15th Dec 2015 07:00
PJSC MAGNIT - "Magnit Family" Store OpeningPJSC MAGNIT - "Magnit Family" Store Opening
PR Newswire
London, December 15
Press-release
Krasnodar
December 15, 2015
PJSC “Magnit” Announces the Opening of the 146th “Magnit Family” Store
Krasnodar, December 15, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), is pleased to announce the opening of the 146th “Magnit Family” store.
Please be informed that on December 15, 2015 the Company opened its 146th “Magnit Family” store located at 30 Sovetskoy Konstitutsii street, Rostov oblast, Southern federal region. Assortment of the store consists of about 8,700 SKUs, out of which about 85% are food items. There are 13 cash desks installed in the sales area. The outlet is owned by the Company. The store is open 7 days a week from 8:30 am to 10 pm.
For further information, please contact:
| Timothy Post | Head of Investor RelationsEmail: [email protected]: +7-861-277-4554 x 17600Mobile: +7-961-511-7678Direct Line: +7-861-277-4562 |
| Investor Relations Office | [email protected] Line: +7-861-277-4562Website: ir.magnit.com/ |
| Media Inquiries | Media Relations [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 September 30, 2015, Magnit operated 29 distribution centers and about 11,400 stores (9,246 convenience, 335 hypermarkets, and 1,807 drogerie stores) in 2,297 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the reviewed IFRS consolidated financial statements for 1H 2015. Magnit had revenues of RUB 455 billion and an EBITDA of RUB 49 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.
Related Shares:
MGNT.L