Rosinter Restaurants Holding Announces its Trade Update for the First Quarter of 2008
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OJSC Rosinter Restaurants Holding (Rosinter) (RTS:ROST), the
leading casual dining restaurants chain in Russia and CIS (RTS ticker:
ROST), announces its trade update for the first quarter 2008. The
release is published at www.rosinter.com
In the 1st quarter we opened 14 restaurants (net)(1) for a total
of 246 outlets by March 31, 2008 and achieved 31% and 21% Same Store
Sales Growth in US$ and local currency respectively. Additionally, our
Joint Venture with Whitbread PLC has opened the first Costa Coffee
outlet in Moscow.
Key operating statistics for the 1st quarter 2008:
Rosinter Restaurants Holding
-0-
*T
Trailing Trailing Growth
12
12
rate
1Q
1Q
month
month
(trailing
2008 2007 ending
ending
12
March
March
months
31
31
y-o-y)
2008
2007
------------------------------ ----- ----- -------- -------- ---------
Number of outlets opened
(net)
including:
14
13
59
37
59.5%
------------------------------ ----- ----- -------- -------- ---------
corporate
10
11
41
26
57.7%
------------------------------ ----- ----- -------- -------- ---------
franchised
4
2
18
11
63.6%
------------------------------ ----- ----- -------- -------- ---------
------------------------------ ----- ----- -------- -------- ---------
Transferred to franchisees(2)
0
0
13
5
160%
------------------------------ ----- ----- -------- -------- ---------
------------------------------ ----- ----- -------- -------- ---------
Total number of outlets (end
of the period), including
246
187
246
187
31.6%
------------------------------ ----- ----- -------- -------- ---------
corporate
179
151
179
151
18.5%
------------------------------ ----- ----- -------- -------- ---------
franchised
67
36
67
36
86.1%
============================== ===== ===== ======== ======== =========
*T
(1) Total number of opened restaurants net of closed restaurants
(2) Number of corporate restaurants which were transferred to
franchisees in the period
-0-
*T
Trailing Trailing
12
12
1Q
1Q
month
month
2008 2007 ending
ending
March
March
31
31
2008
2007
---------------------------------------- ----- ----- -------- --------
Same Store Sales Growth (SSSG) in US$ 30.7% 17.4%
16.4%
15.6%
---------------------------------------- ----- ----- -------- --------
Same Store Sales Growth (SSSG) in local
currency 20.7% 9.9%
7.1%
8.9%
---------------------------------------- ----- ----- -------- --------
Increase in average transaction (US$) 15.8% 11.6%
11.7%
9.9%
---------------------------------------- ----- ----- -------- --------
Increase in average transaction (local
currency) 7.0% 4.4%
2.7%
3.5%
---------------------------------------- ----- ----- -------- --------
Increase in transaction count 12.9% 5.0%
4.1%
5.0%
======================================== ===== ===== ======== ========
*T
Costa Coffee(3)
-0-
*T
Trailing
12
1Q
month
2008 ending
March
31
2008
------------------------------------------------------- ----- --------
Number of outlets opened (net)
1
1
------------------------------------------------------- ----- --------
Total number of outlets (end of the period)
1
1
======================================================= ===== ========
*T
Ms. Lori Daytner, CEO, commented:
"We have kept our positive development dynamics and increased our
geographical coverage. We opened two restaurants in Rostov-on-Don, our
base city for further development in the South region of Russia, and
we extended our presence in Kazakhstan to the cities of Astana and
Atyrau. We are also delighted by the progress of our Joint Venture
with Whitbread PLC which has delivered in a very short time the first
Costa Coffee outlet in Russia on Pushkin square providing our guests
with premium quality hand-made coffee, stylish and cozy setting and
wide range of tasty food."
* * *
Note to Editors:
OJSC Rosinter Restaurants Holding is the leading casual dining
restaurant company in Russia and CIS, which as at March 31, 2008
operated 246 outlets, including 67 franchised restaurants in 26 cities
in Russia, the CIS and Central Europe, including Baltic countries. The
Company offers Italian, Japanese, American and Russian cuisine under
its proprietary brands IL Patio, Planet Sushi and 1-2-3 Cafe and its
licensed brands T.G.I. Friday´s and Sibirskaya Corona. Also through a
Joint Venture with Whitbread PLC the company is currently developing
the Costa Coffee chain in Russia. Rosinter reported consolidated
revenues of US$ 218.6 million, in accordance with audited IFRS
accounts, for the twelve months ended December 31, 2006, it served
approximately 12.5 million customers in 2006. Rosinter Restaurants
Holding is listed in RTS (www.rts.ru) under the stock ticker ROST.
(3) Costa Coffee outlets are operated by the Joint Venture of
Whitbread PLC and Rosinter Restaurants Holding