Earnings Report /
Russia

X5 Retail Group: 2Q21 IFRS results – Moderately positive

  • The pre-LTI EBITDA margin was seasonally strong at 8.3%, declining just 0.2pp from the record-breaking level of 2Q20

  • 2Q21 net income declined 1% y/y to RUB16.1bn (but still 3-7% ahead of expectations)

  • The company generated RUB12.6bn FCF in 2Q21

Evgeniy Kipnis
Evgeniy Kipnis

Senior Banking/Consumer Analyst

Alfa
12 August 2021
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