10th Jun 2009 07:00
Press-releaseKrasnodar
June 10, 2009
OJSC "Magnit" announces unaudited May 2009 trading update
Krasnodar, June 10, 2009: OJSC «Magnit» (the "Company"; RTS, MICEX and LSE: MGNT) is pleased to announce its unaudited 5M 2009 results 1.
During 5M 2009 the Company opened (net) 181 stores with its total store base reaching 2,763 stores (2,748 convenience stores and 15 hypermarkets) at the end of this period. Preliminary consolidated unaudited net retail revenue (excl. VAT) in 5M2009 increased by 34.50% in ruble terms (compared to 5M2008) and stood at 65,054.75 million rubles.
May 2009 Key Operating and Financial Highlights:
|
May 2009 |
May 2008 |
Growth Rate |
5M2009 |
5M2008 |
Growth Rate |
|
|
Number of opened stores, NET |
46 |
23 |
n/a |
181 |
90 |
n/a |
|
Total number of stores |
2,763 |
2,287 |
n/a |
2,763 |
2,287 |
n/a |
|
Selling space, sq. m. |
884,927 |
700,324 |
26.36% |
884,927 |
700,324 |
26.36% |
|
Net retail sales, million RUR |
13,669.82 |
10,473.84 |
30.51% |
65,054.75 |
48,368.42 |
34.50% |
|
Net retail sales, million US$ |
426.31 |
441.38 |
(3.41)% |
1,943.48 |
2,014.98 |
(3.55)% |
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
|
__________________
1 Management accounts
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 2,568 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 audited IFRS consolidated financial statements for 2008, the Company posted consolidated revenues of approximately US$ 5,348 million and a consolidated EBITDA of around US$ 402 million
Related Shares:
MGNT.L