Retailer Lenta plans to double revenue to 1 tln rbl in 2025

MOSCOW, May 3 (PRIME) -- Russian grocery retailer Lenta plans to double its revenue to 1 trillion rubles in 2025, the company said in a report on Wednesday.

In 2022, the company’s revenue grew by 11% to 537.401 billion rubles.

“The main goals of the issuer is doubling revenue to 1 trillion rubles until 2025, maintaining the position of Russia’s most profitable public grocery retailer by earnings before interest, taxes, depreciation, and amortization, achieving the leading positions in the markets where Lenta had decided to compete, and ensure one of the highest levels of total shareholder return in the industry,” the company said.

(79.9609 rubles – U.S. $1)

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