19 February 2020
IFRS financial results FY 2019 conference call
St-Petersburg, Russia; 19 February, 2020 – Lenta Ltd, (LSE, MOEX: LNTA) (“Lenta”), one of the largest retail chains in Russia, is pleased to announce it will release its audited consolidated IFRS financial results for the year ending 31 December 2019 on 25th February 2020. Lenta will also host an Analyst and Investor Conference Call on the same day to discuss the results.
Conference call details:
Date: Tuesday, 25th February 2020
Time: 16:00 (Moscow time), 13:00 (UK time), 08:00 (EST)
Herman Tinga, Chief Executive Officer
Rud Pedersen, Chief Financial Officer
Maria Rybina, Head of Investor Relations
To participate in the conference call, please dial:
- +7 495 213 1767 (local access)
- 8 800 500 9283 (toll free)
- +44 (0) 330 336 9128 (local access)
- 0800 358 6377 (toll free)
- +1 646-828-8143 (local access)
- 800-263-0877 (toll free)
Conference ID: 8063361
The reviewed IFRS financial results for the full-year ended 31 December 2019, press release and respective presentation will be published at 10:00am Moscow time (07:00am UK time) and will be available at www.lentainvestor.com
For further information please visit www.lentainvestor.com, or contact:
Head of Investor Relations
+7 812 363 28 44
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 249 hypermarkets in 88 cities across Russia and 131 supermarkets in Moscow, St. Petersburg, and the Siberia, Urals and Central regions, with a total of approximately 1,489,497 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 840 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 48,391 people as of 31 December 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 FY 2019 was 51,908 employees