10th Feb 2012 07:00
Press-release
Krasnodar
February 10, 2012
OJSC "Magnit" announces unaudited January 2012 results
Krasnodar, February 10, 2012: OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT) is pleased to announce its unaudited January 2012 results[1]
During January 2012 the Company opened (net) 37 stores. The total store base reached 5,346 stores (5,029 convenience stores, 93 hypermarkets and 224 cosmetics stores). Preliminary consolidated unaudited net retail revenue (excl. VAT) in January 2012 increased by 32.38% in ruble terms (compared to January 2011) and stood at 31,122.65 million rubles.
January 2012 Key Operating and Financial Highlights:
January 2012 | January 2011 | Growth Rate | |
Number of opened stores, NET | 37 | 30 | n/a |
convenience stores | 23 | 30 | n/a |
hypermarkets | 0 | 0 | n/a |
cosmetics stores | 14 | 0 | n/a |
Total number of stores | 5,346 | 4,085 | n/a |
convenience stores | 5,029 | 4,032 | n/a |
hypermarkets | 93 | 51 | n/a |
cosmetics stores | 224 | 2 | n/a |
Selling space, thousand sq. m. | 1,983.11 | 1,438.62 | 37.85% |
convenience stores | 1,646.29 | 1,273.09 | 29.31% |
hypermarkets | 283.29 | 165.08 | 71.61% |
cosmetics stores | 53.52 | 0.45 | n/a |
Net retail sales, million RUR | 31,122.65 | 23,509.66 | 32.38% |
convenience stores | 26,129.22 | 20,921.65 | 24.89% |
hypermarkets | 4,750.13 | 2,585.75 | 83.70% |
cosmetics stores | 243.30 | 2.26 | n/a |
Net retail sales, million US$[2] | 987.51 | 781.43 | 26.37% |
convenience stores | 829.07 | 695.41 | 19.22% |
hypermarkets | 150.72 | 85.95 | 75.36% |
cosmetics stores | 7.72 | 0.08 | n/a |
For further information, please contact:
Oleg Goncharov | Director, Investor Relations e-mail: [email protected] Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 5100 Mob.: +7 (903) 411-40-35 Direct line for investors only: +7 (861) 277-45-62 |
Dina Svishcheva | Manager, Investor Relations e-mail: [email protected] Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 5101 Mob.: +7-961-511-02-02 Direct line for investors only: +7 (861) 277-45-62 |
Company description:
Based in Krasnodar, in the Southern region of Russia, Open Joint Stock Company "Magnit" is the holding company for a group of entities that operate in the retail trade under the "Magnit" brand. The chain of "Magnit" stores is one of the leading food retail networks in Russia. As of December 31, 2011 the chain consisted of 5,006 convenience stores, 93 hypermarkets and 210 cosmetics stores (drogerie) in 1,389 locations in the Russian Federation.
Approximately two-thirds of the Company's stores are located in cities with a population of less than 500,000 inhabitants. Most of its stores are located in the Southern, North-Caucasian, Central and Volga regions. The Company also operates stores in the North-Western, Urals and Siberian regions.
As of December 31, 2011 the Company operated an in-house logistics system consisting of 14 distribution centers, employing automated stock replenishment systems and a fleet of 3,906 vehicles.
In accordance with the unaudited IFRS management accounts for 2011, the Company recorded consolidated revenue of approximately US$ 11,423 million and consolidated EBITDA of around US$ 934 million.
[1] According to management accounts
[2] Based on the average exchange rate for January 2012 of 31.5162 RUB per 1 USD, January 2011 - 30.0855 RUB per 1 USD
Related Shares:
MGNT.L