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Russia: Lenta sees sales and gross margin up in Q1 2021
Russian retailer Lenta has reported a 2.4% year-on-year growth in gross profit to RUB23.4bln (€260mln) in the first quarter of its financial year, with gross margin increasing 26 basis points year-on-year to 21.8%. EBITDA amounted to RUB6.7bln (€74mln) in this period, while the EBITDA margin was 6.2%.
Portuguese shoppers increase visits to supermarkets but buy less
Portuguese consumers made more visits to supermarkets since the start of 2021, but the value and size of the shopping basket has decreased compared to 2020. A market analysis by Kantar for Centromarca shows that Portuguese consumers made three more shopping trips during the second lockdown (starting on 15 January 2021) compared to the first lockdown (2 March to 31 December 2020).
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