9th Feb 2016 07:00
PJSC MAGNIT - January 2016 ResultsPJSC MAGNIT - January 2016 Results
PR Newswire
London, February 9
Press-release
Krasnodar
February 9, 2016
PJSC “Magnit” Announces 15.09% Retail Sales Growth in Rubles for January 2016[1]
Krasnodar, February 9, 2016: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT) announces 15.09% retail sales growth in rubles for January 2016.
During January 2016 the Company opened (net) 64 stores. The total store base reached 12,153 stores (9,606 convenience stores, 219 hypermarkets, 154 “Magnit Family” stores and 2,174 drogerie stores).
Preliminary consolidated unaudited net retail revenue (excl. VAT) in January 2016 increased by 15.09% in ruble terms (compared to January 2015) and stood at 80,468.24 million rubles.
According to Rosstat, general inflation in January 2016 amounted to 1.0% compared to 3.9% in January 2015.
Food inflation in January 2016 amounted to 1.2% compared to 5.7% in January 2015.
January 2016 Key Operating and Financial Highlights:
| January 2016 | January 2015 | Growth Rate | |
| Number of opened stores, NET | 64 | 77 | n/a |
| convenience stores | 12 | 44 | n/a |
| hypermarkets | 0 | 0 | n/a |
| magnit family | (1) | 0 | n/a |
| drogerie stores | 53 | 33 | n/a |
| Total number of stores | 12,153 | 9,788 | n/a |
| convenience stores | 9,606 | 8,388 | n/a |
| hypermarkets | 219 | 190 | n/a |
| magnit family | 154 | 97 | n/a |
| drogerie stores | 2,174 | 1,113 | n/a |
| Selling space growth, th. sq.m. | 16.70 | 21.32 | n/a |
| convenience stores | 5.10 | 14.08 | n/a |
| hypermarkets | 0 | 0 | n/a |
| magnit family | (0.92) | 0 | n/a |
| drogerie stores | 12.52 | 7.24 | n/a |
| Selling space, eop, th. sq. m. | 4,430.42 | 3,611.96 | 22.66% |
| convenience stores | 3,124.66 | 2,687.39 | 16.27% |
| hypermarkets | 639.14 | 559.09 | 14.32% |
| magnit family | 169.26 | 109.07 | 55.18% |
| drogerie stores | 497,36 | 256.41 | 93.97% |
| Net retail sales, million RUR | 80,468.24 | 69,918.76 | 15.09% |
| convenience stores | 59,501.40 | 52,543.21 | 13.24% |
| hypermarkets | 12,549.55 | 12,218.90 | 2.71% |
| magnit family | 4,270.65 | 3,035.52 | 40.69% |
| drogerie stores | 4,146.64 | 2,121.13 | 95.49% |
| Net retail sales, million US$[2] | 1,054.45 | 1,129.96 | (6.68)% |
| convenience stores | 779.71 | 849.15 | (8.18)% |
| hypermarkets | 164.45 | 197.47 | (16.72)% |
| magnit family | 55.96 | 49.06 | 14.08% |
| drogerie stores | 54.34 | 34.28 | 58.51% |
For further information, please contact:
| Timothy Post | Head of Investor Relations Email: [email protected] Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562 |
| Investor Relations Office | [email protected] Direct Line: +7-861-277-4562 Website: ir.magnit.com/ |
| Media Inquiries | Media Relations Department [email protected] |
Company description:
Magnit is Russia's largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of December 31, 2015, Magnit operated 33 distribution centers and 12,089 stores (9,594 convenience, 374 hypermarkets, and 2,121 drogerie stores) in 2,361 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the unaudited IFRS management accounts for 2015, Magnit had revenues of RUB 951 billion and an EBITDA of RUB 104 billion. Magnit's local shares are traded on the Moscow Stock Exchange (MOEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor's of BB+. Measured by market capitalization, Magnit is one of the largest retailers in Europe.
[1] According to management accounts
[2] Based on the average exchange rate for January 2016 - 76.3127 RUB per 1 USD, January 2015 – 61.8773 RUB per 1 USD
Related Shares:
MGNT.L