10th Sep 2009 07:00
Press-release
Krasnodar
September 10, 2009
OJSC "Magnit" announces unaudited August 2009 trading update
Krasnodar, September 10, 2009: OJSC «Magnit» (the "Company"; RTS, MICEX and LSE: MGNT) is pleased to announce its unaudited 8M 2009 results.
During 8M 2009 the Company opened (net) 349 stores. The total store base reached 2,931 stores (2,911 convenience stores and 20 hypermarkets). Preliminary consolidated unaudited net retail revenue (excl. VAT) in 8M2009 increased by 31.94% in ruble terms (compared to 8M2008) and stood at 107,820.48 million rubles.
August and 8M 2009 Key Operating and Financial Highlights:
|
August 2009 |
August 2008 |
Growth Rate |
8M2009 |
8M2008 |
Growth Rate |
|
|
Number of opened stores, NET |
67 |
30 |
n/a |
349 |
180 |
n/a |
|
Total number of stores |
2,931 |
2,377 |
n/a |
2,931 |
2,377 |
n/a |
|
Selling space, sq. m. |
947,436 |
739,316 |
28.15% |
947,436 |
739,316 |
28.15% |
|
Net retail sales, million RUR |
14,790.95 |
11,712.70 |
26.28% |
107,820.48 |
81,719.74 |
31.94% |
|
Net retail sales, million US$ |
467.63 |
485.29 |
(3.64)% |
3,298.59 |
3,420.25 |
(3.56)% |
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 Chistyak
|
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, 2009 the chain consisted of 2,790 convenience stores and 18 hypermarkets in 922 locations in the Russian Federation.
Approximately two-thirds of the Company's stores are located in cities with population of less than 500,000 inhabitants. Most of its stores are located in the Southern, Central and Volga regions. The Company also operates stores in the North-Western and Urals regions.
As of June 30, 2009 the Company operated an in-house logistics system consisting of 9 distribution centers, employing automated stock replenishment systems and a fleet of 1,345 vehicles.
In accordance with the unaudited IFRS consolidated financial statements for 1H 2009, the Company posted consolidated revenue of approximately US$2,378 million and consolidated EBITDA of around US$224 million.
Related Shares:
MGNT.L