11th Aug 2009 07:00
Press-release
Krasnodar
August 11, 2009
OJSC "Magnit" announces unaudited July 2009 trading update
Krasnodar, August 11, 2009: OJSC «Magnit» (the "Company"; RTS, MICEX and LSE: MGNT) is pleased to announce its unaudited 7M 2009 results1.
During 7M 2009 the Company opened (net) 282 stores with its total store base reaching 2,864 stores (2,845 convenience stores and 19 hypermarkets) at the end of this period. Preliminary consolidated unaudited net retail revenue (excl. VAT) in 7M2009 increased by 32.89% in ruble terms (compared to 7M2008) and stood at 93,029.53 million rubles.
July and 7M 2009 Key Operating and Financial Highlights:
|
July 2009 |
July 2008 |
Growth Rate |
7M2009 |
7M2008 |
Growth Rate |
|
|
Number of opened stores, NET |
56 |
26 |
n/a |
282 |
150 |
n/a |
|
Total number of stores |
2,864 |
2,347 |
n/a |
2,864 |
2,347 |
n/a |
|
Selling space, sq. m. |
924,446 |
728,711 |
26.86% |
924,446 |
728,711 |
26.86% |
|
Net retail sales, million RUR |
14,568.43 |
11,178.19 |
30.33% |
93,029.53 |
70,007.04 |
32.89% |
|
Net retail sales, million US$ |
462.21 |
478.71 |
(3.45)% |
2,832.69 |
2,934.37 |
(3.47)% |
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 Chistyak
|
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
|
__________________
1 According to management accounts
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 June 30, 2009 the chain consisted of 2,790 convenience stores and 18 hypermarkets in 922 locations in the Russian Federation.
Approximately two-thirds of the Company's stores are located in cities with 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 June 30, 2009 the Company operated an in-house logistics system consisting of 9 distribution centers, employing automated stock replenishment systems and a fleet of 1,345 vehicles.
In accordance with the audited IFRS consolidated financial statements for 2008, the Company posted consolidated revenue of approximately US$5,348 million and consolidated EBITDA of around US$402 million.
Related Shares:
MGNT.L