MOSCOW, January 24. /TASS/. The net sales of X5 Group for 2022 increased by 18.3% compared to 2021 to 2.6 trillion rubles ($37.8 bln), the company reported on Tuesday.

"In 2022, total net sales grew by 18.3% to RUB 2.6 trillion, with net offline sales at Pyaterochka and Perekrestok increasing by 18.0% and 8.3% year-on-year, respectively. X5 added 2,202 net new stores in 2022 (compared to 1,366 net new stores in 2021), driven by the expansion of the Group’s proximity and hard discounter formats as well as the addition of stores from Krasny Yar and Slata, two leading retailers in Eastern Siberia, with whom X5 finalized strategic partnership this year," X5 Chief Executive Officer Igor Shekhterman was quoted by the press service.

Meanwhile, the growth of like-for-like sales (LFL) grew by 10.8%. The number of X5 chain stores increased by 11.5% to 21,323, the company opened 2,200 new stores (against 1,366 new stores in 2021).

Net sales of X5 Group in the Q4 2022 increased by 16.3% year-on—year to 704 bln rubles ($10.24 bln). Like-for-like sales growth was 7.9%.

In 2023, the company plans to continue expanding its hard discounter and proximity store networks. At the same time, "In 2023, our key areas of focus include entry into the Russian Far East, which will significantly expand X5’s market geography and create new opportunities for customers and suppliers in the region. After signing a cooperation agreement with the Russian Far East and Arctic Development Corporation (RFEADC) in September 2022, we plan to assess local infrastructure needs in Q1 2023 in order to develop our further course of action," Shekhterman commented.

X5 Retail Group N.V. is a leading Russian food retail company. As of December 31, 2022, the retail chain includes 19,164 Pyaterochka stores, 971 Perekrestok supermarkets, 517 Chizhik hard discounters, and 595 Krasny Yar and Slata stores. The company develops digital businesses Vprok.ru, 5Post, express delivery and Mnogo Lososya ready-to-eat delivery service.