X5 Retail Group N.V. (GB:FIVE) has released an update.
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X5 Retail Group N.V. announced a significant year-on-year revenue growth of 27.3% for Q1 2024, attributed to a robust 14.8% increase in like-for-like sales and expansion of selling space. The company’s digital business also surged, with net sales up 81.7%, comprising 5.3% of the consolidated Q1 revenue. Despite increased logistics costs impacting gross margin, adjusted EBITDA margin improved by 48 basis points to 6.3%, and net profit margin rose by 96 basis points to 2.7%.
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