Lenta increased its revenue in January-September by 59% to 624 billion rubles

Retail sales reached 618.9 billion rubles, 60.9% more than in January-September 2023. Comparable sales (LFL) increased by 13.2% due to an increase in the average LFL ticket of 11.5% and LFL traffic 1.6%.

The company opened 462 convenience stores, 2 hypermarkets and 4 supermarkets.

Gross profit increased by 70.6% to 135.6 billion rubles. EBITDA reached 46.7 billion rubles, EBITDA margin increased by 349 basis points. – up to 7.5%.

As of September 30, 2024, the company reduced its net debt to EBITDA ratio (over the last 12 months) to 1.4 times from 2.8 times as of December 31, 2023.

Revenue at the end of the third quarter increased by 55.1% year-on-year to 210.9 billion rubles. Retail sales increased by 57.7% to 209.3 billion rubles, LFL – by 9.4%, against the background of an increase in the average check LFL by 9.9%.

Gross profit in July-September increased by 66.8% and amounted to 46.2 billion rubles. EBITDA amounted to 17 billion rubles, EBITDA margin increased by 287 basis points. – up to 8.1%.

Net profit for the third quarter increased 17 times compared to the same period in 2023 and reached 4,364 million rubles.

In the last three months, 135 convenience stores, 1 hypermarket and 4 supermarkets have opened.

According to the general director of Lenta, Vladimir Sorokin, quoted in the message, the retailer completed the integration of the Monetka chain into the group’s perimeter and opened 136 stores under this brand (mainly in the Urals and Western Siberia).

After the publication of the report, Lenta quotes at the auction on October 28 soared by 6.38%, at the peak the price of securities was 1,075 rubles per share, in the afternoon the growth slowed down to 2.42%, the shares cost a little more than a thousand rubles.

In October 2023, Russian hypermarket chain Lenta acquired retailer Monetka. The company bought 99.999% of the RM group and reported that this would help strengthen its position in Western Siberia and the Urals.