15th Jun 2010 07:00
Press-release
Krasnodar
June 15, 2010
OJSC "Magnit": opening of a distribution center in Veliky Novgorod
Krasnodar, June 15, 2010: OJSC «Magnit» (the "Company"; RTS, MICEX and LSE: MGNT) is pleased to announce the opening of a new distribution center in Veliky Novgorod.
Dear Ladies and Gentlemen!
We are glad to inform you that the Company opened a new distribution center in Veliky Novgorod. Total space of the warehouse is 21 060 sq. m. Launch of the new distribution center will improve quality of service in the North-Western region.
As of May 31, 2010 "Magnit" retail chain operates 10 distribution centers with their total capacity of 207 755 sq. m.
|
City |
Federal District |
Space, sq. m |
Number of serviced stores |
Share in total DC turnover, % |
|
Bataisk |
Southern |
15 504 |
293 |
8,92% |
|
Kropotkin |
Southern |
30 048 |
468 |
14,73% |
|
Slavyansk-on-Kuban |
Southern |
20 496 |
289 |
9,67% |
|
Engels |
Volga |
19 495 |
445 |
11,07% |
|
Togliatti |
Volga |
18 724 |
406 |
10,33% |
|
Tver |
Central |
10 714 |
244 |
6,48% |
|
Oryol |
Central |
12 197 |
468 |
12,28% |
|
Ivanovo |
Central |
43 365 |
292 |
14,34% |
|
Veliky Novgorod |
North-Western |
16 152 |
372 |
8,48% |
|
Chelyabinsk |
Ural |
21 060 |
147 |
3,70% |
|
Total |
207 755 |
3 424 |
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 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 December 31, 2009 the chain consisted of 3,204 convenience stores and 24 hypermarkets in 1,048 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 December 31, 2009 the Company operated an in-house logistics system consisting of 9 distribution centers, employing automated stock replenishment systems and a fleet of 1,453 vehicles.
In accordance with the audited IFRS consolidated financial statements for the twelve months ended December 31, 2009, the Company recorded consolidated revenue of approximately US$5,354 million and consolidated EBITDA of around US$509 million.
Related Shares:
MGNT.L