X5 Retail Group bypassed the “Magnet” on the rate of revenue growth in the first quarter

The increase in net retail sales of X5 Retail Group retailer in the first quarter of 2016 compared with last year’s period amounted to 26.7%, according to the company. Revenue for the first quarter amounted 230,6 billion rubles, last year during the same period, X5 Retail Group reported revenues of 182 billion rubles, thus, the company’s revenue growth in absolute numbers amounted to 48.6 billion rubles.

X5 Retail Group ranked second in terms of revenue among the Russian retailers. Leading in the ranking of “Magnet” for the first quarter showed revenue growth in 16,59%. According to previously published data of the company, its net retail revenues amounted to USD 254.4 billion rubles In the previous year the figure was 218,2 billion rubles (an increase of 36.2 billion rubles).

Thus, X5 Retail Group bypassed the “Magnet” and the revenue growth (26.7% and 16,59%), and in terms of growth in absolute terms (RUR 48.6 billion and 36.2 billion rubles).

As noted in the report of X5 Retail Group, the company has shown positive results in each month of the first quarter, mainly due to the strong performance of the trade network “Pyaterochka” and a substantial increase in traffic in the trade network “Crossroads”.

The main contribution to the increase in net retail sales of X5 Retail Group in the first quarter made the trade network “Pyaterochka”. The increase in net retail sales network was 32.3% compared to the same period last year. The growth of retail space to the retailer was chiefly due to the opening of shops “Pyaterochka” — about 92% of new space X5 Retail Group for the first quarter were in this trade network.

The growth rate of net retail revenue of a trading network “the Crossroads” also increased with each passing month in the first quarter from 15.7% in January to 20.6% in March.

“In the first quarter of 2016 trading network “the Crossroads” showed a positive growth rate LFL traffic for the first time since the fourth quarter of 2013″, — the report of X5 Retail Group.

The increase in net revenue in the first quarter of 2016 reported and retailer Dixy. The company’s revenue growth was 16.5% compared to the previous year.

Earlier in March, the X5 Retail Group reported that total revenue of retail chains within the group X5, rose by the end of 2015 by 27.6%, or almost 175 billion rubles, the Growth was a record in the company’s history. This sharp increase in revenue in the company explained primarily by a significant increase in retail space. By the end of 2015 the total number of stores controlled by X5 retail networks (“Pyaterochka”, “Perekrestok”, “Karusel”, “Express Retail”) exceeded 7 thousand (7020), 1537 shops more than a year earlier. The greatest growth for the year also showed a “roundabout”.

“The magnet”, in turn, reported that the total revenue of the company by the end of 2015 amounted to more than 950,6 billion rubles, which is 24.5% more than the previous year.