17th May 2010 07:00
Press-release
Krasnodar
May 17, 2010
OJSC "Magnit" announces unaudited April 2010 results
Krasnodar, May 17, 2010: OJSC «Magnit» (the "Company"; RTS, MICEX and LSE: MGNT) is pleased to announce its unaudited April 2010 results[1].
During 4M 2010 the Company opened (net) 135 stores. The total store base reached 3,363 stores (3,338 convenience stores and 25 hypermarkets). Preliminary consolidated unaudited net retail revenue (excl. VAT) in 4M 2010 increased by 29.44% in ruble terms (compared to 4M 2009) and stood at 66,515.00 million rubles. Net retail sales in April 2010 increased by 32.58 vs. April 2009 and amounted to 17,522.87 million rubles.
April 2010 Key Operating and Financial Highlights:
|
|
April 2010 |
April 2009 |
Growth Rate |
4M2010 |
4M2009 |
Growth Rate |
|
Number of opened stores, NET |
45 |
41 |
n/a |
135 |
135 |
n/a |
|
convenience stores |
45 |
41 |
n/a |
134 |
135 |
n/a |
|
hypermarkets |
0 |
0 |
n/a |
1 |
0 |
n/a |
|
|
||||||
|
Total number of stores |
3 363 |
2 717 |
n/a |
3 363 |
2 717 |
n/a |
|
convenience stores |
3 338 |
2 703 |
n/a |
3 338 |
2 703 |
n/a |
|
hypermarkets |
25 |
14 |
n/a |
25 |
14 |
n/a |
|
|
||||||
|
Selling space, sq. m. |
1,107,308 |
868,095 |
27.56% |
1,107,308 |
868,095 |
27.56% |
|
convenience stores |
1,023,745 |
811,730 |
26.12% |
1,023,745 |
811,730 |
26.12% |
|
hypermarkets |
83,563 |
56,365 |
48.25% |
83,563 |
56,365 |
48.25% |
|
|
||||||
|
Net retail sales, million RUR |
17,522.87 |
13,216.92 |
32.58% |
66,515.00 |
51,384.93 |
29.44% |
|
convenience stores |
15,963.35 |
12,335.02 |
29.41% |
60,803.31 |
48,041.96 |
26.56% |
|
hypermarkets |
1,559.52 |
881.90 |
76.84% |
5,711.69 |
3,342.97 |
70.86% |
|
|
||||||
|
Net retail sales, million US$[2] |
600.13 |
393.87 |
52.37% |
2,238.26 |
1,518.60 |
47.39% |
|
convenience stores |
546.72 |
367.59 |
48.73% |
2,046.06 |
1,419.80 |
44.11% |
|
hypermarkets |
53.41 |
26.28 |
103.23% |
192.20 |
98.80 |
94.54% |
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, 2009 the chain consisted of 3,204 convenience stores and 24 hypermarkets in 1,048 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 and Urals regions.
As of December 31, 2009 the Company operated an in-house logistics system consisting of 9 distribution centers, employing automated stock replenishment systems and a fleet of 1,453 vehicles.
In accordance with the audited IFRS consolidated financial statements for the twelve months ended December 31, 2009, the Company recorded consolidated revenue of approximately US$5,354 million and consolidated EBITDA of around US$509 million.
[1] According to management accounts
[2] Based on the average exchange rate for April 2010 of 29.1983 RUB per 1 USD, April 2009 - 33.5562 RUB per 1 USD, 4М 2010 - 29.7173 RUB per 1 USD, 4М 2009 - 33.8371 per 1 USD
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