5th Oct 2010 11:34
Press-release
Krasnodar
October 5, 2010
OJSC "Magnit" (the "Company"; RTS, MICEX and LSE: MGNT) announces that the number of employees exceeded 100 thousand
Dear Ladies and Gentlemen!
We are glad to inform you that the number of employees on the payroll in the group of OJSC "Magnit" companies amounts to 107,546.
Personnel structure is as follows:
75% in-store personnel,
16% people engaged in distribution,
6% people in regional branches,
3% people employed by head office.
Sergey Galitskiy, the Company's CEO, provided the following comments:
"We are proud to be the second among Russia's largest private employers. This is our contribution to the state economy. We are sensible of responsibility for all who work in the Company and will do our best so that our employees get respectable salaries and feel worthy citizens of Russia."
For further information, please contact:
|
Oleg Goncharov |
Director, Investor Relations e-mail: [email protected] Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 5100 Mob.: +7 (903) 411-40-35 Direct line for investors only: +7 (861) 277-45-62 |
|
Dina Svishcheva |
Manager, Investor Relations e-mail: [email protected] Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 5101 Mob.: +7-961-511-02-02 Direct line for investors only: +7 (861) 277-45-62 |
Company description:
Based in Krasnodar, in the Southern region of Russia, Open Joint Stock Company "Magnit" is the holding company for a group of entities that operate in the retail trade under the "Magnit" brand. The chain of "Magnit" stores is one of the leading food retail networks in Russia. As of June 30, 2010 the chain consisted of 3,464 convenience stores and 28 hypermarkets in 1,109 locations in the Russian Federation.
Approximately two-thirds of the Company's stores are located in cities with a population of less than 500,000 inhabitants. Most of its stores are located in the Southern, North-Caucasian, Central and Volga regions. The Company also operates stores in the North-Western and Urals regions.
As of June 30, 2010 the Company operated an in-house logistics system consisting of 10 distribution centers, employing automated stock replenishment systems and a fleet of 1,723 vehicles.
In accordance with the unaudited IFRS consolidated financial statements for 1H 2010, the Company recorded consolidated revenue of approximately US$3,448 million and consolidated EBITDA of around US$252 million
Related Shares:
MGNT.L