Fix Price Group PLC: The number of net new Fix Price store openings in 2022 exceeds targets

“We are proud to announce that despite this year’s challenges and unpredictability we managed to stick to our plans and open more stores than expected. Every month, Fix Price launches over 60 stores across various regions. The Company maintains a high growth pace, driven by an efficient business model and single store format. Starting 2022, all new stores are equipped with manned as well as self-service checkouts to boost traffic and make shopping faster and more convenient. Next year, we are going to keep the momentum by opening at least 750 new stores (net) and creating several thousands of new jobs.”

Vladimir Pogonin, Store Management 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 30 September 2022, Fix Price was operating 5,462 stores in Russia and neighbouring countries, all 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 30 September 2022, the Company was operating 10 DCs covering 80 regions of Russia and 6 neighbouring countries.

In 2021, the Company recorded revenue of RUB 230.5 billion, EBITDA of RUB 44.2 billion and net profit of RUB 21.4 billion, in accordance with IFRS.

Contacts

Fix Price Investor Relations

Fix Price Media Relations

Elena Mironova

[email protected]

Ekaterina Charushina

[email protected]