Events

JSC "The Seventh Continent" (further referred to as the Company) 1H 2009 trade sales in ruble terms increased 13% YoY. 2Q 2009 sales growth 14%.
Based on management accounts the Company's 1H 2009 gross retail sales reached 23 753 mn. rubles and 2Q 2009 gross retail sales reached 12 286 mn. rubles.
1H 2009 Like-For-Like sales (LFL) increased 4.8%, driven by traffic growth of 1.7% and average ticket growth of 3.1%. 2Q 2009 like-for-like sales (LFL) increased 7.2% with traffic increasing 6.4% and average ticket increasing 0.7%.
As of the end of 1H 2009 the selling space of the Company's stores under the brands "The Seventh Continent", "Nash Hypermarket" and "Prostore" accounts for 177.2 th. sq. m. and increased 5% compared to end of 1H 2008.
During the 1H 2009 the Company opened 2 supermarkets and 1 hypermarket. Total selling space of the opened stores accounts for 11.9 th. sq. m. In the same period the Company closed two supermarkets and 1 hypermarket due to poor financial results.

JSC "The Seventh Continent" 2Q 2009 trade sales increased 14% YoY and Like-For-Like sales growth reached 7.2%.

About the Company:

JSC "The Seventh Continent" was established in 1994 and today is an international retail chain and one of the leading Russian national chains. The Company operates in two major formats: supermarkets and hypermarkets. As of the end of June 2009 the Company has stores in Moscow and Moscow region (120 supermarkets and 4 hypermarkets), in Kaliningrad region (10 supermarkets), in Ryazan (1 hypermarket), Chelyabinsk (1 hypermarket) in Minsk, Belorussia (1 hypermarket), in Perm (1 supermarket and 1 hypermarket) and in Yaroslavl (1 hypermarket).
According to the audited financial statements, prepared in accordance with International Financial Reporting Standards, in 2007 total revenues of the Company were USD 1 272.9 mn., net income USD 99.2 mn.

For further information please contact us:
- www.7cont.ru
- tel.: +7(495) 933-43-63, ext. 35 31,
e-mail: pressa@7cont.ru,