OREANDA-NEWS. December 08, 2009. Dixy Group – one of the leading food retailers in the Russian Federation - has announced revenue growth of 14% in Russian ruble (-14% in US dollar terms) for the first ten months of 2009 ended 31 of October, 2009 over the same period in 2008.1,2

Dixy Group’s total revenue for the first ten months of 2009 was RUR 44 055 million, a 14% increase compared to RUR 38 769 million for the first ten months of 2008.3 In USD terms revenue totalled 1 369.2 million, a 14.2% decrease compared to USD 1 596.7 million for the same period in 2008.

Retail revenue from Dixy operations for the first ten months of 2009 was RUR 36 794 million (USD 1 143.6 million), which represents a 12.0% increase in RUR (15.5% decline in USD) over the same period last year.

Retail revenue from Megamart operations for the first ten months of 2009 was RUR 5 005 million (USD 155.5 million), which represents a 27.0% increase in RUR (4.2% decline in USD) over the same period last year.

Retail revenue from Minimart operations for the first ten months of 2009 was RUR 1 638 million (USD 50.9 million), which represents a 16.4 % increase in RUR (12.2% decline in USD) over the same period last year.

Retail revenue from VMart operations for the first ten months of 2009 was RUR 68 million (USD 2.1 million).

Revenue from other activities, such as marketing revenue, sublease income and wholesale revenue amounted to RUR 549 million (USD 17.1 million).

The following exchange rates were used for converting Russian Rubles to US dollars:

Exchange Rate according to CBR4

2008

2009

Average (10 months), RUR/USD

24.28

32.18

Key operating and financial data for the ten months ended October 31, 2009

 

At the end of

31 October 2009    31 October 2008

Growth

Number of stores

5185                                 4396

18%

Net Selling space (sq.m.)

200 988                 172 211

17%

For the 10-month period ending

31 October 2009    31 October 2008

Growth

Revenue (mln. RUR)

44 055                   38 769

14%

Revenue (mln. USD)

1 369                     1 597

-14%

Store openings

48                         51

 

Dixy

47                         41

 

Megamart

1                           3

 

Minimart

0                           1

 

VMart

0                           6

 

1 Revenue figures are based on internal management reports and have not been audited.

2 All revenue figures provided in this press release do not include VAT.

3 Total revenue includes retail revenue and other revenue, which consists of income from subleases and marketing revenue.

4 Exchange rate is an average rate for the period calculated using official daily rate of Central Bank of Russia.