Dixy Group Announces 15.2% Revenue Growth for 1H
OREANDA-NEWS. July 30, 2010. Dixy Group – one of the leading food retailers in the
Dixy Group’s total revenue for the first six months of 2010 amounted to RUR 30,829 million, representing a 15.2% increase over RUR 26,751 million for the same period of
Retail revenue from Dixy for the first six months of 2010 amounted to RUR 25,985 million (USD 864.2 million), which represents a 16.2% growth in RUR (27.8% in USD) over the same period of 2009 result.
Retail revenue from Megamart for the first six months of 2010 amounted to RUR 3,448 million (USD 114.6 million), which represents a 15.2% growth in RUR (26.7% in USD) over the same period of 2009 result.
Retail revenue from Minimart for the first six months of 2010 amounted to RUR 1,060 million (USD 35.3 million), which represents a 7% growth in RUR (17.7% in USD) over the same period of 2009 result.
Revenue from other activities, such as marketing revenue, sublease income and wholesale revenue amounted to RUR 336 million (USD 11.2 million).
The following exchange rates were used for converting Russian Rubles to US dollars:
Exchange Rate according to CBR4 |
2009 |
2010 |
Average (6 months), RUR/USD |
33.0679 |
30.0676 |
Key operating and financial data for the six month period ended June 30, 2010
As of |
30 June 2010 |
30 June 2009 |
Growth |
Number of stores |
5715 |
4886 |
17% |
Net Selling space (sq.m.) |
212,842 |
191,916 |
11% |
For the six month |
|
|
|
period ending |
30 June 2010 |
30 June 2009 |
Growth |
Revenue (RUR) |
30,829 million |
26,751 million |
15.2% |
Revenue (USD) |
1.025 million |
809 million |
26.7% |
Store openings |
41 |
16 |
256% |
Dixy |
41 |
16 |
256% |
Megamart |
0 |
0 |
- |
Minimart |
0 |
0 |
- |
LFL Sales in RUR for 1H 2010
For purposes of internal reporting and planning we include in like-for-like store base only stores which were opened twelve months before the beginning of the start of the comparison period 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. We include in this base stores opened before 01.01.08
For the purposes of comparison of our results with those published by our peers in
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
5 During the period from 1 January 2009 to 30 June 2009 there were 7 Dixy stores and 12 VMart stores closed.
6 During the period from 1 January 2010 to 30 June 2010 there were 7 Dixy stores closed.
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