28th Aug 2015 07:14
PJSC MAGNIT - 122nd "Magnit Family" Store OpeningPJSC MAGNIT - 122nd "Magnit Family" Store Opening
PR Newswire
London, August 28
Press-release
Krasnodar
August 28, 2015
PJSC “Magnit” Announces the Opening of the 122nd “Magnit Family” Store
Krasnodar, August 28, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), is pleased to announce the opening of the 122nd “Magnit Family” store.
Please be informed that today the Company opened its 122nd “Magnit Family” store located at 125 Kirova street, Gelendzhik, Krasnodar krai, Southern federal region. Assortment of the store consists of about 8,200 SKUs, out of which about 88% are food items. There are 13 cash desks installed in the sales area. The outlet is leased by the Company. The store is open 7 days a week from 8:00 to 00:30.
For further information, please contact:
| Timothy Post | Director, Investor Relations Email: [email protected] Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562 | |
| Dina Svishcheva | Deputy Director, Investor Relations Email: [email protected] Office: +7-861-277-4554 x 15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562 | |
| Media Inquiries | PR and GR Department [email protected] | |
Company description:
Magnit is Russia's largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of June 30, 2015, Magnit operated 29 distribution centers and over 10,700 stores (8,890 convenience, 311 hypermarkets, and 1,527 drogerie stores) in approximately 2,233 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the reviewed IFRS consolidated financial statements for 1H 2015. Magnit had revenues of RUB 455 billion and an EBITDA of RUB 49 billion. Magnit's local shares are traded on the Moscow Stock Exchange (MOEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor's of BB+. Measured by market capitalization, Magnit is one of the largest retailers in Europe.
Related Shares:
MGNT.L