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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Lenta    LNTA

LENTA (LNTA)
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Lenta : opens sixteenth hypermarket in Moscow

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11/10/2017 | 04:19pm CEST

St. Petersburg, Russia; 10 November, 2017 - Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of sixteenth hypermarket in Moscow.

The new store is Lenta compact format hypermarket in Domodedovo at 28 Kirova street. The store has a total area of 8,844 sq.m with 5,217 sq.m of selling space and is open around-the-clock, seven days a week. The store has 378 parking spaces and 28 cash registers including 4 self-checkout lanes. The property is owned by Lenta.

Store in Domodedovo offers a broad product assortment of 20,500 SKUs, which has been selected specifically for residents of Domodedovo and includes Lenta's private labels and federal product ranges alongside local produce.

The new opening is Lenta's seventeenth hypermarket launch in 2017 and brings the total number of Lenta stores to 208 hypermarkets in 80 cities across Russia and 69 supermarkets in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg and the Central region.

About Lenta
Lenta is the largest hypermarket chain in Russia and the country's fourth largest retail chain. The Company was founded in 1993 in St. Petersburg. Lenta operates 208 hypermarkets in 80 cities across Russia and 69 supermarkets in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg and the Central region with a total of approximately 1,243,327 sq.m of selling space. The average Lenta hypermarket store has selling space of approximately 5,700 sq.m. The average Lenta supermarket store has selling space of approximately 900 sq.m. The Company operates seven owned distribution centres.

The Company's price-led hypermarket formats are differentiated in terms of their promotion and pricing strategies as well as their local product assortment. The Company employed approximately 40,400 people as of 30 June 2017.

The Company's management team combines a mix of local knowledge and international expertise coupled with extensive operational experience in Russia. Lenta's largest shareholders include TPG Capital and the European Bank for Reconstruction and Development, both of which are committed to maintaining high standards of corporate governance. Lenta is listed on the London Stock Exchange and on the Moscow Exchange and trades under the ticker: 'LNTA'.

A brief video summary on Lenta's business and its Big Data initiative can be seen here.

For further information please visit www.lentainvestor.com, or contact:

Lenta
E-mail: pr@lenta.com

NW Advisors
Russian Media
Anton Karpov & Victoria Afonina
Тel:+7 495 795 06 23
E-mail: lenta@nwadvisors.com

FTI Consulting
International Media:
Leonid Fink & Victor Pomichal

Тel: +44 7497 783 705
E-mail: Leonid.Fink@fticonsulting.com
victor.pomichal@fticonsulting.com

FTE (full-time equivalent). Average FTE for 1H 2017 was 40,197 employees

Lenta Ltd. published this content on 10 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 November 2017 15:18:03 UTC.

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Financials (RUB)
Sales 2018 426 B
EBIT 2018 27 927 M
Net income 2018 14 524 M
Debt 2018 96 775 M
Yield 2018 -
P/E ratio 2018 8,26
P/E ratio 2019 6,88
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Average target price 413  RUB
Spread / Average Target 63%
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