OREANDA-NEWS. June 9, 2012. DIXY Group (RTS, MICEX: DIXY) - one of Russia's leading retailers of foods and everyday products - announces unaudited consolidated IFRS results for the first quarter of 2012.

Key Results of the Full Year and the First Quarter of 2012

•           During the first quarter of 2012, the combined Company opened 56 new stores, having increased pro-forma selling space (including Victoria Group from June, 15 2011) by 18% year-on-year, while DIXY Group standalone selling space increased by 30% year-on-year. New stores were opened in the Central and Northwest Federal Districts.

•           Consolidated Revenue for the first quarter 2012 increased by 93.1% (87% in USD) year- on-year to RUR 34.7 bln (USD 1.1 bln).

•           Consolidated Gross Profit for the first quarter increased by 122.0% (115% in USD) to RUR 9.6 bln (USD 317 mln), while Gross Margin increased by 360 bp year-on-year to 27.6% of sales compared to 24.0% for the same period last year.

•           Consolidated EBITDA for the first quarter increased by 111.9% (105% in USD) year-on- year to RUR to 2.1 bln (USD 70 mln), while EBITDA margin increased by 50 bp to the level of 6.1% of sales from 5.6% for the same period last year.

•           Consolidated Net Profit for the first quarter increased by 116.6% (110% in USD) and amounted to RUR 356 mln (USD 12 mln). Net Margin increased by 10 bp to 1.0% of sales compared to 0.9% for the same period last year.

•           Consolidated Net Cash from Operating Activities for the first quarter increased by 5.6% (2% in USD) over the same period last year to RUR 718 mln (USD 24 mln).

As of March, 31, 2012, the Company operated 1,168 stores.

In the first quarter of 2012 DIXY Group continued to implement marketing initiatives on optimization of assortment and floor space, improvement of external and internal design of stores and their clearer positioning, as well as on improvement of customer service and

marketing communications. DIXY Group focuses on the consumer and offers the cheapest basket in "neighborhoods". DIXY Group has weekly offers and pays specific attention to each of the regions. These efforts have led to a 4.4% increase in like-for-like sales for the core DIXY format, and to a 4.7% increase in average ticket (with the highest like-for-like sales growth of 7.3% in the Urals Federal District).

The efficiency of the promotional activities was made possible also by means of increased levels of centralization of deliveries (rate of deliveries through own distribution centers) and logistical service (success of delivery rate) with DIXY format centralization rate at 85% in the first quarter of 2012, and general logistics service level reaching 90% in March 2012.