11th Nov 2009 07:00
Press-release
Krasnodar
November 11, 2009
OJSC "Magnit" announces unaudited October 2009 results
Krasnodar, November 11, 2009: OJSC «Magnit» (the "Company"; RTS, MICEX and LSE: MGNT) is pleased to announce its unaudited 10M 2009 results (1).
During 10M 2009 the Company opened (net) 460 stores. The total store base reached 3,042 stores (3,020 convenience stores and 22 hypermarkets). Preliminary consolidated unaudited net retail revenue (excl. VAT) for 10M2009 increased by 30.00% in ruble terms (compared to 10M2008) and stood at 136,111.98 million rubles.
October and 10M 2009 Key Operating and Financial Highlights:
|
October 2009 |
October 2008 |
Growth Rate |
10M2009 |
10M2008 |
Growth Rate |
|
|
Number of opened stores, NET |
61 |
34 |
n/a |
460 |
242 |
n/a |
|
Total number of stores |
3,042 |
2,439 |
n/a |
3,042 |
2,439 |
n/a |
|
Total selling space, sq. m. |
988,290 |
766,188 |
28.99% |
988,290 |
766,188 |
28.99% |
|
Net retail sales, million RUB |
14,465.80 |
11,811.57 |
22.47% |
136,111.98 |
104,702.22 |
30.00% |
|
Net retail sales, million USD (2) |
490.75 |
448.16 |
9.50% |
4,230.35 |
4,312.23 |
(1.90)% |
(1) According to management accounts
(2) Based on the average exchange rate for October 2009 of 29.4772 RUB per 1 USD, October 2008 - 26.3559 RUB per 1 USD, 10М 2009 - 32.1751 RUB per 1 USD, 10М 2008 - 24.2803 RUB per 1 USD
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