Press-release
Krasnodar
November 2, 2015
PJSC “Magnit” Announces the Opening of a New Hypermarket and “Magnit Family” Stores
Krasnodar, November 2, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), is pleased to announce the opening of a new hypermarket and a “Magnit Family” stores.
Please be informed that on October 31 the Company opened its hypermarket and “Magnit Family” stores.
The 212th hypermarket (small format) is located at Dzerzhinskogo street, Klintsy, Bryansk oblast, Central federal region. Assortment of the hypermarket consists of more than 12,700 SKUs, out of which about 72% are food items. There are 19 cash desks installed in the sales area. The outlet is leased by the Company. The hypermarket is open 7 days a week from 8 am to 11 pm.
The 132d “Magnit Family” store is located at 133 Zubchaninovskoe shosse, Samara, Samarskaya oblast, Privolzhsky federal region. Assortment of the store consists of around 7,400 SKUs, out of which about 90% are food items. There are 13 cash desks installed in the sales area. The outlet is leased by the Company. The store is open 7 days a week from 9 am to 11 pm.
The 133d “Magnit Family” store is located at 20 Noviy Perviy lane (“Kryudor” shopping center), Taganrog, Rostovskaya oblast, Southern federal region. Assortment of the store consists of around 9,800 SKUs, out of which about 86% are food items. There are 13 cash desks installed in the sales area. The outlet is leased by the Company. The store is open 7 days a week from 9 am to 11 pm.
For further information, please contact:
| Timothy Post |
Director, Investor Relations
Email: post@magnit.ru
Office: +7-861-277-4554 x 17600
Mobile: +7-961-511-7678
Direct Line: +7-861-277-4562 |
| Dina Svishcheva |
Deputy Director, Investor Relations
Email: Chistyak@magnit.ru
Office: +7-861-277-4554 x 15101
Mobile: +7-961-511-0202
Direct Line: +7-861-277-4562 |
| Media Inquiries |
PR and GR Department
press@magnit.ru |
|
Company description:
Magnit is Russia's largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of September 30, 2015, Magnit operated 29 distribution centers and about 11,400 stores (9,246 convenience, 335 hypermarkets, and 1,807 drogerie stores) in approximately 2,297 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the reviewed IFRS consolidated financial statements for 1H 2015. Magnit had revenues of RUB 455 billion and an EBITDA of RUB 49 billion. Magnit's local shares are traded on the Moscow Stock Exchange (MOEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor's of BB+. Measured by market capitalization, Magnit is one of the largest retailers in Europe.