The revenue of Russia's largest food retailer X5 Group's digital businesses in 2021 grew by 140%, reaching RUB 47.9 billion, according to the company's financial results. This figure for the fourth quarter of last year amounted to 16.2 billion rubles. At the same time, the company's net retail sales increased by 11.4% over the past year.
The largest growth in the share of the group's digital businesses in consolidated revenue was observed in Moscow and the Moscow region. In the fourth quarter of 2021, the figure reached 4.7%, compared with an average value of 2.4% contribution to X5 Group's consolidated revenue.
In the summer of 2021, X5 Group separated the online business into a separate structure, which included the Perekrestok Vprok online hypermarket, Okolo and express delivery services.
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