10th Oct 2012 10:16
Press-releaseKrasnodarOctober 10, 2012
OJSC "Magnit" Announces that the Number of Active Employees has now Exceeded 150 Thousand
Krasnodar, October 10, 2012: OJSC "Magnit" announces that the number of active employees has now exceeded 150 thousand.
Please be informed that the number of active employees in OJSC "Magnit" group of companies has exceeded 150,000. The total number of the Company's employees as of October 10th, 2012, reached 165,000.
Based on public data (official websites of the companies, annual and quarterly reports), the Company made the list of the largest employers. We assume that today OJSC "Magnit" is likely the largest private employer in Russia and the 7th largest employer amongst public and private companies listed below:
1. Russian Railways 2. Gazprom 3. Russian Post 4. Sberbank 5. IDGC Holding 6. Rosneft 7. Magnit
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.
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