Russian grocery operator X5 Retail Group has reported low preliminary revenue growth for Q4 2012 as well as for its full year.
Revenue grew by 8.6% to RUB133.88 billion (USD4.27 billion) in Q4 2012. X5's revenue in 2012 amounted to RUB490.09 billion (USD15.63 billion), an increase of only 8.3% compared to 32% in 2011. The retailer opened 800 stores during the fiscal year.
