10th Jun 2010 07:00
Press-release
Krasnodar
June 10, 2010
OJSC "Magnit" announces unaudited May 2010 results
Krasnodar, June 10, 2010: OJSC «Magnit» (the "Company"; RTS, MICEX and LSE: MGNT) is pleased to announce its unaudited May 2010 results[1].
During 5M 2010 the Company opened (net) 196 stores. The total store base reached 3,424 stores (3,398 convenience stores and 26 hypermarkets). Preliminary consolidated unaudited net retail revenue (excl. VAT) in 5M 2010 increased by 30.70% in ruble terms (compared to 5M 2009) and stood at 85,025.89 million rubles. Net retail sales in May 2010 increased by 35.41% vs. May 2009 and amounted to 18,510.89 million rubles.
May 2010 Key Operating and Financial Highlights:
|
|
May 2010 |
May 2009 |
Growth Rate |
5M2010 |
5M2009 |
Growth Rate |
|
Number of opened stores, NET |
61 |
46 |
n/a |
196 |
181 |
n/a |
|
convenience stores |
60 |
45 |
n/a |
194 |
180 |
n/a |
|
hypermarkets |
1 |
1 |
n/a |
2 |
1 |
n/a |
|
|
||||||
|
Total number of stores |
3 424 |
2 763 |
n/a |
3 424 |
2 763 |
n/a |
|
convenience stores |
3 398 |
2 748 |
n/a |
3 398 |
2 748 |
n/a |
|
hypermarkets |
26 |
15 |
n/a |
26 |
15 |
n/a |
|
|
||||||
|
Selling space, sq. m. |
1,127,561 |
884,927 |
27.42% |
1,127,561 |
884,927 |
27.42% |
|
convenience stores |
1,041,298 |
826,062 |
26.06% |
1,041,298 |
826,062 |
26.06% |
|
hypermarkets |
86,263 |
58,865 |
46.54% |
86,263 |
58,865 |
46.54% |
|
|
||||||
|
Net retail sales, million RUR |
18, 510.89 |
13,669.82 |
35.41% |
85,025.89 |
65,054.75 |
30.70% |
|
convenience stores |
16,846.09 |
12,729.99 |
32.33% |
77,649.40 |
60,771.95 |
27.77% |
|
hypermarkets |
1,664.80 |
939.83 |
77.14% |
7,376.49 |
4,282.79 |
72.24% |
|
|
||||||
|
Net retail sales, million US$[2] |
609.75 |
426.31 |
43.03% |
2,848.54 |
1,943.48 |
46.57% |
|
convenience stores |
554.91 |
397.00 |
39.77% |
2,601.42 |
1,815.54 |
43.29% |
|
hypermarkets |
54.84 |
29.31 |
87.10% |
247.13 |
127.95 |
93.15% |
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.
[1] According to management accounts
[2] Based on the average exchange rate for May 2010 of 30.3582 RUB per 1 USD, May 2009 - 32.0652 RUB per 1 USD, 5М 2010 - 29.8489 RUB per 1 USD, 5М 2009 - 33.4733 RUB per 1 USD
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