29th Jul 2011 07:00
Press-release
Krasnodar
July 29, 2011
OJSC "Magnit" announces acquisition of a 3500th truck
Krasnodar, July 29, 2011: OJSC "Magnit" (the "Company"; RTS, MICEX and LSE: MGNT) is pleased to announce the increase of its fleet to 3,500 vehicles.
Dear Ladies and Gentlemen!
We are pleased to inform you that the Company has purchased its 3,500th truck.
Automobile operating companies of OJSC "Magnit" are located in 13 towns of Russia: Bataysk, Kropotkin, Slavyansk-on-Kuban, Engels, Togliatti, Tver, Oryol, Ivanovo, Veliky Novgorod, Erzovka, Tambov, Dzerzhinsk and Chelyabinsk.
Vehicles of the Company make over 1,500 rounds on a daily basis. Today more than 10,100 employees are engaged in transportation.
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, 2011 the chain consisted of 4,366 convenience stores, 66 hypermarkets and 28 cosmetics stores (drogerie) in 1,286 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 June 30, 2011 the Company operated an in-house logistics system consisting of 12 distribution centers, employing automated stock replenishment systems and a fleet of 3,454 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