OREANDA-NEWS. November 15, 2012. OJSC Rosinter Restaurants Holding (Rosinter), the leading casual dining restaurant chain in Russia and CIS (Moscow Exchange MICEX-RTS ticker: ROST), announces its trade update for 3Q and 9M 2012, reported the press-centre of Rosinter.

The release is published at www.rosinter.com.

9M 2012 consolidated net operating revenue increased y-o-y by 3.4% to RUB 7,529 mln. Acquisition of the remaining 50% stake in JV with Whitbread Group on June 13, 2012 resulted in a consolidation of revenue of a number of Costa Coffee outlets that added 1% to net operating revenue.

Our casual dining chain grew to 386 restaurants with the net addition of 2 corporate and 5 franchised outlets during 3Q 2012.

Traffic of comparable stores in 3Q 2012 slowed its decline to 2.7% showing 1.7% improvement over 1H 2012, cumulatively YTD 4.0% traffic decline. Gross revenue reflected 1.6% YTD decline.

Kevin Todd, President and Chief Executive Officer, commented:
“In 3Q 2012 we observed small improvements in transactions. As a whole, consolidated net operating revenue increased by 6.1% which includes revenue consolidation of Costa Coffee business. In June 2012 Rosinter has acquired from Whitbread Group the remaining 50% stake in the joint venture and now operates the coffee-shop chain as a direct franchise. The company plan to launch Costa Coffee subfranchise that would provide more opportunities for current and potential franchisees. Following our strategic plan the Holding started its operations in two new transportation hubs: Tolmachevo international airport (Novosibirsk) and Paveletsky railway station (Moscow), where two corporate and two franchise restaurants were opened respectively.”