Press Release |
Lenta to hold 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
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
Lenta seeks to achieve the following four goals:
· Growth - to double revenues to
· 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."
EM (International Media Inquiries)
Lenta is the largest hypermarket chain in the
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.