X5 Group will refuse to pay dividends for 2023 – Kommersant
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The supervisory board of the retailer X5 Group (Pyaterochka, Perekrestok, Chizhik) decided not to pay dividends to shareholders based on the results of 2023, the company reports (.pdf). The company also did not pay dividends for 2021 and 2022.
“Due to restrictions that prevent X5 from transferring funds from Russian subsidiaries to the Dutch parent company, the Supervisory Board will not declare dividends for 2023,” X5 Group said in its 2023 financial statements.
Amid reports of non-payment of dividends, the company’s receipts decreased by 3.7% to RUB 2,765. a piece.
The document also states that the company’s revenue over the past year increased by 20.8%, to 3.1 trillion rubles. Net profit for 2023 increased to RUB 90.2 billion. compared to RUB 52.2 billion. for 2022. Total debt decreased by 2.7% and amounted to RUB 228.2 billion. Gross margin was 24.1%.
Read more about the company in the Kommersant FM article. “X5 Group reserves the brand”.
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