12th Apr 2013 08:10
OJSC MAGNIT - Magnit is Now Russia's Largest Food Retailer by SalesOJSC MAGNIT - Magnit is Now Russia's Largest Food Retailer by Sales
PR Newswire
London, April 12
OJSC "Magnit" is Now the Absolute Leader in the Russian Food Retail Sector
Krasnodar, April 12, 2013: OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT)is now the number one sales in the Russian food retail sector.
Commenting on this information, Sergey Galitskiy, the Company's CEO, announced:
"I'm afraid to be found immodest, but for the first time over the last 15 yearsafter opening of the first store we have become the leader in the food retailsector by sales".
Additionally, OJSC "Magnit" continues to maintain its #1 leadership position inthe Russian food retail sector in terms of the following metrics: total numberof stores, geographic coverage of Russia, top-line growth rates, profitabilitymargins, and, of course, Magnit remains Russia's most valuable food retailer interms of its market capitalization.
For further information, please contact:
Timothy Post Director, Investor Relations e-mail: [email protected] Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 7600 Mob.: +7 (961) 511-76-78 Direct line for investors only: +7 (861) 277-45-62 Dina Svishcheva Deputy Director, 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) 277-45-62Company description:
Headquartered in the southern Russia city of Krasnodar, Magnit (LSE and MICEX:MGNT, S&P: "BB") is the holding company for a group of entities that operate inthe retail trade under the "Magnit" brand. The chain of "Magnit" stores is oneof the leading food retail networks in Russia. As of March 31, 2013 the chainconsisted of 6,209 convenience stores, 132 hypermarkets, 21 "Magnit Family"stores and 713 cosmetics stores (drogerie) in 1,647 cities and towns throughoutthe Russian Federation.
Approximately two-thirds of the Magnit's stores are located in cities with apopulation of less than 500,000 inhabitants. Most of its stores are located inthe Southern, North-Caucasian, Central and Volga regions. The Company alsooperates stores in the North-Western, Urals and Siberian regions.
As of March 31, 2013 Magnit operated an in-house logistics system consisting of18 distribution centers, employing automated stock replenishment systems and afleet of 4,448 vehicles.
In accordance with the audited IFRS consolidated financial statements for 2012,Magnit recorded consolidated revenues of approximately $14,430 million USD anda consolidated EBITDA of $1,524 million USD.
Related Shares:
MGNT.L