15th Jul 2008 07:00
Press-release
Krasnodar
July 15, 2008
OJSC "Magnit" announces unaudited June 2008 trading update
Krasnodar, July 15, 2008: OJSC «Magnit» (the "Company"; RTS, MICEX and LSE: MGNT) is pleased to announce its unaudited June 2008 results.
During 6M 2008 the Company opened (net) 124 stores (118 convenience stores and 6 hypermarkets) with its total store base reaching 2,321 stores at the end of this period. Preliminary consolidated unaudited net retail revenue in 6M2008 increased by 39.02% in ruble terms (compared to 6M2007) and stood at 58,828.84 million rubles. Net retail sales in dollars increased by 51.43% YoY and stood at US$ 2,456.93 million.
June 2008 Key Operating and Financial Highlights:
|
|
June 2008 |
June 2007 |
Growth Rate |
6M2008 |
6M2007 |
Growth Rate |
|
Number of opened stores, NET |
34 |
25 |
n/a |
124 |
116 |
n/a |
|
Total number of stores |
2,321 |
2,009 |
n/a |
2,321 |
2,009 |
n/a |
|
Selling space, sq.m. |
714,604 |
570,701 |
25.22% |
714,604 |
570,701 |
25.22% |
|
Number of customers, million |
n/a |
n/a |
n/a |
409.67 |
370.09 |
10.69% |
|
Net retail sales, million RUR |
10,460.43 |
7,447.68 |
40.45% |
58,828.84 |
42,317.85 |
39.02% |
|
Net retail sales, million US$ |
442.53 |
287.27 |
54.05% |
2,456.93 |
1,622.45 |
51.43% |
|
LFL growth 6M 2008 to 6M 2007 |
|
|
Average ticket (excl. VAT), RUR |
22.47% |
|
Average ticket (excl. VAT), USD |
33.41% |
|
Number of tickets |
(3.33%) |
|
Revenue, RUR |
18.38% |
|
Revenue, USD |
28.97% |
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
|
Company description:
Based in Krasnodar, in the Southern region of Russia, Open Joint Stock Company "Magnit" is a holding company for a group of entities that operate in the retail trade under the "Magnit" name. The chain of "Magnit" stores is one of the leading operators in the Russian food retail market. As of December 31, 2007 the chain consisted of 2,194 convenience stores and 3 hypermarkets in more than 700 locations in the Russian Federation.
Approximately two-thirds of the Company's stores are located in cities with a population of less than 500 thousand. Most of its stores are located within the Southern, Central and Volga regions. The Company also operates stores in the North-Western and Urals regions.
As of December 31, 2007 the Company operates an in-house logistics system consisting of 8 distribution centers, employing automated stock replenishment systems and a fleet of 802 vehicles.
In accordance with the audited IFRS consolidated financial statements, for 2007, the Company posted consolidated revenues of approximately US$ 3,677 million and a consolidated EBITDA of around US$ 219 million.
Related Shares:
MGNT.L