Rosinter Restaurants Holding Announced Its Guidance for 2008
OREANDA-NEWS. On 09 June 2008 OJSC Rosinter Restaurants Holding (Rosinter), the leading Casual Dining Restaurants Chain in Russia and CIS operating 262 restaurants in 9 countries and 29 cities (as of May 14 2008), announced its guidance for 2008.
The company targets 39% count growth to 322 restaurants, 46 % to 49 % revenue growth to MUS\\$390 to MUS\\$400 and a SSSG of 20% in US\\$ for 2008. Comparable figures for 2007 are 33% count growth, 23% revenue growth and 13.5% SSSG in US\\$. The 90 planned net openings include 27 additional franchised restaurants.
The company maintains its objectives of accelerating the expansion of its coverage in Russia, CIS and Europe, of increasing its presence in transportation facilities, trade centres and Moscow residential areas, as well as developing new formats of its brands for high traffic locations. In 2008, coverage has already been expanded to Poland, to two new cities in Kazakhstan, to Rostov-on-Don in South Russia and to Ulyanovsk in Central Russia - the first of many forthcoming Regional cities that are being developed by our franchisees.
Our accelerated development will include in 2008 the rollout of 1-2-3 cafй, our Russian cuisine brand which has completed its test phase, in addition to our core brands IL Patio, Planet Sushi and T.G.I. Friday’s and to Costa Coffee which is managed through our Joint Venture with Whitbread Plc
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