9th Nov 2012 07:00
Press-releaseKrasnodarNovember 9, 2012
OJSC "Magnit" announces 36% retail sales growth in rubles in October 2012
Krasnodar, November 9, 2012: OJSC "Magnit" announces 36% retail sales growth in rubles in October 2012 .
During 10M 2012 the Company opened (net) 972 stores. The total store base reached 6,281 stores (5,631 convenience stores, 109 hypermarkets, 14 "Magnit Family" stores and 527 cosmetics stores). Preliminary consolidated unaudited net retail revenue (excl. VAT) in 10M 2012 increased by 33.34% in ruble terms (compared to 10M 2011) and stood at 357,713.11 million rubles.
October 2012 Key Operating and Financial Highlights:
October October Growth 10M 10M Growth 2012 2011 Rate 2012 2011 Rate Number of opened stores, NET 162 103 n/a 972 815 n/a convenience stores 108 82 n/a 625 673 n/a hypermarkets 4 1 n/a 19 24 n/a magnit family 3 0 n/a 11 2 n/a cosmetics stores 47 20 n/a 317 116 n/a Total number of stores 6,281 4,870 n/a 6,281 4,870 n/a convenience stores 5,631 4,675 n/a 5,631 4,675 n/a hypermarkets 109 74 n/a 109 74 n/a magnit family 14 3 n/a 14 3 n/a cosmetics stores 527 118 n/a 527 118 n/a
Selling space, thousand sq. 2,324.54 1,782.99 30.37% 2,324.54 1,782.99 30.37%
m. convenience stores 1,849.71 1,520.20 21.68% 1,849.71 1,520.20 21.68% hypermarkets 337.68 231.44 45.90% 337.68 231.44 45.90% magnit family 17.26 3.80 n/a 17.26 3.80 n/a cosmetics stores 119.89 27.56 n/a 119.89 27.56 n/a October October Growth 10M 10M Growth 2012 2011 Rate 2012 2011 Rate
Net retail sales, 38,380.76 28,171.41 36.24% 357,713.11 268,278.56 33.34%million RUR
convenience stores 31,151.08 23,930.88 30.17% 292,906.35 232,002.49 26.25% hypermarkets 6,267.90 4,026.38 55.67% 58,805.37 35,286.22 66.65% magnit family 384.76 87.51 n/a 1,899.49 599.06 n/a cosmetics stores 577.02 126.64 n/a 4,101.90 390.80 n/a
Net retail sales, million US$ 1,234.39 898.27 37.42% 11,502.84 9,241.07 24.48%
convenience stores 1,001.87 763.05 31.30% 9,418.88 7,991.52 17.86% hypermarkets 201.59 128.38 57.02% 1,890.98 1,215.46 55.58% magnit family 12.37 2.79 n/a 61.08 20.64 n/a cosmetics stores 18.56 4.04 n/a 131.90 13.46 n/a
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 September 30, 2012 the chain consisted of 5,523 convenience stores, 105 hypermarkets, 11 "Magnit Family" stores and 480 cosmetics stores (drogerie) in 1,504 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, Urals and Siberian regions.
As of September 30, 2012 the Company operated an in-house logistics system consisting of 17 distribution centers, employing automated stock replenishment systems and a fleet of 4,082 vehicles.
In accordance with the reviewed IFRS consolidated financial statements for 1H 2012, the Company recorded consolidated revenue of approximately US$ 6,776 million and consolidated EBITDA of around US$ 671 million.
According to management accounts
Based on the average exchange rate for October 2012 of 31.0928 RUB per 1 USD, October 2011 - 31.3620 RUB per 1 USD, 10М 2012 - 31.0978 RUB per 1 USD, 10M 2011 - 29.0311 RUB per 1 USD
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