OREANDA-NEWS. January 27, 2010. Eldorado saw weaker sales in 2009, but outpaced rival M.Video. Russian consumer electronics retailer Eldorado has regained a leadership status on the market, having outpaced rival M.Video. Eldorado’s revenue in 2009 came in at RUB 89 bn, including VAT, vs. RUB 83.3 bn for M.Video.

In 2008, Eldorado’s sales amounted to RUB 102 bn. Both companies overshot management’s guidance. M.Video expected a 5-10% decline in ruble-denominated sales, while the market fell at least 20% and Eldorado’s management projected the market to go down as much as 40%.