Russian food retailer Dixy Group has reported a strong double-digit increase in sales for 2012, thanks to it acquisition of Victoria Group and new store openings.
Dixy reported yesterday (23 January) that net sales for the 12 months to the end of December rose by 43.8% versus 2011, to RUB147bn (US$4.7bn). The group was boosted by 380 net store openings during the year and its acquisition of Victoria Group in June.
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On a pro-forma basis, if Victoria Group sales for 2011 had been included in Dixy’s numbers, Dixy’s sales in 2012 would have risen by 21% in local currency.
On a like-for-like basis, Dixy’s same-store sales increase was a more restrained 7% for the year. Growth was split relatively evenly across most regions and business types.
In the fourth quarter, like-for-like sales rose by 8%, while consolidated group net sales rose by 19% on the same period of the previous year, to RUB15.6bn.
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By GlobalData
