5th Apr 2011 07:00
Press-release
Krasnodar
April 5, 2011
OJSC "Magnit" announces acquisition of a 3,000th vehicle
Krasnodar, April 5, 2011: OJSC "Magnit" (the "Company"; RTS, MICEX and LSE: MGNT) is pleased to announce the increase of its fleet to 3,000 vehicles.
Dear Ladies and Gentlemen!
We are pleased to inform you that today the Company has purchased its 3,000th 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 1,400 rounds on a daily basis. Today more than 9,200 employees are engaged in transportation.
At the end of 2011 the fleet will include 4,500 vehicles.
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 December 31, 2010 the chain consisted of 4,002 convenience stores, 51 hypermarkets and 2 cosmetics stores (drogerie) in 1,216 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 December 31, 2010 the Company operated an in-house logistics system consisting of 11 distribution centers, employing automated stock replenishment systems and a fleet of 2,642 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