Russian retailer X5 unveils new 2025 outlook, expects adjusted EBITDA margin of 5.8%-6%

MOSCOW. Sept. 30 (Interfax) - X5 (MOEX: X5) has updated guidance for several financial indicators in 2025, and unveiled an adjusted EBITDA margin outlook.

The Russian food retailer is expecting an adjusted EBITDA margin of 5.8%-6% in 2025.

It said guidance had been updated due to "the cooling of the Russian economy seen this year, a significant slowdown in demand in the food retail market and continued pressure on profit margins."

The company initially forecast an EBITDA margin of at least 6% in 2025.

Revenue is still expected to grow by around 20%.

"As part of our current business strategy, the company continues to invest in expanding retail space in the convenience store and hard discounter segments, which are most in demand in the current economic environment, as well as in developing and improving the quality of its delivery service," the company said.

X5 boosted revenue 24.2% to 3.9 trillion rubles in 2024. The adjusted EBITDA margin was 6.6%, while the EBITDA margin was 6.4%.