OREANDA-NEWS. November 29, 2007. Dixy Group – one of the leaders of Russian food retail market has declared a 42% revenue growth for 10 months 2007 (a 34% in RUB). 
 
Dixy Group overall revenue for 10 months 2007 has reached $1, 120 mill, which is 42% higher that in the same period in 2006. In RUB the amount was 28 873 mln and is 34% higher, respectively. 
 
Retail revenue of Megamart for 10 months 2007 was 91 mln USD (2 339 mil RUB), which is 30% higher than in the same period last year (23% in RUB). 
 
Retail revenue of Minimart for 10 months 2007 was 35 mln USD (904 mil RUB), which is 182% higher than in the same period last year (166% in RUB). 
 
Key operational and financial data for 10 months of October are as follows:  

Overall q-ty of stores - 368 (Growth 24%)
Store openings - 45
Dixy - 41
Megamart - 3
Minimart - 1
Overall trade area, m2 - 960 (Growth 28%)
Overall revenue RUB - 28 873 mln (Growth 34%)
Overall revenue USD 1, 120 mln (Growth 42%)
 
Fedor Rybasov, Executive Director of Dixy Group, noted: 
 
"In October we have shown sales growth at 42 %, mainly due to continuing stable growth of Like-for-like sales and excellent results of new stores performance, which were opened in the last 4 quarters. It compensates some decrease in the trade areas growth, which is due to planned delay of some store openings in November-December 2007. We plan to keep all these positive trends what will allow us to achieve our 2007 target revenue."