10th Feb 2010 07:00
Press-release
Krasnodar
February 10, 2010
OJSC "Magnit" announces unaudited January 2010 results
Krasnodar, February 10, 2010: OJSC «Magnit» (the "Company"; RTS, MICEX and LSE: MGNT) is pleased to announce its unaudited January 2010 results1.
During January 2010 the Company opened (net) 19 stores. The total store base reached 3,247 stores (3,223 convenience stores and 24 hypermarkets). Preliminary consolidated unaudited net retail revenue (excl. VAT) in January 2010 increased by 25.42% in ruble terms (compared to January 2009) and stood at 15,545.94 million rubles.
January 2010 Key Operating and Financial Highlights:
|
|
January 2010 |
January 2009 |
Growth Rate |
|
Number of opened stores, NET |
19 |
10 |
n/a |
|
Total number of stores |
3,247 |
2,592 |
n/a |
|
Total selling space, sq. m. |
1,067,329 |
827,751 |
28.94% |
|
Net retail sales, million RUB |
15,545.94 |
12,394,95 |
25.42% |
|
Net retail sales, million USD2 |
519.14 |
393.20 |
32.03% |
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