RUSSIA: Retailer Dixy H1 sales surge
- Dixy H1 sales up 89.5%
- Pro-forma sales, adjusted for the Victoria acquisition, up 20.7%
- FY sales guidance of 20-25% growth
Russian retailer Dixy has booked an 89.5% jump in first-half sales, which were boosted by its merger with local rival Victoria Group and store openings.
In a statement released today (25 July), the company said first-half sales rose to RUB70.9bn (US$2.16bn). Dixy acquired Victoria last June.
On a pro-forma basis, including Victoria's results from the start of 2011, sales increased 20.7%, the company said.
First-half like-for-like sales rose by 4.49%. This increase was driven by a 5.04% increase in basket size, which more than offset a 0.52% decrease in traffic.
Looking to the full year, Dixy said that pro-forma sales - which are adjusted to take into account the Victoria acquisition - are expected to grow by 20-25%.
DIXY GROUP DEMONSTRATES
89.5% CONSOLIDATED REVENUE GROWTH IN RUSSIAN RUBLES
FOR THE FIRST SIX MONTHS OF 2012
Moscow, Russian Federation, 25 July, 2012
DIXY Group (RTS, MICEX: DIXY) - one of Russia's leading retailers of foods and everyday products - today announced consolidated revenue growth of 89.5% in RUR (77.1% in USD) for the first six months of 2012 compared to the same period last year, and consolidated revenue growth by 88.1% in Russian rubles (60.0% in US dollars) for June 2012.
For the first six months of 2012 the DIXY Group opened 184 stores, and, as of June 30, 2012, had 1,276 stores under operation, including 1,222 neighborhood stores, 35 supermarkets, 18 compact hypermarkets and 1 cash & carry store.
DIXY Group Total Consolidated Revenue
DIXY Group total consolidated revenue (including Victoria Group revenue from the acquisition date of June 15, 2011) increased to 70.9 billion RUR (2.3 billion USD) by 89.5% in RUR (77.1% in USD) for the first six months of 2012 compared to the same period last year. In June 2012, DIXY Group total consolidated revenue increased to 12.1 billion RUR (366.9 million USD) by 88.1% in RUR (60.0% in USD) year-on-year.
DIXY Group Total Pro-forma Revenue
DIXY Group total revenue for the first six months of 2012 increased by 20.7% in RUR (12.8% in USD) year-on-year on pro-forma basis (including Victoria Group revenue from the beginning of FY2011). In June 2012, DIXY Group total revenue increased by 22.2% in RUR (3.9% in USD) year-on-year on pro-forma basis.
Original source: Dixy
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