Dixy Group Demonstrates 24.8% Retail Revenue Growth
OREANDA-NEWS. DIXY Group (RTS, MICEX: DIXY) - one of Russia’s leading retailers of foods and everyday products - announced retail revenue growth of 24.8% in Russian rubles (17.3% in USD) in April 2013, and retail revenue growth of 22.7% in Russian rubles (20.4% in USD) for the first four months of 2013.
For the first four months of 2013, DIXY Group Retail Revenue increased to RUR 56.5 bln (USD 1.8 bln) by 22.7% in RUR (20.4% in USD) year-on-year.
Please, note that our stores operated 2 days less for the first four months of 2013 compared to the same period of 2012:
• The stores were closed for New Year holiday on January 1, 2013, but were opened on January 1, 2012.
• The stores operated one day less in February 2013 compared to last year, as 2012 year was a leap year.
The two-day difference affected the Company’s retail revenue growth for the first four months by 1.7% year-on- year. Thus, the retail revenue growth for the first four months of 2013 adjusted for the two-day difference would be 24.4% year-on-year in rubles.
In April 2013, DIXY Group Retail Revenue increased to RUR 14.6 bln (USD 464.6 mln) by 24.8% in RUR (17.3% in USD) year-on-year.
• Retail revenue of DIXY neighborhood stores increased to RUR 11.2 bln (USD 356.7 mln) by 57.0% in RUR (47.7% in USD) in April 2013 compared to April 2012. The growth was driven mainly by DIXY chain strong organic expansion, and helped by re-branding of ex-Victoria neighborhood stores into DIXY banner throughout 2012.
• Retail revenue of Victoria Division decreased to RUR 2.1 bln (USD 67.7 mln) in April 2013 from RUR 3.5 bln (USD 117.8 mln) in April 2012. This decline was caused mainly by Victoria neighborhood stores transfer into DIXY banner in 2012, which led to the reduction of the neighborhood stores number in Victoria Division to 45 stores in April 2013 from 198 stores in April 2012. As a result, retail revenue from Victoria
neighborhood stores decreased year-on-year by 80.6% in RUR (81.7% in USD) to RUR 397.8 mln (USD 12.7 mln) in April 2013.
In April 2013, retail revenue from Victoria supermarkets amounted to RUR 1.6 bln (USD 52.6 mln), demonstrating 22.6% growth in RUR (15.3% in USD).
Retail revenue from cash&carry store CASH amounted to RUR 72.9 mln (USD 2.3 mln) in April 2013 compared to RUR 78.8 mln (USD 2.7 mln) in April 2012.
• Retail revenue of Megamart Division increased to RUR 1.3 bln (USD 40.2 mln) by 16.5% in RUR (9.5% in USD) year-on-year in April 2013. The growth was driven mainly by MegaMart compact hypermarkets retail revenue, which increased to RUR 1.0 bln (USD 31.3 mln) by 13.8% in RUR (7.1% in USD). MiniMart stores retail revenue increased to RUR 277.4 mln (USD 8.9 mln) by 26.8% in RUR (19.3% in USD).
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