBITDA Margin stood at 5.2%. EBITDA Margin declined by 101 bps compared to the previous year, primarily due to the growth of SG&A as a percentage of Sales resulted from an increased share of stores in ramp-up stage, the growing share of Lenta's own online and the Utkonos acquisition.

Selling, General, and Administrative (SG&A) expenses

 

 

IAS 17

 

 

IFRS 16

 

RUB million

Q1'22

Q1'21

Change

Q1'22

Q1'21

Change

Payroll and related taxes

12,427

8,492

46.3%

12,427

8,492

46.3%

as a % of Total Sales

9.4%

7.9%

147 bps

9.4%

7.9%

147 bps

Depreciation and Amortization (D&A)

4,360

3,813

14.3%

6,317

4,868

29.8%

as a % of Total Sales

3.3%

3.6%

-26 bps

4.8%

4.5%

24 bps

Lease Expenses

3,016

1,660

81.7%

431

252

71.0%

as a % of Total Sales

2.3%

1.5%

73 bps

0.3%

0.2%

9 bps

Utilities

1,788

1,396

28.1%

1,788

1,396

28.1%

as a % of Total Sales

1.4%

1.3%

5 bps

1.4%

1.3%

5 bps

Store Operations

3,041

2,286

33.0%

3,041

2,286

33.0%

as a % of Total Sales

2.3%

2.1%

17 bps

2.3%

2.1%

17 bps

Professional Fees

1,374

1,112

23.6%

1,374

1,112

23.6%

as a % of Total Sales

1.0%

1.0%

0 bps

1.0%

1.0%

0 bps

Advertising

1,662

1,259

32.0%

1,662

1,259

32.0%

as a % of Total Sales

1.3%

1.2%

8 bps

1.3%

1.2%

8 bps

Other

1,997

1,545

29.2%

1,996

1,545

29.2%

as a % of Total Sales

1.5%

1.4%

7 bps

1.5%

1.4%

7 bps

Total SG&A

29,665

21,563

37.6%

29,036

21,210

36.9%

as a % of Total Sales

22.4%

20.1%

232 bps

21.9%

19.8%

217 bps

SG&A excluding D&A

25,305

17,750

42.6%

22,719

16,342

39.0%

as a % of Total Sales

19.1%

16.5%

258 bps

17.2%

15.2%

193 bps

 

In Q1 2022, Total Selling, General, and Administrative expenses (IAS 17) increased by 37.6% year-over-year to RUB 29.7 billion. SG&A as a percentage of Total Sales increased by 232 bps to 22.4%. This growth was mainly driven by higher payroll and related taxes and lease expenses, as well as an increased in-store operations costs.

In Q1 2022, Payroll and related taxes rose by 46.3% year-over-year, while personnel expenses as a percentage of Total Sales increased by 147 bps. This growth primarily resulted from salary indexation, which took place in Q4 2021, a higher share of stores in ramp-up stage and Utkonos acquisition.

D&A increased by 14.3% due to owned selling space growth by 2.7% year-over-year. D&A as a percentage of Total Sales decreased by 26 bps due to the declining share of owned selling space in Total Selling Space.

Lease expenses as a percentage of Total Sales rose by 73 bps, primarily due to the acquisitions of Billa and Semya, both of which have a higher percentage of leased versus owned stores in their portfolios. The share of leased selling space for Lenta overall increased to 35% as of 31 March 2022 compared to 26% a year ago.

Store Operations as percentage of Total Sales increased by 17 bps year-over-year, mainly driven by repairs and maintenance increased by 9 bps and cleaning costs growth by 6 bps, while security costs were almost flat.

Advertising costs during Q1 2022 were up 32% year-over-year, due to investments into our growing online channel as well as higher expenses on TV and Internet advertising campaigns.

Cash Flow Statement

 

 

IAS 17

 

 

IFRS 16

 

RUB million

Q1'22

Q1'21

Change

Q1'22

Q1'21

Change

Profit before income tax

1,445

1,720

-16.0%

584

1,656

-64.7%

Net adjustments for loss on disposal of assets, impairment, depreciation & amortization, and other

5,575

4,985

11.8%

9,080

6,695

35.6%

Movements in Working Capital

(14,449)

(6,955)

-107.7%

(14,496)

(7,077)

-104.8%

Cash (used in) / generated from operating activities

(7,429)

(250)

-2,871.6%

(4,832)

1,274

-

Net Interest & Income Taxes Paid

(3,612)

(2,000)

-80.6%

(4,847)

(2,679)

-80.9%

Net Cash used in Operating Activities

(11,041)

(2,250)

-390.7%

(9,679)

(1,405)

-588.9%

Net cash used in Investing Activities

(3,998)

(3,077)

-29.9%

(3,989)

(3,069)

-30.0%

Net cash used in financing activities

(50)

(573)

91.3%

(1,421)

(1,426)

0.4%

Effect of exchange rates on cash and cash equivalents

35

(10)

-

35

(10)

-

Net Decrease in Cash & Cash Equivalents

(15,054)

(5,910)

-154.7%

(15,054)

(5,910)

-154.7%

 

Capital Expenditures in Q1 2022 amounted to RUB 4.0 billion, an increase of 25% year-over-year. This increase resulted from an accelerated pace of new organic store openings (44 store openings on a gross basis during Q1 2022 vs 2 store openings during Q1 2021), continuing IT development costs, and expenses related to the integration of Billa stores.

The Company's Profit before income tax for the Q1 2022 equaled RUB 1.4 billion, which was 16.0% lower than in Q1 2021. A negative change in Working Capital of RUB 14.4 billion compared to a negative change of RUB 7.0 billion the year before resulted primarily from a decrease in trade payables.

In Q1 2022, Net Cash used in Operating Activities (IAS 17) amounted to RUB 11.0 billion, compared to RUB 2.3 billion in the previous year. These dynamics resulted from a negative movement of Working Capital and higher interest and income taxes paid.

Net Cash used in Investing Activities increased by 29.9% to RUB 4.0 billion in Q1 2022 from RUB 3.1 billion in Q1 2021.

In Q1 2022, Net Cash used in Financing Activities amounted to RUB 0.05 billion, compared to RUB 0.5 billion used in Q1 2021.

Free Cash Flow for Q1 2022 was negative RUB 15.0 billion, which was RUB 9.7 billion lower than Free Cash Flow in Q1 2021, mainly due to lower Net Cash used in Operating Activities.

Debt Position and Leverage

 

IFRS 16

IAS 17

RUB million

31-Ma-22

31-Dec-21

31-Mar-22

31-Dec-21

Gross Debt

149,030

148,962

88,525

88,414

Long-term Debt

61,886

66,912

61,886

66,912

Short-term Debt

26,639

21,502

26,639

21,502

Lease Liabilities (IFRS 16)

60,505

60,548

-

-

Cash & Cash Equivalents

18,349

33,326

18,349

33,326

Net Debt

130,681

115,636

70,176

55,088

Net Debt / EBITDA (LTM) ratio

 

 

1.8x

1.4x

 

Lenta's cash position at the end of Q1 2022 was RUB 18.3 billion. Gross Debt was almost flat compared to 31 December 2021 and stood at RUB 88.5 billion as of 31 March 2022. Net Debt (IAS 17) increased by RUB 15.1 billion compared to 31 December 2021 and stood at RUB 70.2 billion.

All the Company's debt has fixed interest rates and is fully ruble-denominated matching its revenue structure. The LTM weighted average effective interest rate for Lenta's debt portfolio for the period ended 31 March 2022 was 7.04%, compared to 7.14% for the twelve-month period ended 31 March 2021.

Lenta's Net Debt to EBITDA ratio was 1.8x as of 31 March 2022 vs 1.4x as of 31 December 2021.

FY'22 GUIDANCE WITHDRAWN

Due to the current uncertain operating environment caused by the geopolitical situation, Lenta is withdrawing its previously issued 2022 guidance for store openings and Capex, and will not issue new guidance for 2022 unless and until market conditions stabilize.

For further information, please contact:

 

Lenta

Tatyana Vlasova
Head of Investor Relations
tatyana.vlasova@lenta.com  

EM (International Media Inquiries)
Lenta@em-comms.com

Lenta
Mariya Filippova
Head of Public Relations and Government Affairs
maria.filippova@lenta.com  

 


About Lenta

Lenta IPJSC (LSE: LNTA, MOEX: LENT) is a leading Russian multi-format food and FMCG retailer. The company operates hypermarkets, supermarkets, and recently launched a new proximity store format under the brand Mini Lenta. It also provides customers the option to shop online via its own Lenta Online services, Online Partners and the Utkonos platform. Lenta is Russia's largest hypermarket operator and the fourth largest food retailer overall by Sales. The company was founded in 1993 in St. Petersburg and as of December 31, 2021, operated 254 hypermarkets and 541 supermarkets and Lenta Mini stores in over 200 cities and towns across Russia, with almost 1.77 million square meters of Selling Space. The average Lenta hypermarket has approximately 5,500 square meters of Selling Space, the average Lenta supermarket has 800 square meters, and the Mini Lenta format is 500 meters on average. The company operates 14 distribution centers to supply all its stores. 2021 Revenues were RUB 484 billion (approximately USD 6.5 billion).

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 Lenta'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 Lenta speak only as of the date of this announcement. Except as required by any applicable laws or regulations, Lenta 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.

Appendix 1

Q1 2022 MONTHLY OPERATING RESULTS

Sales3

 

January

YoY

February

YoY

March

YoY

Total Sales (RUB millions)

39,244

15.8%

40,847

17.5%

52,279

35.3%

Retail Sales

38,780

15.4%

40,168

17.2%

51,599

35.8%

Hypermarkets

31,619

3.7%

32,109

2.9%

40,968

18.8%

Small Formats

7,161

130.8%

7,195

134.0%

9,300

164.7%

Utkonos4

-

-

865

-

1,330

-

Wholesale5

464

62.4%

678

35.1%

681

5.9%

Average Ticket (RUB)

1,038

-7.1%

1,109

-6.7%

1,127

0.2%

Hypermarkets

1,310

7.3%

1,383

6.6%

1,409

14.4%

Small Formats

524

-8.1%

538

-7.8%

545

-2.8%

Utkonos

-

-

3,596

-

4,888

-

Number of Tickets (millions)

38

24.3%

37

25.7%

46

35.4%

Hypermarkets

24

-3.4%

23

-3.4%

29

3.8%

Small Formats

14

151.3%

13

153.8%

17

172.3%

Utkonos

-

-

0.2

-

0.3

-

Stores and Selling Space

 

January

February

March

Total Retail Stores (eop)

765

771

795

Hypermarkets

254

254

254

Openings

0

0

0

Closing

0

0

0

Small Formats

511

517

541

Openings

10

10

24

Closing

2

4

0

New Selling Space (sqm, eop)

5,389

397

11,647

Hypermarkets

0

0

0

Small Formats

5,389

397

11,647

Total Selling Space (sqm, eop)

1,760,372

1,760,769

1,772,416

Hypermarkets

1,401,291

1,401,291

1,401,291

Small Formats

359,081

359,478

371,125

Online Sales

 

January

YoY

February

YoY

March

YoY

Total Online Sales (RUB, millions)

2,507

115.3%

3,664

185.1%

4,666

242.1%

Online Partners

1,082

44.4%

1,132

49.3%

1,318

75.5%

Lenta Online6

1,425

243.7%

1,623

208.0%

1,998

251.7%

Utkonos7

-

-

908

-

1,350

-

Average Online Ticket (RUB)

1,876

10.7%

2,259

25.4%

2,412

32.9%

Online Partners

1,805

0.5%

1,909

1.8%

1,948

4.0%

Lenta Online6

1,934

25.8%

2,028

19.1%

2,064

18.0%

Utkonos7

-

-

3,973

-

4,662

-

Total Online Orders (thousands)

1,336

94.5%

1,622

127.3%

1,934

157.4%

Online Partners

600

43.7%

593

46.7%

677

68.7%

Lenta Online6

737

173.3%

801

158.6%

968

176.3%

Utkonos7

-

-

229

-

290

-

 

3. Including Utkonos results from the date of consolidation (1 February 2022).

4. Includes only Utkonos Retail Sales (B2C)

5. Wholesales includes Utkonos wholesales (B2B)

6. Lenta Online includes Click & Collect

7. Includes both Utkonos retail sales (B2C) and wholesales (B2B)



ISIN: US52634T2006, US52634T1016
Category Code: QRF
TIDM: LNTA;LENT
LEI Code: 213800OMCE8QATH73N15
Sequence No.: 157162
EQS News ID: 1333677

 
End of Announcement EQS News Service

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