"We, as a management team, would not be satisfied with any sales growth below 11 percent," Stephan DuCharme said on a conference call with analysts.
He also said X5 could sustain a margin on the basis of earnings before interest, taxation, depreciation and amortisation of 7 percent in 2013 and planned to spend up to 30 billion roubles ($976 million) on capital expenditures.
Sales growth at X5, which has been struggling with operations issues after a strategy change in 2011, slowed to 2.2 percent in dollar terms last year, when revenue reached $15.8 billion, compared to 37 percent in 2011.
