8th Feb 2013 07:00
OJSC MAGNIT - January 2013 ResultsOJSC MAGNIT - January 2013 Results
PR Newswire
London, February 8
OJSC "Magnit" Announces 33% Retail Sales Growth in Rubles for January 2013
Krasnodar, February 8, 2013: OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT)announces 33% retail sales growth in rubles for January 2013.
During January 2013 the Company opened (net) 37 stores. The total store basereached 6,921 stores (6,080 convenience stores, 126 hypermarkets, 21 "MagnitFamily" stores and 694 cosmetics stores).
Preliminary consolidated unaudited net retail revenue (excl. VAT) in January2013 increased by 32.57% in ruble terms (compared to January 2012) and stood at41,260.60 million rubles.
January 2013 Key Operating and Financial Highlights:
January 2013 January 2012 Growth Rate Number of opened stores, NET 37 37 n/a convenience stores 34 23 n/a hypermarkets 0 0 n/a magnit family 1 0 n/a cosmetics stores 2 14 n/a Total number of stores 6,921 5,346 n/a convenience stores 6,080 5,029 n/a hypermarkets 126 90 n/a magnit family 21 3 n/a cosmetics stores 694 224 n/aSelling space, thousand sq. m. 2,562.81 1,983.12 29.23%
convenience stores 1,988.00 1,646.29 20.76% hypermarkets 387.62 279.50 38.68% magnit family 25.81 3.80 n/a cosmetics stores 161.39 53.52 n/a January 2013 January 2012 Growth RateNet retail sales, million RUR 41,260.60 31,122.65 32.57%
convenience stores 33,189.02 26,129.22 27.02% hypermarkets 6,816.40 4,660.91 46.25% magnit family 574.64 89.22 n/a cosmetics stores 680.55 243.30 n/a Net retail sales, million US$ 1,363.63 987.51 38.09% convenience stores 1,096.87 829.07 32.30% hypermarkets 225.28 147.89 52.33% magnit family 18.99 2.83 n/a cosmetics stores 22.49 7.72 n/aFor further information, please contact:
Timothy Post Director, Investor Relations e-mail: [email protected] Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 7600 Mob.: +7 (961) 511-76-78 Direct line for investors only: +7 (861) 277-45-62 Dina Svishcheva Deputy Director, 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:Headquartered in the southern Russia city of Krasnodar, Magnit (LSE and MICEX:MGNT) is the holding company for a group of entities that operate in the retailtrade under the "Magnit" brand. The chain of "Magnit" stores is one of theleading food retail networks in Russia. As of December 31, 2012 the chainconsisted of 6,046 convenience stores, 126 hypermarkets, 20 "Magnit Family"stores and 692 cosmetics stores (drogerie) in 1,605 cities and towns throughoutthe Russian Federation.
Approximately two-thirds of the Magnit's stores are located in cities with apopulation of less than 500,000 inhabitants. Most of its stores are located inthe Southern, North-Caucasian, Central and Volga regions. The Company alsooperates stores in the North-Western, Urals and Siberian regions.
As of December 31, 2012 Magnit operated an in-house logistics system consistingof 18 distribution centers, employing automated stock replenishment systems anda fleet of 4,401 vehicles.
In accordance with the unaudited IFRS management accounts for 2012, Magnitrecorded consolidated revenues of approximately $14,430 million USD and aconsolidated EBITDA of $1,524 million USD.
According to management accounts
Based on the average exchange rate for January 2013 of 30.2580 RUB per 1 USD,January 2012 - 31.5162 RUB per 1 USD
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