30th Dec 2008 07:00
Press-releaseKrasnodarDecember 30, 2008
OJSC "Magnit": opening of a distribution center in Slavyansk-on-Kuban
Krasnodar, December 30, 2008: OJSC «Magnit» (the "Company"; RTS, MICEX and LSE: MGNT) is pleased to announce the opening of a new distribution center in Slavyansk-on-Kuban.
Dear Ladies and Gentlemen!
We are glad to inform you that the Company opened new distribution center in Slavyansk-on-Kuban, Krasnodar region. Total space of the warehouse is 20 448 sq. m., its premises are owned by the Company. Launch of the new distribution center will improve quality of service in the Southern region.
Today "Magnit" retail chain operates 9 distribution centers with their total capacity of 175 872 sq. m.
|
City
|
Federal District
|
Space, sq. m
|
Number of serviced stores
|
Share in total DC turnover, %
|
Owned/Leased
|
|
Bataisk
|
Southern
|
16 138
|
305
|
13,05%
|
Owned
|
|
Kropotkin
|
Southern
|
30 048
|
530
|
26,43%
|
Owned
|
|
Slavyansk-on-Kuban
|
Southern
|
20 448
|
32
|
0,32%
|
Owned
|
|
Engels
|
Volga
|
19 495
|
362
|
14,50%
|
Owned
|
|
Togliatti
|
Volga
|
8 379
|
279
|
5,97%
|
Leased
|
|
Tver
|
Central
|
10 714
|
203
|
8,29%
|
Owned
|
|
Oryol
|
Central
|
12 472
|
385
|
13,44%
|
Owned
|
|
Ivanovo
|
Central
|
42 026
|
319
|
13,57%
|
Owned
|
|
Chelyabinsk
|
Ural
|
16 152
|
150
|
4,43%
|
Owned
|
|
Total
|
|
175 872
|
2 565
|
100,00%
|
|
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 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.
Related Shares:
MGNT.L