17 July 2017
Conference call on 2Q2017 operating results
Sales and operating results for the second quarter of 2017
St-Petersburg, Russia; 17 July, 2017 – Lenta Ltd, (LSE, MOEX: LNTA) (“Lenta”), one of the largest retail chains in Russia, is pleased to announce it will release its consolidated sales and operating results for the second quarter of 2017 on 20th July 2017. Lenta will also host an Analyst and Investor Conference Call on the same day to discuss the results.
Conference call details:
Date: Thursday, 20th July 2017
Time: 17:00 (Moscow time), 15:00 (UK time), 10:00 (EST)
Jan Dunning, Chief Executive Officer
Albert Avetikov, Director for Investor Relations
To participate in the conference call, please dial:
- +7 495 213 1767 (Local access)
- +44 (0)330 336 9105 (Local access)
- 0800 368 0935 (Toll free)
- +1 719-457-1036 (Local access)
- 1866-548-4713 (Toll free)
Conference ID: 4282603 or quote the conference call title: “Lenta 2Q sales and operating results”
The consolidated sales and operating results for the second quarter ended 30 June 2017 and respective presentation will be published at 10:00am Moscow time (08:00am UK time) and will be available at www.lentainvestor.com
For further information please visit www.lentainvestor.com, or contact:
Director for Investor Relations
+7 812 363 28 44
David Westover and Marina Zakharova
Тel: +44 207 282 2886
Anton Karpov and Victoria Afonina
Тel:+7 495 795 06 23
Lenta is the largest hypermarket chain in Russia (in terms of selling space) and the country’s fifth largest retail chain (in terms of 2015 sales). The Company was founded in 1993 in St. Petersburg. Lenta operates 195 hypermarkets in 78 cities across Russia and 59 supermarkets in Moscow, St. Petersburg, Novosibirsk and the Central region with a total of approximately 1,173,416 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 45,689 people as of 31 December 2016.
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, the European Bank for Reconstruction and Development, all of whom 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 can be seen here.