26 August 2019
1H 2019 financial results conference call
St-Petersburg, Russia; 26 August, 2019 – Lenta Ltd, (LSE, MOEX: LNTA) (“Lenta”), one of the largest retail chains in Russia, is pleased to announce it will release its reviewed IFRS financial results for the first half-year of 2019 on 28th August 2019. Lenta will also host an Analyst and Investor Conference Call on the same day to discuss the results.
Conference call details:
Date: Wednesday, 28th August 2019
Time: 16:00 (Moscow time), 14:00 (UK time), 09:00 (EST)
Herman Tinga, Chief Executive Officer
Rud Pedersen, Chief Financial Officer
Albert Avetikov, Director for Investor Relations
To participate in the conference call, please dial:
- +7 495 646 9190 (local access)
- 8 10 8002 8675011 (toll free)
- +44 (0)330 336 9411 (local access)
- 0800 279 7204 (toll free)
- +1 929-477-0324 (local access)
- 800-458-4148 (toll free)
Conference ID: 9712581 or quote the conference call title: “1H 2019 IFRS financial results”
The reviewed IFRS financial results for the first half-year ended 30 June 2019, press release 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
Тel:+7 495 795 06 23
Lenta is the largest hypermarket chain in Russia and the country’s third largest retail chain. The Company was founded in 1993 in St. Petersburg. Lenta operates 245 hypermarkets in 88 cities across Russia and 129 supermarkets in Moscow, St. Petersburg, and the Siberia, Urals and Central regions, with a total of approximately 1,468,639 sq.m. of selling space. The average Lenta hypermarket store has selling space of approximately 5,500 sq.m. The average Lenta supermarket store has selling space of approximately 800 sq.m. The Company operates 12 distribution centers.
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 50,509 people as of 30 June 20191.
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 Severgroup, which is 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.
1 FTE (full-time equivalent). Average FTE for FY2018 was 43,283 employees