“Fix Price continues its active expansion in Russia. It is our third large distribution centre in the Moscow Region, which will contribute to the chain's robust growth in both central and southern Russia.

The new economic realities of 2022 challenged our choice of DC equipment, so we had to source it from Chinese suppliers instead of European ones, which thankfully did not affect the project's opening date and economics. We are happy to continue expanding our logistics infrastructure to effectively serve our stores and, accordingly, our customers.”

Oleg Shtainagel, Logistics Department Director at Fix Price.

About the Company

Fix Price (LSE and MOEX: FIXP), one of the leading variety value retailers globally and the largest in Russia, has helped its customers save money every day since 2007. Fix Price offers shoppers a unique and constantly refreshed product assortment of non-food goods, personal care and household products and food items at low fixed price points.

As of 31 December 2022, Fix Price was operating 5,663 stores in Russia and neighbouring countries, each of them stocking approximately 2,000 SKUs across around 20 product categories. As well as its own private brands, Fix Price sells products from leading global names and smaller local suppliers. As of 31 December 2022, the Company was operating 10 DCs covering 80 regions of Russia and 6 neighbouring countries.

In 2022, the Company recorded revenue of RUB 277.6 billion, EBITDA of RUB 54.2 billion and net profit of RUB 21.4 billion, in accordance with IFRS.

Contacts

Fix Price Investor Relations

Fix Price Media Relations

Elena Mironova

Ekaterina Goncharova