March 29, 2018 / 1:40 PM / 8 months ago

Russia's X5 Retail Group plans to add 2,500 new stores in 2018

FILE PHOTO - Mikhail Fridman, Chairman of Supervisory Board of Alfa Group Consortium and Member of Supervisory Board of Х5 Retail Group, applauds during a ceremony as Х5 Retail Group starts trading on Moscow Exchange in the city of Moscow, Russia February 1, 2018. REUTERS/Sergei Karpukhin

MOSCOW (Reuters) - Russia’s X5 Retail Group (PJPq.L) plans to open around 2,500 new stores this year, Chief Executive Igor Shekhterman said on a conference call on Thursday.

Shekhterman also said X5 Retail Group, Russia’s biggest food retailer by sales, will not provide any revenue or profitability guidance for 2018.

Reporting by Maria Kiselyova and Olga Sichkar; Editing by Andrey Ostroukh

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