6th Apr 2016 07:10
PJSC MAGNIT - 158th "Magnit Family" Store OpeningPJSC MAGNIT - 158th "Magnit Family" Store Opening
PR Newswire
London, April 6
Press-release
Krasnodar
April 6, 2016
PJSC “Magnit” Announces the Opening of the 158th “Magnit Family” Store
Krasnodar, April 6, 2016: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), is pleased to announce the opening of the 158th “Magnit Family” store.
Please be informed that today the Company opened its 158th “Magnit Family” store located at 51 Oktyabrskaya street, Teykovo (“Vega” shopping center), Ivanovo oblast, Central federal region. Assortment of the store consists of more than 7,850 SKUs, out of which about 87% are food items. There are 11 cash desks installed in the sales area. The outlet is leased by the Company. The store is open 7 days a week from 8 am to 10 pm.
For further information, please contact:
| Timothy Post | Head of Investor RelationsEmail: [email protected]: +7-861-277-4554 x 17600Mobile: +7-961-511-7678Direct Line: +7-861-277-4562 |
| Investor Relations Office | [email protected] Line: +7-861-277-4562Website: ir.magnit.com/ |
| Media Inquiries | Media Relations [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 December 31, 2015, Magnit operated 33 distribution centers and about 12,089 stores (9,594 convenience, 374 hypermarkets, and 2,121 drogerie stores) in 2,361 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the audited IFRS results for 2015, Magnit had revenues of RUB 951 billion and an EBITDA of RUB 104 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