OREANDA-NEWS. On 22 April 2008 was announced, that Dixy Group, one of the leaders of Russian food retail market, has declared 49% revenue growth in USD for January-March 2008 (a 37% growth in RUR).

Dixy Group overall revenue for January-March 2008 was 459 mln. USD, which is 49% higher than in the same period in 2007. In RUR, the amount was 11 143 mln. and is respectively 37% higher. Retail revenue of Megamart for January-March 2008 was 43 mln. USD (1042 mln. RUR), which is 79.5% higher year-over-year (65,3% in RUR) Retail revenue of Minimart for January-March 2008 was 16 mln. USD (392 mln. RUR), which is 83.7% higher year-over-year (69,3% in RUR)Retail revenue of V-Mart for January-March 2008 was 1.7 mln. USD (41.5 mln. RUR), which is 663.5% higher year-over-year (606,6% in RUR)

Like-For-Like Perfomance in 1st Quarter of 2007-2008

For purposes of internal reporting and planning, we include only those stores which were open twelve months before January 1, 2006 in the like-for-like store base, thus giving the stores time to achieve maturity. We view this calculation as the most conservative and prudent as it reflects the performance of the mature stores, which have been open for one calendar year or more. In order to compare results with those published by our peer group in Russia, we also present a dynamic like-for-like store base calculation. This store base includes stores that were opened before March 1, 2007. This calculation shows not only the performance of mature stores, but also the results of stores opened between January 1, 2006 and March 1, 2007, which are reaching maturity.