26th Oct 2009 08:35
Press-release
Krasnodar
October 26, 2009
OJSC "Magnit": OPENING of the 3000th CONVENIENCE STORE
Krasnodar, October 26, 2009: OJSC «Magnit» (the "Company"; RTS, MICEX and LSE: MGNT) is pleased to announce the opening of the 3000th convenience store.
Dear Ladies and Gentlemen!
We would like to inform you that the Company opened its 3000th convenience store at the address of 17 Stroiteley prospect, Kirov (it is the first store in the town). Outlet is leased by the Company for a long-term with its total space of 500 sq. m., selling space of 382 sq. m. and rental space of 64 sq. m.
Today "Magnit" retail chain operates in 985 locations in Russian Federation. As of 26.12.09 total selling space of 3000 convenience stores and 22 hypermarkets makes up 795 026 sq. m.
|
Federal District |
Number of convenience stores |
Total selling space (convenience stores) |
|
Southern |
1 105 |
329 095 |
|
Volga |
885 |
269 758 |
|
Central |
754 |
228 957 |
|
North-Western |
144 |
49 496 |
|
Ural |
112 |
33 396 |
|
Total |
3 000 |
910 702 |
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 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 September 30, 2009 the chain consisted of 2,960 convenience stores and 21 hypermarkets in 974 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, Central and Volga regions. The Company also operates stores in the North-Western and Urals regions.
As of September 30, 2009 the Company operated an in-house logistics system consisting of 9 distribution centers, employing automated stock replenishment systems and a fleet of 1,362 vehicles.
In accordance with the unaudited IFRS consolidated financial statements for the six months ended June 30, 2009, the Company recorded consolidated revenue of approximately US$2,378 million and consolidated EBITDA of around US$224 million.
Related Shares:
MGNT.L