Lenta plans to increase revenue to 2.2 trillion rubles by 2028

Lenta network has presented its development strategy until 2028. Company plans to increase revenue to 2.2 trillion rubles mainly due to the organic growth of small formats and M&A transactions. Increase the EBITDA margin to 8%. Net Debt/EBITDA debt ratio is planned to remain at 1-1.5x. Share of capital expenditures will amount to 5.5% of revenue.