Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

X5 Retail Group Losing Edge to Magnit
18.01.2013 08:20
X5 Retail Group Losing Edge to Magnit
Photo Credit: http://maria-speaks-russian.blogspot.ru

X5 Retail Group is losing its edge on the Russian FMCG market as its full-year earnings were lower than the target figures.


      
According to preliminary 2012 data, its earnings will total 490 billlion roubles while Magnit, its main competitor, posted a 34 percent growth and a total of 448.5 billion roubles in revenue.

      
Analysts have linked the decline in earnings with a wave of staff reshuffles that have plagued the company over past several years.

      
As a result of both factors, the flagship retailer’s shares plunged from record $48 to $17.7. 

      
Magnit is set to take over as early as in first quarter of 2013, says Natalya Zagvozdina, equity research analyst at Renaissance Capital. 



Author: Mikhail Vesely

Tags: X5 Retail Group Magnit Russian FMCG market Russian business  

Next Previous


You might also find interesting:

Registration Procedure for Foreign Workers in Russia has been Changed
04.08.2018
Aeroflot has Once Again Become the Most Recognizable Aviation Brand in the World
10.05.2018
Russian National Standard for the Development of Mobile Applications
31.07.2018
Akashevo Holding Company is Interested in the Purchase of Belaya Ptitsa
02.05.2018
Rambler.ru Noticed the Growth of EBITDA by 56 Percent
28.02.2018







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

-8

search on the map
TAGS:
Archeological Finds  Robots  Mechel   Navalny  Gzhel Ceramics  Russian Cinema  Nonconformism  Moscow  Krasnodar Territory  Alexey Nikishin  Samara Taxi  Olympics 2012  Kostroma region  Comics  Concerts in Saint Petersburg  TV-Centr  IT  Russian Rock Music  Sergei Bodrov  Business Center  Murmansk Region  Russian tourists  Elbrus  Russian Literature  Russian shops  Ice-cream Shops   Russian art  Sochi Games   Archeology  St. Petersburg  Alisher Usmanov  Pussy Riot  Moscow monuments  Festival "Now & After"  wedding  Mercedes-Benz Fashion Week Russia  Urals  Frauds  Sochi 2014  tourist cluster   Newborn  Russian business  Krasnodar  Gennady Troshkov  Walking Accessibility  Russian history  Exhibitions in Moscow  Andrei Lazarchuk  Russian tourism  Russian exhibition 


Travel Blogs
Top Traveling Sites