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Lenta Ltd (LNTAq.L)

LNTAq.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Russia's Lenta plans to double selling space by end-2020
Thursday, 16 Feb 2017 09:01am EST 

Lenta Ltd says: Plans to open about 30 new hypermarkets in 2017; . To open about 50 new supermarkets and add new regions, starting with Novosibirsk; . To add about 200,000 sq.m. of total new selling space in 2017; . Sees 2017 capital expenditures of around 40 billion roubles ($698.32 million); . Aims to double total selling space by the end of 2020 and develop alternative models to add to growth; . In the hypermarket segment, plans to open organically 150,000-200,000 sq.m. per year, with long-term potential for about 400 additional hypermarkets in target cities; . In the supermarket segment, plans to significantly increase number of store openings to deliver around 8x increase in selling space by 2020 (15-20 pct of total selling space); .Will continue focusing on profitable growth, carefully balancing capex and returns (target IRR of 20 pct) with the aim to continue to deliver market-leading returns..  Full Article

Russia's Lenta says 2016 net profit up 8.9 pct
Thursday, 16 Feb 2017 02:03am EST 

Lenta Ltd says: Full-year 2016 net profit totalled 11.2 billion roubles ($196.36 million), up 8.9 percent; . FY 2016 adjusted EBITDA at 31.8 billion roubles, up 13.1 percent; . 2016 adjusted EBITDA margin at 10.4 percent vs 11.1 percent in 2015; .Capital expenditures amounted to 54.3 billion roubles, an increase of 73 percent compared to 2015;.  Full Article

Russia's Lenta says total sales up 21 pct in Q4
Thursday, 26 Jan 2017 02:09am EST 

Russia's Lenta Ltd says: Total sales grew 20.9 pct in Q4 2016 to 90.8 billion roubles ($1.53 billion). . Total sales grew 21.2 pct in full-year 2016 to 306.4 billion roubles. . Like for like sales grew 3.9 pct in 2016 vs 2015. Further company coverage: [LNTAq.L] ($1 = 59.4070 roubles) (Reporting by Maria Kiselyova and Alexander Winning) ((moscow.newsroom@thomsonreuters.com)).  Full Article

Kesko has sold its grocery trade in Russia to Lenta
Wednesday, 30 Nov 2016 04:00am EST 

Kesko Oyj : Has sold its grocery trade in Russia to Lenta Ltd . Aggregate consideration for disposal including sales price adjustment is about 11.4 billion roubles ($175.5 million) . Says disposal will have a minor impact on its net sales .Outlook in respect of net sales and comparable operating profit for period Q4 2016 - Q3 2017 remains unchanged.  Full Article

Russia's Lenta says meets expansion target ahead of schedule
Thursday, 24 Nov 2016 10:14am EST 

Lenta Ltd : Lenta has doubled its total selling space to 1,019,968 square metres, achieving a target set at its IPO in March 2014. . Lenta has opened 87 hypermarkets since the beginning of 2014 and expects to open at least 26 more hypermarkets before the end of 2016, including 10 stores through the acquisition of Kesko's food retail business in Russia, which is projected to be completed on Nov. 30, 2016. [nL8N1CW20X] .In February 2017, after the announcement of 2016 financial results, Lenta intends to hold a strategy presentation at which the company will set out its new long-term goals..  Full Article

Russia's Lenta says H1 net profit up 46 pct y/y
Thursday, 25 Aug 2016 02:52am EDT 

Lenta Ltd says: H1 2016 net profit at 4.3 billion roubles ($66.2 million), up 45.9 percent from 3.0 billion roubles in H1 2015; . H1 adjusted EBITDA at 13.7 billion roubles, up 16.4 percent (H1 2015: 11.7 billion roubles) with a margin of 9.8 percent (H1 2015: 10.2 percent); . On track to meet target of at least 40 new hypermarket openings this year; .Capital expenditures in 2016 are expected to be 45-50 billion roubles..  Full Article

Russian retailer Lenta says Q2 total sales up 21.8 pct
Thursday, 21 Jul 2016 03:15am EDT 

Russia's Lenta Ltd says: Q2 Like-For-Like ("lfl") sales growth of 4.9 pct versus same period last year; . Q2 total sales rub lfl traffic growth of 1.4 pct combined with a 3.4 pct increase in lfl ticket; . Total sales grew 21.8 pct in Q2 2016 to 73.6 bln rbls (Q2 2015: 60.4 bln rbls); . Expects adjusted EBITDA growth of around 16 pct for H1; .Expects adjusted EBITDA margin of around 9.8 pct for H1 compared to 10.2 pct same period of 2015..  Full Article

Lenta Ltd expects 2015 adjusted EBITDA margin to improve vs 2014
Wednesday, 27 Jan 2016 11:00pm EST 

Lenta Ltd:Confirms its 2016 expansion target to open at least 40 new hypermarkets.Expects to maintain a similar or higher rate of growth in 2017 and beyond.Expects that as a result of 2015 expansion and further acceleration of growth the Company will significantly exceed its previously communicated goal of doubling selling space over the three years to December 2016.Given the volatile consumer and macro environment, will not provide 2016 sales growth guidance.Expect adjusted EBITDA margin for full year of 2015 to improve compared to result of 2014​.  Full Article

Lenta Ltd completes equity placing of $150 million
Wednesday, 21 Oct 2015 01:00am EDT 

Lenta Ltd:Says it has successfully completed an equity placing of 21,126,760 new GDRs via an accelerated bookbuild raising gross proceeds of $150 million.Says additionally, the European Bank for Reconstruction and Development (EBRD) has placed 17,623,240 GDRs.Following this sale and pro-forma company's capital increase EBRD will continue to hold a 7.4 per cent stake in Lenta.The shares were sold at a price of $7.10 per GDR.Pro-forma its capital increase and EBRD sell-down, Lenta's free float has increased to 57.5 pct.Expects that unconditional trading in the GDRs through the IOB will commence on or about Oct. 26.Credit Suisse Securities (Europe) Limited, J.P. Morgan Securities plc and VTB Capital PLC are acting as joint global coordinators and joint bookrunners in connection with the placing.  Full Article

Lenta Ltd lowers 2015 sales forecast
Friday, 16 Oct 2015 01:00am EDT 

Lenta Ltd:Lowers 2015 sales forecast to 29-33 pct from 34-38 pct.FY 2015 sales of 257.78 billion roubles - Thomson Reuters I/B/E/S.  Full Article

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UPDATE 1-Russian retailer Lenta expects consumer spending to stay weak in 2017

* Core profit margin slips to 10.4 pct in 2016 (Adds 2017 store and capex guidance, longer-term targets, share price)