1st Sep 2010 08:04
Press-release
Krasnodar
September 1, 2010
OJSC "Magnit" announces acquisition of a 2,000th vehicle
Krasnodar, September 1, 2010: OJSC "Magnit" (the "Company"; RTS, MICEX and LSE: MGNT) is pleased to announce the increase of its fleet to 2,000 vehicles.
Dear Ladies and Gentlemen!
We are pleased to inform you that today the Company has purchased its 2000th truck.
Automobile operating companies of OJSC "Magnit" are located in Bataysk, Kropotkin, Slavyansk-on-Kuban, Engels, Togliatti, Tver, Oryol, Ivanovo, Veliky Novgorod and Chelyabinsk.
Vehicles of the Company make over 1,300 rounds on a daily basis. Today about 6,000 employees are engaged in transportation.
By the end of 2010 the number of vehicles in the Company's fleet will exceed 2,400 trucks.
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 June 30, 2010 the chain consisted of 3,464 convenience stores and 28 hypermarkets in 1,109 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 and Urals regions.
As of June 30, 2010 the Company operated an in-house logistics system consisting of 10 distribution centers, employing automated stock replenishment systems and a fleet of 1,723 vehicles.
In accordance with the unaudited IFRS consolidated financial statements for 1H 2010, the Company recorded consolidated revenue of approximately US$3,448 million and consolidated EBITDA of around US$252 million
Related Shares:
MGNT.L