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In the 2 quarter of 2009, X5 Retail Group revenue increased by 7% to $ 2.1 billion

Jul 10th, 2009 | By admin | Category: Company News

In the 2 quarter of 2009 consolidated net revenues of retail X5 Retail Group rose compared with the 2 quarter of 2008 by 46% in rubles to 67.8 billion rubles. and 7% in dollars to $ 2.1 billion

including sales of acquired businesses Carousel as in the 2 quarter and 1 half of 2009, and in quarter 2 and 1 half of 2008., a net increase in retail revenues was 26% in rubles. In dollar terms, net of pro forma retail revenues declined by 8%, due to the effect of the devaluation of the ruble (- 34%) said X5 Retail Group.

discount shown rekorny buyers traffic growth in comparable stores (LFL) to 11%, with regions of growth of traffic has reached 16%. LFL sales growth for the whole company was 11%, with an increase in customer traffic at 6%.

In the 2 quarter of 2009 X5 increased net trading area at 28.7 thousand square meters or 20 stores, including 4 of hypermarkets, 14 supermarkets and 2 discount. The Company opened 3 new distribution center (in Moscow, Rostov-on-Don and Kazan) and expanded the area 3 of the RC (in Nizhny Novgorod, Samara and Voronezh), increased the total warehouse area of over 26.4 thousand square meters

In the 1 half of 2009, consolidated net retail revenues increased as compared to 1 half of 2008 by 46% in rubles to 130.9 billion rubles. and 6% in dollars to $ 3.96 billion

including sales of acquired businesses Carousel as in the 2 quarter and 1 half of 2009, and in quarter 2 and 1 half of 2008., a net increase in retail revenues was 27% in rubles. In dollar terms, net of pro forma retail revenues declined by 8%, due to the effect of the devaluation of the ruble (- 35%).

LFL sales growth for the wholecompany was 12%, with an increase in customer traffic at 5%.

In June 30, 2009 under control of the company is 1 164 shops, including 900 discount, 211 supermarkets and 53 hypermarkets. On June 30, 2009 net trading area stores X5 reached 935.8 thousand square kilometers. m. The number of distribution centers (RC) increased to 22 the total warehouse area of 227.7 thousand square meters On June 30, 2009 the company manages the RC in 11 cities, and the level of centralization of the supply has reached 59%.

X5 Retail Group has fulfilled the annual plan on opening girpermarketov opened 7 stores in 1 semester, and exceeded the planned year-end level of centralization of the supply, reaching 59%, the report says the company.

According to the CEO of X5 Retail Group Lev Hasisa, the tendency to bias consumption towards cheaper products and formats, and preserved in the 2 quarter of 2009. According to him, supermarkets Perekrestok kept steady buyer traffic in Moscow and St. Petersburg, but the regional supermarkets show outflow of customers against the backdrop of the crisis. Hypermarkets are also influenced by the crisis, particularly in relation to non-food items.

In this current economic situation has greatly improved the conditions for opening new stores and warehouses, which results in increasing the supply of high quality real estate and falling rental rates, - concluded Lev Hasis.
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