Fix Price Group Ltd
Fix Price announces the opening of its 4,500th store
Fix Price Group Ltd. (FIXP)
Fix Price announces the opening of its 4,500th store
2 June 2021, Moscow – Fix Price (LSE and MOEX: FIXP), the largest variety value retail chain in Russia and one of the leading variety value retailers in the world, announces the opening of its 4,500th store.
Over the first five months of 2021, the Company opened 333 retail outlets, including the first Fix Price stores in the towns of Gubkinsky (Yamalo-Nenets Autonomous Okrug), Snezhnogorsk (Murmansk Region) and Vikhorevka (Irkutsk Region). On 31 May 2021, Fix Price’s network reached an important milestone in its development: its 4,500th store was opened in St Petersburg.
Fix Price currently operates in more than 1,000 towns in 78 regions of Russia as well as in the neighbouring countries of Belarus, Georgia, Kazakhstan, Kyrgyzstan, Latvia and Uzbekistan.
Fix Price CEO Dmitry Kirsanov said:
About the Company One of the leading variety value retailers globally, and the largest in Russia, Fix Price (LSE and MOEX: FIXP) has helped its customers save money every day since 2007. Fix Price offers its customers a unique and constantly refreshed product assortment of non-food, drogerie and food goods at low fixed price points. Today there are more than 4,500 Fix Price stores in Russia and neighbouring countries, all of them stocking approximately 1,800 SKUs across around 20 product categories. As well as its own private labels, Fix Price sells products from leading global names and smaller local suppliers. In 2020, the Company recorded revenue of RUB 190.1 billion, EBITDA of RUB 36.8 billion and net profit of RUB 17.6 billion, in accordance with IFRS.
Contacts Fix Price investor relations Fix Price media relations ir@fix-price.com pr@fix-price.ru
EM Dmitry Zhadan Peter Morley Denis Denisov zhadan@em-comms.com morley@em-comms.com denisov@em-comms.com +7 916 770 8909 +43 676 684 5252 +7 985 410 3544
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Category Code: | MSCM |
TIDM: | FIXP |
LEI Code: | 549300EXJV1RPGZNH608 |
Sequence No.: | 108836 |
EQS News ID: | 1203394 |
End of Announcement | EQS News Service |