OREANDA-NEWS. DIXY Group (RTS, MICEX: DIXY) - one of Russia’s leading retailers of foods and everyday products - today announced consolidated retail revenue growth of 22.1% in Russian rubles (27.2% in USD) for January 2013.

In January 2013, DIXY Group retail revenue increased to RUR 13.2 billion (437.4 million USD) by 22.1% in RUR (27.2% in USD) year-on-year.

• Retail revenue of DIXY neighborhood stores increased to RUR 10.1 billion (USD 333.7 million) by 53.3% in RUR (59.7% in USD) in January 2013 compared to January 2012. The growth was driven mainly by DIXY chain strong organic expansion, and helped by re-branding of ex-Victoria neighborhood stores into DIXY banner in 2012.

• Retail revenue of Victoria Division decreased to RUR 2.0 billion (USD 66.4 million) in January 2013 from RUR 3.3 billion (USD 104.3 million) in January 2012. This decline was caused mainly by Victoria neighborhood stores transfer into DIXY banner in 2012, which led to the reduction of the neighborhood stores number in Victoria Division to 45 stores in January 2013 from 201 stores in January 2012. As a result, retail revenue from Victoria neighborhood stores decreased year-on-year by 79.6% in RUR (78.8% in USD) to RUR 403.1 million (USD 13.3 million).

Retail revenue from Victoria supermarkets amounted to RUR 1.5 billion (USD 50.9 million), demonstrating a 24.3% growth in RUR (29.5% in USD).

Retail revenue from cash&carry store CASH amounted to RUR 66.5 million (USD 2.2 million) in January 2013 compared to RUR 68.1 million (USD 2.2 million) in January 2012.

• Retail revenue of Megamart Division increased to RUR 1.1 billion (USD 37.3 million) by 16.7% in RUR (21.6% in USD). The growth was driven mainly by MegaMart compact hypermarkets retail revenue, which increased to RUR 882.8 million (USD 29.2 million) by 14.8% in RUR (19.6% in USD). MiniMart stores retail revenue increased to 247.2 million rubles (8.2 million USD) by 24.1% in RUR (29.2% in USD).

DIXY Group Retail Revenue by Division, year-on-year

in RUR thousand

Jan 2013

Jan 2012

DIXY Division

10,096,607

6,586,782

53.3%

DIXY neighborhood stores

10,096,607

6,586,782

53.3%

Victoria Division

2,008,658

3,285,972

(38.9)%

Supermarkets

1,539,109

1,238,335

24.3%

Neighborhood stores

403,090

1,979,525

(79.6)%

CASH

66,459

68,112

(2.4)%

Megamart Division

1,130,003

968,315

16.7%

MegaMart

882,796

769,050

14.8%

MiniMart

247,207

199,265

24.1%

DIXY GROUP TOTAL

13,235,268

10,841,069

22.1%

in USD thousand

Jan 2013

Jan 2012

 

DIXY Division

333,684

208,997

59.7%

DIXY neighborhood stores

333,684

208,997

59.7%

Victoria Division

66,384

104,263

(36.3)%

Supermarkets

50,866

39,292

29.5%

Neighborhood stores

13,322

62,810

(78.8)%

CASH

2,196

2,161

1.6%

Megamart Division

37,346

30,724

21.6%

MegaMart

29,176

24,402

19.6%

MiniMart

8,170

6,322

29.2%

DIXY GROUP TOTAL

437,414

343,984

27.2%

Revenue Disclosure Annotations:

• Retail revenue numbers disclosed in the press-release are based on internal management reports and have not been audited.

• Retail revenue numbers do not include VAT.

• Retail revenue numbers do not include retail other revenues from subleases and wholesale revenues.

• The following official exchange rates of the Central Bank of Russian Federation were used to convert Russian Rubles to US dollars:

2012

2013

Average January, RUR/USD

31.5162

30.2580