OREANDA-NEWS. January 8, 2010. Dixy Group – one of the leading food retailers in the Russian Federation - has announced revenue growth of 13% in Russian ruble (-13% in US dollar terms) for the first eleven months of 2009 ended 30 of November, 2009 over the same period in 2008.1,2

Dixy Group’s total revenue for the first eleven months of 2009 was RUR 48 513 million, a 12.7% increase compared to RUR 43 063 million for the same period in 2008.3 In USD terms revenue totalled 1521.3 million, a 13.3% decrease from the USD 1 754.0 million for the same period in 2008.

Retail revenue from Dixy operations for the period amounted to RUR 40 512 million (USD 1 270,4 million), which represents a 11.2% increase in RUR (14.4% decline in USD) over the same period last year.

Retail revenue from Megamart operations for the first eleven months of 2009 amounted to RUR 5 522 million (USD 173.2 million), which represents a 24.9% increase in RUR (3.8% decline in USD) over the same period last year.

Retail revenue from Minimart operations for the first eleven months of 2009 amounted to RUR 1 797 million (USD 56.4 million), which represents a 14.4% increase in RUR (11.9% decline in USD) over the same period last year.

Retail revenue from VMart operations for the first eleven months of 2009 was RUR 68 million (USD 2.1 million).

Revenue from other activities, such as marketing revenue, sublease income and wholesale revenue amounted to RUR 613 million (USD 19.2 million).

The following exchange rates were used for converting Russian Rubles to US dollars:

Exchange Rate according to CBR4

2008

2009

 

Average (11 months), RUR/USD

24.55

31.89

 

Key operating and financial data for the eleven months ended November 30, 2009

 

At the end of

Number of stores

Net Selling space (sq.m.)

30 November 2009

527

203 100

30 November 2008

455

177 290

Growth

16% 15%

For the 11-month period ending

Revenue (mln. RUR)

Revenue (mln. USD)

Store openings

Dixy

Megamart

Minimart

VMart

30 November 2009

48 513

1 521

58

56

2

0

0

30 November 2008

43 063

1 754

73

63

3

1

6

Growth

13%

-13%

1 Revenue figures are based on internal management reports and have not been audited.

2 All revenue figures provided in this press release do not include VAT.

3 Total revenue includes retail revenue and other revenue, which consists of income from subleases and marketing revenue.

4 Exchange rate is an average rate for the period calculated using official daily rate of Central Bank of Russia.