29th Dec 2009 07:30
Press-release
Krasnodar
December 28, 2009
OJSC "Magnit" announces the opening of the 24th hypermarket
Krasnodar, December 28, 2009: OJSC «Magnit» (the "Company"; RTS, MICEX and LSE: MGNT) is pleased to announce the opening of the 24th hypermarket.
Dear Ladies and Gentlemen!
We are glad to inform you that today is the opening of the 24th "Magnit" hypermarket located at 31D, Gromovoy str., Togliatti. Total space of the store is 4,800 sq. m. and its selling space is 2,500 sq. m. (158 sq. m. is rental space). Assortment of the "Magnit" hypermarket consists of about 10,400 SKUs, out of which 80% are food items. There are 19 cash desks installed in the sales area.
For further information, please contact:
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Oleg Goncharov
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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
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Dina Svishcheva
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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
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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