11th Sep 2012 07:00
Press-release
Krasnodar
September 11, 2012
OJSC "Magnit" announces 34% retail sales growth in rubles in August 2012
Krasnodar, September 11, 2012: OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT) announces 34% retail sales growth in rubles in August 2012[1].
During 8M 2012 the Company opened (net) 665 stores. The total store base reached 5,974 stores (5,425 convenience stores, 105 hypermarkets, 8 "Magnit Family" stores and 436 cosmetics stores). Preliminary consolidated unaudited net retail revenue (excl. VAT) in 8M 2012 increased by 32.61% in ruble terms (compared to 8M 2011) and stood at 283,203.29 million rubles.
August 2012 Key Operating and Financial Highlights:
August 2012 | August 2011 | Growth Rate | 8M 2012 | 8M 2011 | Growth Rate | |
Number of opened stores, NET | 137 | 112 | n/a | 665 | 604 | n/a |
convenience stores | 85 | 81 | n/a | 419 | 514 | n/a |
hypermarkets | 3 | 5 | n/a | 15 | 21 | n/a |
magnit family | 2 | 0 | n/a | 5 | 2 | n/a |
cosmetics stores | 47 | 26 | n/a | 226 | 67 | n/a |
Total number of stores | 5,974 | 4,659 | n/a | 5,974 | 4,659 | n/a |
convenience stores | 5,425 | 4,516 | n/a | 5,425 | 4,516 | n/a |
hypermarkets | 105 | 71 | n/a | 105 | 71 | n/a |
magnit family | 8 | 3 | n/a | 8 | 3 | n/a |
cosmetics stores | 436 | 69 | n/a | 436 | 69 | n/a |
Selling space, thousand sq. m. | 2,213.13 | 1,698.36 | 30.31% | 2,213.13 | 1,698.36 | 30.31% |
convenience stores | 1,780.73 | 1,457.16 | 22.21% | 1,780.73 | 1,457.16 | 22.21% |
hypermarkets | 324.68 | 222.60 | 45.86% | 324.68 | 222.60 | 45.86% |
magnit family | 9.88 | 3.80 | n/a | 9.88 | 3.80 | n/a |
cosmetics stores | 97.83 | 14.81 | n/a | 97.83 | 14.81 | n/a |
August 2012 | August 2011 | Growth Rate | 8M 2012 | 8M 2011 | Growth Rate | |
Net retail sales, million RUR | 37,827.02 | 28,242.04 | 33.94% | 283,203.29 | 213,566.47 | 32.61% |
convenience stores | 30,389.32 | 23,965.34 | 26.81% | 232,548.84 | 185,542.88 | 25.33% |
hypermarkets | 6,679.06 | 4,098.23 | 62.97% | 46,433.55 | 27,428.15 | 69.29% |
magnit family | 230.80 | 104.62 | n/a | 1,221.36 | 422.36 | n/a |
cosmetics stores | 527.84 | 73.85 | n/a | 2,999.53 | 173.07 | n/a |
Net retail sales, million US$[2] | 1,183.06 | 981.56 | 20.53% | 9,122.26 | 7,480.20 | 21.95% |
convenience stores | 950.44 | 832.92 | 14.11% | 7,490.63 | 6,498.67 | 15.26% |
hypermarkets | 208.89 | 142.43 | 46.66% | 1,495.67 | 960.68 | 55.69% |
magnit family | 7.22 | 3.64 | n/a | 39.34 | 14.79 | n/a |
cosmetics stores | 16.51 | 2.57 | n/a | 96.62 | 6.06 | n/a |
For further information, please contact:
Oleg Goncharov | Director, Investor Relations e-mail: [email protected] Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 5100 Mob.: +7 (903) 411-40-35 Direct line for investors only: +7 (861) 277-45-62 |
Dina Svishcheva | Manager, Investor Relations e-mail: [email protected] Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 5101 Mob.: +7-961-511-02-02 Direct line for investors only: +7 (861) 277-45-62 |
Company description:
Based in Krasnodar, in the Southern region of Russia, Open Joint Stock Company "Magnit" (LSE and MICEX: MGNT, S&P: "BB-") is the holding company for a group of entities that operate in the retail trade under the "Magnit" brand. The chain of "Magnit" stores is one of the leading food retail networks in Russia. As of June 30, 2012 the chain consisted of 5,268 convenience stores, 98 hypermarkets, 5 "Magnit Family" stores and 351 cosmetics stores (drogerie) in 1,461 locations in the Russian Federation.
Approximately two-thirds of the Company's stores are located in cities with a population of less than 500,000 inhabitants. Most of its stores are located in the Southern, North-Caucasian, Central and Volga regions. The Company also operates stores in the North-Western, Urals and Siberian regions.
As of June 30, 2012 the Company operated an in-house logistics system consisting of 16 distribution centers, employing automated stock replenishment systems and a fleet of 4,070 vehicles.
In accordance with the reviewed IFRS consolidated financial statements for 1H 2012, the Company recorded consolidated revenue of approximately US$ 6,776 million and consolidated EBITDA of around US$ 671 million.
[1] According to management accounts
[2] Based on the average exchange rate for August 2012 of 31.9738 RUB per 1 USD, August 2011 - 28.7727 RUB per 1 USD, 8М 2012 - 31.0453 RUB per 1 USD, 8M 2011 - 28.5509 RUB per 1 USD
Related Shares:
MGNT.L