29th Dec 2008 09:07
Press-releaseKrasnodarDecember 29, 2008
OJSC "Magnit": opening of the 100th convenience store in December
Krasnodar, December 29, 2008: OJSC «Magnit» (the "Company"; RTS, MICEX and LSE: MGNT) is pleased to announce the opening of the 100th convenience store in December 2008.
Dear Ladies and Gentlemen!
We would like to inform you that today the Company opened 100th convenience store in December 2008 (55 owned, 45 leased). These stores were opened in 95 different towns. Selling space of 100 convenience stores opened during December 2008 amounts to 34 730 sq. m.
Today the Company operates in 856 locations in Russian Federation.
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Federal District
|
Number of convenience stores
|
Total selling space of convenience stores
|
|
Southern
|
1008
|
295 453
|
|
Volga
|
740
|
222 721
|
|
Central
|
637
|
188 698
|
|
North-Western
|
114
|
38 490
|
|
Ural
|
66
|
21 448
|
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Total
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2 565
|
766 810
|
Besides, selling space of 14 hypermarkets operating as of 29.12.2008 amounts to 56 365 sq. m. Thus, total selling space of the Company is 823 175 sq. m.
For further information, please contact:
Company description:
Based in Krasnodar, in the Southern region of Russia, Open Joint Stock Company "Magnit" is a holding company for a group of entities that operate in the retail trade under the "Magnit" name. The chain of "Magnit" stores is one of the leading operators in the Russian food retail market. As of September 30, 2008 the chain consisted of 2,394 convenience stores and 11 hypermarkets in 796 locations in the Russian Federation.
Approximately two-thirds of the Company's stores are located in cities with a population of less than 500 thousand. Most of its stores are located within the Southern, Central and Volga regions. The Company also operates stores in the North-Western and Urals regions.
As of September 30, 2008 the Company operated an in-house logistics system consisting of 8 distribution centers, employing automated stock replenishment systems and a fleet of 1,133 vehicles.
In accordance with the unaudited IFRS consolidated financial statements for 9M 2008, the Company posted consolidated revenues of approximately US$ 3,881 million and a consolidated EBITDA of around US$ 265 million.
|
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 |
Related Shares:
MGNT.L