Press-release
Krasnodar
November 30, 2015
PJSC “Magnit” Announces the Opening of the New “Magnit Family” Stores
Krasnodar, November 30, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), is pleased to announce the opening of the new “Magnit Family” stores.
Please be informed that on 28th and 29th of November the Company opened the following “Magnit Family” stores.
The 137th “Magnit Family” store is located at 16A, Kommunalnaya street, Beloozerskiy Village, Moscow oblast, Central federal region. Assortment of the hypermarket consists of around 7,800 SKUs, out of which about 87% are food items. There are 15 cash desks installed in the sales area. The outlet is leased by the Company. The hypermarket is open 7 days a week from 9 am to 11:00 pm.
The 138th “Magnit Family” store is located at 5, Berezovaya alley, Krasnoznamensk, Moscow oblast, Central federal region. Assortment of the store consists of more than 10,600 SKUs, out of which about 82% 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 10 pm.
For further information, please contact:
| Timothy Post |
Head of Investor Relations
Email: post@magnit.ru
Office: +7-861-277-4554 x 17600
Mobile: +7-961-511-7678
Direct Line: +7-861-277-4562 |
| Investor Relations Office |
MagnitIR@magnit.ru
Direct Line: +7-861-277-4562
Website: ir.magnit.com/ |
| Media Inquiries |
Media Relations 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 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.