12th Jan 2010 07:00
Press-release
Krasnodar
January 12, 2010
OJSC "Magnit" announces unaudited December 2009 results
Krasnodar, January 12, 2010: OJSC «Magnit» (the "Company"; RTS, MICEX and LSE: MGNT) is pleased to announce its unaudited 12M 2009 results.
During 12M 2009 the Company opened (net) 646 stores. The total store base reached 3,228 stores (3,204 convenience stores and 24 hypermarkets). Preliminary consolidated unaudited net retail revenue (excl. VAT) for 12M2009 increased by 28.12% in ruble terms (compared to 12M2008) and stood at 169,604.53 million rubles.
December and 12M 2009 Key Operating and Financial Highlights:
|
December 2009 |
December 2008 |
Growth Rate |
12M2009 |
12M2008 |
Growth Rate |
|
|
Number of opened stores, NET |
130 |
105 |
n/a |
646 |
385 |
n/a |
|
Total number of stores |
3,228 |
2,582 |
n/a |
3,228 |
2,582 |
n/a |
|
Total selling space, sq. m. |
1,059,867 |
823,507 |
28.70% |
1,059,867 |
823,507 |
1,059,867 |
|
Number of customers, million |
n/a |
n/a |
n/a |
988.31 |
860.34 |
14.88% |
|
Net retail sales, million RUB |
19,167.67 |
15,602.58 |
22.85% |
169,604.53 |
132,379.40 |
28.12% |
|
Net retail sales, million USD |
640.19 |
554.54 |
15.44% |
5,346.42 |
5,326.00 |
0.38% |
|
LFL growth 12M 2009 to 12M 2008 |
|
|
Average ticket (excluding VAT), RUB |
5.75% |
|
Number of tickets |
(1.52)% |
|
Revenue, RUB |
4.14% |
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, 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 unaudited IFRS consolidated financial statements for the six months ended June 30, 2009, the Company recorded consolidated revenue of approximately US$2,378 million and consolidated EBITDA of around US$224 million.
Related Shares:
MGNT.L