Russia's X5 Retail Group has reported a year-on-year net retail sales growth of 15.3% in the first quarter of its financial year.
Growth was driven by a 5.0% increase in like-for-like sales and a 10.3% sales growth from a 15.1% rise in selling space.
Net retail sales for X5’s core formats Pyaterochka and Perekrestok grew by 16.3% and 20.3% year-on-year, respectively.
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