5th Mar 2013 07:00
OJSC MAGNIT - New Hypermarkets OpeningOJSC MAGNIT - New Hypermarkets Opening
PR Newswire
London, March 5
OJSC "Magnit" Announces the Opening of New Hypermarkets
Krasnodar, March 5, 2013: OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT) ispleased to announce the opening of new hypermarkets.
Please be informed that today the Company has opened its 129th and 130thhypermarkets.
The 129th hypermarket of a medium format is located at 30 Zhukova street, Ufa,Republic of Bashkortostan, Volga federal district. Assortment of thehypermarket consists of more than 14,200 SKUs, out of which about 68% are fooditems. There are 23 cash desks installed in the sales area. The hypermarket isopen 7 days a week from 9 am to 11 pm.
The 130th hypermarket of a small format is located at 58 Saratovskoe shosse,Balakovo, Saratov region, Volga federal district. Assortment of the hypermarketconsists of more than 10,600 SKUs, out of which about 68% are food items. Thereare 19 cash desks installed in the sales area. The hypermarket is open 7 days aweek from 9 am to 11 pm.
For further information, please contact:
Timothy Post Director, Investor Relations e-mail: [email protected] Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 7600 Mob.: +7 (961) 511-76-78 Direct line for investors only: +7 (861) 277-45-62 Dina Svishcheva Deputy Director, 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:Headquartered in the southern Russia city of Krasnodar, Magnit (LSE and MICEX:MGNT) is the holding company for a group of entities that operate in the retailtrade under the "Magnit" brand. The chain of "Magnit" stores is one of theleading food retail networks in Russia. As of December 31, 2012 the chainconsisted of 6,046 convenience stores, 126 hypermarkets, 20 "Magnit Family"stores and 692 cosmetics stores (drogerie) in 1,605 cities and towns throughoutthe Russian Federation.
Approximately two-thirds of the Magnit's stores are located in cities with apopulation of less than 500,000 inhabitants. Most of its stores are located inthe Southern, North-Caucasian, Central and Volga regions. The Company alsooperates stores in the North-Western, Urals and Siberian regions.
As of December 31, 2012 Magnit operated an in-house logistics system consistingof 18 distribution centers, employing automated stock replenishment systems anda fleet of 4,401 vehicles.
In accordance with the unaudited IFRS management accounts for 2012, Magnitrecorded consolidated revenues of approximately $14,430 million USD and aconsolidated EBITDA of $1,524 million USD.
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MGNT.L