OREANDA-NEWS. DIXY Group (MOEX: DIXY) - one of Russia's leading retailers of foods and everyday products - today announced unaudited IFRS results for the first quarter of 2015. Key highlights for the first quarter of 2015:

In the first quarter of 2015, the Company opened 143 stores on net basis. As of March 31, 2015, the Company operated 2,338 stores in Central, North-West, Volga and Urals federal districts of Russia.

Selling Space increased by 26% year-on-year to 787,994 sq. m as of March 31, 2015.

Revenue increased by 27.6% (declined by 28.2% in USD) year-on-year to RUB 63.6 bln (USD 1.0 bln) in the first quarter of 2015.

Gross Profit grew by 18.5% (declined by 33.4% in USD) year-on-year to RUB 18.2 bln (USD 292.4 mln) in the first quarter of 2015. Gross Margin decreased by 220 basis points year-on-year to 28.6% in the first quarter of 2015.

EBITDA decreased by 13.1% (51.2% in USD) year-on-year to RUB 2.8 bln (USD 45.2 mln) in the first quarter of 2015. EBITDA Margin decreased by 210 basis point year-on-year to 4.4% in the first quarter of 2015.

Net Loss amounted to RUB 140.1 mln (USD 2.3 mln) in the first quarter of 2015.

In the first quarter of 2015, the Company opened 143 stores net and increased its selling space by 26% year-on-year. In the end of March 2015, DIXY intensified ticket and traffic driving promotional activity and price investments. The Company demonstrated 11.7% like-for-like sales growth on Group level in the first quarter of 2015.

The Company continued to develop its own brands. In the first quarter of 2015, 89 new private label products were launched, and the total number of goods under private labels reached 520 SKUs.