St. Petersburg, Russia; 26 September 2019– Lenta (LSE, MOEX: LNTA), one of the largest retail chains in Russia, is the only food retailer in the 2019 Top 20 list of Russia’s most reputable companies compiled by the Reputation Institute (RI). Featured in Forbes, the ranking put Lenta in the 13th place.
The Reputation Institute conducted its study among the 50 largest and well-known Russian companies in Q2 2019, with data gathered from 2,500 respondents. The ranking companies scored between 0 and 100 points and were grouped as Excellent (80+), Strong (70–79), Average (60–69), Weak (40–59) or Poor (below 40). Domodedovo Airport, Yandex and Sheremetyevo topped the ranking of Russia’s most reputable companies, with Lenta, at 13th place, the only food retailer in the Top 20.
“We are passionate about our reputation and do everything we can to build long-lasting relationships with all our counterparties. To achieve this, we make adjustments to our product ranges to meet the changing needs of our customers, and focus on product quality control while striving to maintain affordable prices. We see our inclusion in the Forbes ranking of the most reputable companies as a rewarding and exciting outcome of the efforts by our entire team. The levels of loyalty of our customers and partners have been stable for years, which for us means that we are on the right track. We will do our best to maintain high level of our performance and improve in areas that require it.” said Herman Tinga, Lenta CEO” said Herman Tinga, Lenta CEO
Lenta is the largest hypermarket chain in Russia and the country’s fourth largest retail chain. The Company was founded in 1993 in St. Petersburg. Lenta operates 246 hypermarkets in 88 cities across Russia and 129 supermarkets in Moscow, St. Petersburg, and the Siberia, Urals and Central regions, with a total of approximately 1,471,509 sq.m. of selling space. The average Lenta hypermarket store has selling space of approximately 5,500 sq.m. The average Lenta supermarket store has selling space of approximately 800 sq.m. The Company operates 12 distribution centers.
The Company’s price-led hypermarket formats are differentiated in terms of their promotion and pricing strategies as well as their local product assortment. The Company employed approximately 50,509 people as of 30 June 20191.
The Company’s management team combines a mix of local knowledge and international expertise coupled with extensive operational experience in Russia. Lenta’s largest shareholders include Severgroup, which is committed to maintaining high standards of corporate governance. Lenta is listed on the London Stock Exchange and on the Moscow Exchange and trades under the ticker: ‘LNTA’
A brief video summary on Lenta’s business and its Big Data initiative can be seen here.
For further information please visit www.lentainvestor.com, or contact:
Tel: +7 812 380-61-31 ext.: 1892
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1FTE (full-time equivalent). Average FTE for 1H2019 was 51,470 employees