OREANDA-NEWS. December 26, 2013. OJSC Rosinter Restaurants Holding (Rosinter), the leading casual dining restaurants chain in Russia and CIS (Moscow Exchange MICEX-RTS ticker: ROST), announced its unaudited financial results for 9M 2013 prepared in accordance with IFRS.

Kevin Todd, President and Chief Executive Officer, commented:

“Trading in 3Q was  below expectations for Rosinter as it was for the retail sector overall in Russia. I am pleased to report that 4Q including October and November reflects an improving top line dynamic for our restaurants. The improvement in sales is a consequence of our strong marketing plan in particular our IL Patio 20th anniversary campaign, focused menu and brand revitalization.

Brand revitalization is going according to plan and in 2014 we will now be in a position to start the process of revitalizing our existing stores as well as launching new developments with our new formats. We already have 5 test stores in operation and are pleased with the early results both qualitative and quantitative. Our focus on a stronger marketing foundation is being reinforced by our investment in additional training and certification for our store teams to ensure an enhanced guest experience.

Our development is delivering on plan. In 2013 we have opened already 27 restaurants out of which 15 stores in our transport hubs business, including our new entry into the Moscow Railway  infrastructure that is represented by 4 outlets in Kazansky, Belorussky and Paveletsky stations. These stores will be followed shortly by the opening of  6 outlets in Leningradsky and Paveltsky stations. We are also very excited by our first McDonald’s opened in the new international terminal of Pulkovo airport in St. Petersburg which is also the first McDonald’s in Russia’s airports.”

Full report see here:
http://www.rosinter.com/upload/contents/423//Financial%20Results%20Press%20Release%209M%202013%20ENG.pdf