Fix Price Group PLC 2022 Annual Report

ABOUT THE COMPANY

Absolute leadership in variety value retail market in Russia

Fix Price Group is the largest variety value retailer in Russia with almost 5,700 stores and RUB 277.6 billion revenue for 2022. The Company provides an affordable and attractive shopping destination, offering a broad range of essential and unique products at several fixed price points

rub 277.6 billion revenue in 2022

Strategic Report

Years of solid profitability performance

Fix Price’s key strategic pillars are the leading position on the Russian VVR market, top team with strong industry expertise, unique customer value proposition, operational excellence, substantial growth potential and best-in-class financial KPIs

19.5 % EBITDA margin

Business Overview

Underpinning strength and market leadership

Fix Price has underpinned its strength and leadership in Russian variety value retail in 2022, massively expanding operations across Russia and neighbouring countries. The total number of Fix Price stores grew by 759 in 2022 to 5,663 outlets. We increased revenue by 20.5% and posted a record EBITDA margin of 19.5%, exceeding the guidance we gave during our 2021 IPO

+759 Net store openings in 2022

Sustainability

Committed to responsible business practices

Since its inception, Fix Price has been committed to responsible business practices, and we have made great progress on building ESG awareness among our employees and stakeholders

+45 % y-o-y Increase in the total amount of waste sent for recycling in 2022

Corporate Governance

Continually enhancing Corporate Governance practices

Fix Price Group PLC commands an efficient corporate governance framework and continues to enhance it in accordance with the best practices. The Company ensures the protection of shareholders’ and other stakeholders’ rights

48 % The share of women in the Сompany’s management