19th Nov 2012 07:00
Press-releaseKrasnodarNovember 19, 2012
OJSC "Magnit" announces the opening of the 110th hypermarket
Krasnodar, November 19, 2012: OJSC "Magnit" is pleased to announce the opening of the 110th hypermarket of a small format.
Dear Ladies and Gentlemen!
We are glad to inform you that on November 17, 2012 the Company has opened its 110th hypermarket of a small format located at 123, 20 let Oktyabrya street ("Evropa" shopping center), Voronezh, Central federal district. The store was opened in the result of the reformatting of the convenience store. Assortment of the hypermarket consists of more than 8,700 SKUs, out of which about 92% are food items. There are 13 cash desks installed in the sales area. The hypermarket is open 7 days a week from 9 am to 10 pm.
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 September 30, 2012 the chain consisted of 5,523 convenience stores, 105 hypermarkets, 11 "Magnit Family" stores and 480 cosmetics stores (drogerie) in 1,504 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, Urals and Siberian regions.
As of September 30, 2012 the Company operated an in-house logistics system consisting of 17 distribution centers, employing automated stock replenishment systems and a fleet of 4,082 vehicles.
In accordance with the reviewed IFRS consolidated financial statements for 1H 2012, the Company recorded consolidated revenue of approximately US$ 6,776 million and consolidated EBITDA of around US$ 671 million.
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