23rd May 2011 07:00
Press-release
Krasnodar
May 23, 2011
Opening of a distribution center in Volgograd region
Krasnodar, May 23, 2011: OJSC «Magnit» (the "Company"; RTS, MICEX and LSE: MGNT) is pleased to announce the opening of a new distribution center in Erzovka village.
Dear Ladies and Gentlemen!
We are glad to inform you that the Company opened a new distribution center in Erzovka village, Volgograd region. Total space of the warehouse is 26,074 sq. m. Launch of the new distribution center will improve service quality in the Volga region.
"Magnit" retail chain operates 12 distribution centers with their total capacity of 268,920 sq. m.
City | Federal District | Space, sq. m | Number of serviced stores | Share in total DC turnover, % |
Bataisk | Southern | 17,407 | 413 | 9.5% |
Kropotkin | Southern | 30,048 | 410 | 10.5% |
Slavyansk-on-Kuban | Southern | 20,496 | 323 | 8.5% |
Engels | Volga | 19,495 | 335 | 7.6% |
Togliatti | Volga | 19,157 | 636 | 9.5% |
Tver | Central | 13,136 | 184 | 5.2% |
Oryol | Central | 14,326 | 312 | 8.9% |
Ivanovo | Central | 43,365 | 463 | 10.5% |
Chelyabinsk | Ural | 17,623 | 420 | 9.7% |
Veliky Novgorod | North-Western | 21,060 | 179 | 5.1% |
Tambov | Central | 26,733 | 342 | 7.2% |
Erzovka | Volga | 26,074 | 260 | 7.8% |
Total | 268,920 | 4,277 | 100% |
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 March 31, 2011 the chain consisted of 4,128 convenience stores, 57 hypermarkets and 4 cosmetics stores (drogerie) in 1,239 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 March 31, 2011 the Company operated an in-house logistics system consisting of 11 distribution centers, employing automated stock replenishment systems and a fleet of 2,997 vehicles.
In accordance with the audited IFRS consolidated financial statements for the twelve months ended December 31, 2010, the Company recorded consolidated revenue of approximately US$7,777 million and consolidated EBITDA of around US$632 million.
Related Shares:
MGNT.L