12th Feb 2009 07:00
RNS Number : 2058N
OJSC Magnit
12 February 2009
Press-release
Krasnodar
February 12, 2009
OJSC “Magnit”: opening of a new distribution center in Togliatti, owned by the Company
Krasnodar, February 12, 2009: OJSC «Magnit» (the “Company”; RTS, MICEX and LSE: MGNT) is pleased to announce the opening of a new distribution center in Togliatti.
Dear Ladies and Gentlemen!
We are glad to inform you that the Company opened new distribution center in Togliatti, Samara region. Total space of the warehouse is 16 200 sq. m., its premises are owned by the Company. Launch of the new distribution center will improve quality of service in the Volga region.
Today “Magnit” retail chain operates 9 distribution centers with their total capacity of 183 693 sq. m. All distribution centers are owned by the company.
|
City
|
Federal District
|
Space, sq. m.
|
Number of serviced stores
|
Share in total DC turnover, %
|
|
Bataisk
|
Southern
|
16 138
|
279
|
13,48%
|
|
Kropotkin
|
Southern
|
30 048
|
484
|
25,55%
|
|
Slavyansk-on-Kuban
|
Southern
|
20 448
|
106
|
1,40%
|
|
Engels
|
Volga
|
19 495
|
366
|
15,18%
|
|
Togliatti
|
Volga
|
16 200
|
279
|
6,03%
|
|
Tver
|
Central
|
10 714
|
207
|
8,40%
|
|
Oryol
|
Central
|
12 472
|
394
|
14,23%
|
|
Ivanovo
|
Central
|
42 026
|
321
|
10,98%
|
|
Chelyabinsk
|
Ural
|
16 152
|
160
|
4,75%
|
|
Total
|
|
183 693
|
2 596
|
100,00%
|
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, 2008 the chain consisted of 2,565 convenience stores and 14 hypermarkets in 856 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, 2008 the Company operated an in-house logistics system consisting of 9 distribution centers, employing automated stock replenishment systems and a fleet of 1,165 vehicles.
In accordance with the unaudited IFRS consolidated financial statements for 9M 2008, the Company posted consolidated revenues of approximately US$ 3,881 million and a consolidated EBITDA of around US$ 265 million.
This information is provided by RNS
The company news service from the London Stock Exchange
Related Shares:
MGNT.L