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Lenta

March 31, 2018

Lenta opens three new supermarkets in Novosibirsk

St. Petersburg, Russia; 31 March 2018– Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its three new supermarkets in Novosibirsk.

The first store is a Lenta supermarket located in Novosibirsk at 24 Vetluzhskaya street. The store has a total area of 1,473 sq.m with 635 sq.m of selling space. The store has 20 parking spaces and 6 cash registers.

The second supermarket is located at 24 Mayakovskogo street. The store has a total area of 1,495 sq.m with 618 sq.m of selling space. The store has 40 parking spaces and 6 cash registers.

The third store is a Lenta supermarket located in Berdsk, Novosibirsk region at 6 Maksima Gorkogo street. The store has a total area of 1,232 sq.m with 659 sq.m of selling space. The store has 6 cash registers.

Stores are open from 8 am to 11 pm, seven days a week. They offer a broad product assortment of 5,500 SKUs, which has been selected specifically for residents of Novosibirsk and includes Lenta’s private labels and federal product ranges alongside local produce. The properties are owned by Lenta.

The new openings in Novosibirsk are Lenta’s seventh, eighth and ninth supermarket launches in 2018 and bring the total number of Lenta stores to 232 hypermarkets in 84 cities across Russia and 106 supermarkets in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg and the Central region.

About Lenta

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 232 hypermarkets in 84 cities across Russia and 106 supermarkets in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg and the Central region with a total of approximately 1,392,973 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 53,100 people as of 31 December 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:

Lenta
Maria Filippova
Public Relations and Government Affairs Manager
Tel.: +7 812 380-61-31 ext.: 1892
E-mail: maria.filippova@lenta.com

NW Advisors
Russian Media
Anton Karpov & Victoria Afonina
Ňel:+7 495 795 06 23
E-mail: lenta@nwadvisors.com

FTI Consulting
International Media:
Leonid Fink & Victor Pomichal
Ňel: +44 7497 783 705
E-mail: Leonid.Fink@fticonsulting.com
victor.pomichal@fticonsulting.com

1FTE (full-time equivalent). Average FTE for 2017 was 42,366 employees

 

 

 

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