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Proceeds of "Dixy" for January-May grew up 48 up to $799 mln
"AK&M" 20/06/2008
The proceeds the group of companies "Dixy" for January-May, 2008 grew up 48% to $799mln. It is spoken about in the report of the company.
In the Russian currency the proceeds made 19.188bln rbl., that is 36% more than in the similar parameter of 2007.
The proceeds from retail operations of shops "Megamart" made $75.8mln (1.821mln rbl.), that 84.3% exceed the similar parameter of the last year (growth in rubles made - 69.4%).
The proceeds from retail operations of shops "Minimart" grew up 83.5% to $28.5mln (or up 68.7% to 683.5mln rbl.).
The proceeds from retail operations of shops VMart grown in 5.14 times up to $3.2mln (in ruble expression - in 4.72 times up to 76.4mln rbl.) .
The group of companies "Dixy" - one of the leading Russian companies - is engaged in retail trade of food stuffs and goods of daily demand. It develops retail networks of shops. The first shop of the network "Dixy" is opened in 1998. For the end of March of the current year the network included 393 shops.
We shall remind, in May, 2007 the operating company of the group - OJSC "Dixy Group" - during IPO funded $360mln, having placed 24.999mln shares at the rate of $14.4 for a share. In the beginning of February GC "Mercury" bought 50.96% of shares of OJSC "Dixy Group". Earlier the basic shareholder of the group was its president Oleg Leonov.
The net profit of the group of companies "Dixy", according to the non-audited reporting under IFAS for 2007, grew up 86.2% to more than $16mln. The pure proceeds grew up 43.7% and reached $1.43bln, the total profit - up 64.5% to $346mln, the total margin made 24.1%.
Rebranding Puts Russian Firms on World Stage
28 April 2008, By Tai Adelaja / Staff Writer
While Russian brands remain less recognized on a global scale than their Western and Chinese counterparts, names such as MTS, LUKoil and Baltika have started to ring a bell on the international stage.
Last week, marketing analysis firm Millward Brown released its third annual Brandz 100 ranking. MTS, Russia's top mobile phone operator, was ranked 89th, making it the first and only Russian brand to appear in the top 100. LUKoil came in eighth on the list of the top 10 international motor fuel brands and Baltika beer was ranked 15th out of the top 20 beer brands worldwide. <...>
Fresh on the heels of an initial public offering in May, Dixy, a leading retailer of foodstuffs and household supplies, was eager to plow part of the $360 million it recouped into a rebranding campaign, even if the company's idea of rebranding was hazy at best.
Dixy evolved from three regional points of growth -- Moscow in the central region, St. Petersburg in the northwest and Yekaterinburg in the Urals --and has been using a different brand to promote its image in different regions. The company presently sports a bright red logo in the Urals, a yellow one in the central region and a blue one in the northwest.
"Our marketing experts were working to bring all our company symbols to a new, unified standard," said Yaroslav Grekov, Dixy's head of public relations. "This, of course, means that in some regions we will be rebranding our stores and in other regions, we won't."
Dixy Group posts higher Q1 revenue
RBC, 21.04.2008, Moscow 14:54:35. Dixy Group's revenue grew 37 percent, or 49 percent in dollar terms, to RUB 11.143bn (USD 459m) in the first quarter of 2008 compared to the same period a year earlier, the Russian food retail chain told RBC today. The group opened six new stores, and their total number amounted to 393 as of April 1. Sales revenue of Dixy Group's retail chain Megamart surged 79.5 percent to USD 43m. Sales revenue of Minimart, another Dixy Group's chain, surged 83.7 percent to USD 16m.
Russian retailer Dixy to pass on 2007 dividend
MOSCOW, April 8 (Reuters) - Russian retail chain Dixy will not pay dividends in 2007 as it plans to channel its profits to development, the comapny said on Tuesday. Dixy, controlled by Russian holding group Mercury, last week reported a 86.2 percent rise in 2007 net profit to $16.7 million and a 43.7 percent jump in revenues to $1.43 billion.
The company runs 393 stores in central and north-western Russia and in the Urals region. (Reporting by Maria Plis; Writing by Maria Kiselyova)
Dixy Announces 86% Jump in '07 Net Profit
03.04.2008 The Moscow Times
Dixy, the country's third-largest listed supermarket chain, said Wednesday that net profit grew 86.2 percent to $16.7 million in 2007 on efforts to expand its customer base.
Net sales jumped 43.7 percent to $1.43 billion, pushed by the opening of 65 new stores, and earnings before interest, tax, depreciation and amortization grew 68.5 percent to $74.9 million, the company said in a statement.
Dixy president Vitaly Klyuchnikov said in the statement that efforts to expand the company's customer base and development of retail formats had enabled it to increase its profitability.
The chain, which raised $360 million in a IPO in May, said it would use the proceeds to roll out new stores, repay debts and carry out a rebranding in 2008 or 2009. Dixy will open around 100 new stores this year, Klyuchnikov said.
Dixy Group, which owns food retail chains Dixy, Megamart and Minimart, said it decreased debt and debt service costs dramatically in 2007, with net debt falling to $183 million in December, from $231 million a year before.
"Dixy Group financial results for 2007 surpassed all expectations," said Andrei Verkholantsev, a consumer analyst with Antanta Capital. "We had expected net sales and EBIDTA figures to be at least 7 percent or 8 percent lower."
He said Dixy debt figures reflected an effective use of funds raised through the IPO last year.
Russian retailer Dixy's year profit up 86.2 pct
Wed Apr 2, 2008 6:47am EDT
MOSCOW, April 2 (Reuters) - Russian supermarket chain Dixy announced on Wednesday an 86.2 percent rise in 2007 net profit as its sales grew on the back of active store openings.
The company, which raised $360 million in an initial public offering in May last year, said in a statement its net profit was $16.7 million.
Revenues rose 43.7 percent to $1.43 billion, while like-for-like sales were up 28.6 percent in dollar terms. Earnings before interest, taxation, depreciation and amortisation (EBITDA) jumped 68.5 percent to $74.9 million.
Dixy said it opened 65 new outlets last year and plans to open more this year to increase sales further.
"During 2008 we plan to open around 100 new stores and to increase our sales up to 35-40 percent, simultaneously working on growth of basic indicators of effectiveness," Dixy's President, Vitaly Klyuchnikov, said in the statement.
The company's gross profit increased 64.5 percent to $346 million, with the gross margin rising to 24.1 percent from 21.1 percent a year ago. The EBITDA margin was 5.2 percent versus 4.5 percent in 2006.
Its net debt fell to $183 million at the end of 2007 from $231 million a year ago, giving a net debt to EBITDA ratio of 2.4, the company said. (Writing by Maria Kiselyova, Editing by Paul Bolding)
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