29 December 2017
Lenta opens twelve new supermarkets across Russia
St. Petersburg, Russia; 29 December 2017 – Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its twelve new supermarkets in Moscow, Saint-Petersburg, Novosibirsk and Tula.
Eight of new supermarkets are opened in different districts of Novosibirsk. A broad assortment of products from 3,900 to 7,800 SKUs that has been selected specifically for residents of Novosibirsk and includes federal product ranges alongside local produce. Seven out of eight properties are owned by Lenta. The openings bring the number of Lenta supermarkets in the city to 15.
Two new supermarkets are opened in Moscow. Stores are located in Odintsovo at 1A Mozhayskoe highway and in Moscow at 6, Angelov lane. Supermarkets offer a product assortment from 3,900 to 7,800 SKUs. The stores have 20-50 parking spaces and 6-8 cash registers. These openings bring the number of Lenta supermarkets in Moscow to 43. One supermarket is leased and another is owned by Lenta.
The first Lenta supermarket opened in Tula at 8 Frunze street. The store has a total area of 1,362 sq.m with 702 sq.m of selling space. It has 6 cash registers and offer a product assortment of 5,500 SKUs. The property is leased by Lenta.
Lenta also opened its twenty fifth supermarket in Saint Petersburg at 71 Zanevsky prospect in Zanevskiy Kaskad shopping mall. The store has a total area of 1,564 sq.m with 1,026 sq.m. It has 6 cash registers and offer a product assortment of 7,800 SKUs. The property is leased by Lenta.
All new stores are open from 8 am to 11 pm, seven days a week.
As a result of these openings Lenta has met 2017 store opening guidance of about 40 new hypermarkets and about 50 new supermarkets. The new openings brought the number of stores to 230 hypermarkets in 83 cities across Russia and 97 supermarkets in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg and the Central region.
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 230 hypermarkets in 83 cities across Russia and 97 supermarkets in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg and the Central region with a total of approximately 1,379,526 sq.m of selling space. The average Lenta hypermarket store has selling space of approximately 5,600 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 20171.
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:
Anton Karpov & Victoria Afonina
Тel:+7 495 795 06 23
Leonid Fink & Victor Pomichal
Тel: +44 7497 783 705
1 FTE (full-time equivalent). Average FTE for 1H 2017 was 40,197 employees