Annual Report 2022
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
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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
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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
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+759 Net store openings in 2022
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
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+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
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48 % The share of women in the Сompany’s management