Earnings Report /

X5 Retail Group: 4Q20 trading update – Moderately positive

  • X5 reported its 4Q20 trading update. Retail sales grew 12.7% y/y in Q4, expectedly slowing down vs 15.4% y/y in 3Q20

  • 2020 revenue grew 14.2% y/y, which is slightly above our and consensus estimates of 14-14.1% y/y growth

  • Online formats continued to show strong dynamics

Evgeniy Kipnis
Evgeniy Kipnis

Senior Banking/Consumer Analyst

Olesya Vorobyeva
Olesya Vorobyeva

Analyst, TMT, Agro and Retail

22 January 2021
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