Lenta International PJSC Lenta to hold Capital Markets Day (6358S)
March 18 2021 - 3:00AM
UK Regulatory
TIDMLNTR TIDMLNTA
RNS Number : 6358S
Lenta International PJSC
18 March 2021
Press Release | St. Petersburg | 18 March 2021
Lenta to hold Capital Markets Day
St. Petersburg, Russia, 18 March 2021: Lenta IPJSC (MOEX &
LSE: LNTA), one of the largest retail chains in Russia, will today
announce its updated strategy for the period through 2025 as part
of the company's Capital Markets Day.
Lenta's Chairman and its senior management team will set out the
core pillars of the company's updated strategy, followed by a
Q&A session.
Presenting for Lenta will be:
-- Alexey Mordashov (Chairman)
-- Vladimir Sorokin (Chief Executive Officer)
-- Rud Pedersen (Chief Financial Officer)
-- Anastasia Volokhova (Chief Strategy and Transformation Officer)
The Capital Markets Day begins at 16:00 Moscow time (13:00 in
London and 09:00 in New York) and will take place online. Please
find below the direct links to the EQS webcast platform:
-- https://www.webcast-eqs.com/register/lenta20210318/en (English)
-- https://www.webcast-eqs.com/register/lenta20210318/ru (Russian)
The Capital Markets Day presentation will be published shortly
on the Lenta investor website at:
http://www.lentainvestor.com/en/investors/company-presentations
A replay of the Capital Markets Day will be made available after
the event at https://www.lentacmd.com/
The updated Strategy 2025 aims to transform Lenta into a food
retail champion during the next stage of the Russian food retail
sector. It builds on the company's existing strengths as Russia's
fourth largest and most profitable major food retailer with a
nationwide presence, a leading and widely recognized brand, and a
highly loyal customer base.
Lenta seeks to achieve the following four goals:
-- Growth - to double revenues to RUB 1 trillion by 2025
-- Profitability - to remain the most profitable Russian food retailer
-- Competitiveness - to be the #1 or #2 player in those
geographies or segments where Lenta chooses to compete
-- Returns - to generate a sector-leading TSR by 2025
Vladimir Sorokin, CEO of Lenta, said:
"The Russian food retail market has undergone a large
transformation over recent years and continues to evolve at a rapid
pace. We believe that Lenta's core strengths position it perfectly
to capitalize on future growth opportunities. The updated strategy
we are unveiling today sets out ambitious and achievable goals that
will enable Lenta to become a new champion amongst Russian food
retailers."
For further information, please visit www.lentainvestor.com or
contact:
Lenta Lenta
Mariya Filippova Timothy Post
Head of Public Relations and Government Investor Relations Officer
Affairs timothy.post@lenta.com
maria.filippova@lenta.com
EM (International Media Inquiries)
Lenta@em-comms.com
About Lenta
Lenta is the largest hypermarket chain in the Russian Federation
and the fourth largest food retailer. The Company was founded in
1993 in St. Petersburg and as of December 31, 2020, operated a
nationwide chain of 254 hypermarkets and 139 supermarkets across
Russia with more than 1.5 million square meters of Selling Space.
The average Lenta hypermarket has approximately 5,500 square meters
of selling space, while the Lenta supermarket averages 800 square
meters. The company operates 13 distribution centers throughout
Russia. Lenta is listed on both the London Stock Exchange and
Moscow Exchange, trading under the ticker: "LNTA".
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.
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END
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