Press-release
Krasnodar
March 11, 2014
OJSC "Magnit" Announces 25.22% Retail Sales Growth in Rubles for
February 2014[1]
Krasnodar, March 11, 2014: OJSC "Magnit", Russia's largest retailer
(the "Company"; MICEX and LSE: MGNT) announces 25.22% retail sales growth in
rubles for February 2014.
During February 2014 the Company opened (net) 78 stores. The total
store base reached 8,207 stores (7,296 convenience stores, 162 hypermarkets,
48 "Magnit Family" stores and 701 cosmetics stores).
Preliminary consolidated unaudited net retail revenue (excl. VAT)
in 2M 2014 increased by 25.22% in ruble terms (compared to 2M 2013) and stood
at 104,138.56 million rubles.
According to Rosstat food inflation in February 2014 amounted to
1.2% compared to 0.8% in February 2013.
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[1] According to management accounts
February and 2M 2014 Key Operating and Financial Highlights:
February February Growth 2М 2014 2М 2013 Growth
2014 2013 Rate Rate
Number of opened stores, NET 78 74 n/a 114 111 n/a
convenience stores 62 59 n/a 96 93 n/a
hypermarkets 1 2 n/a 1 2 n/a
magnit family 2 0 n/a 2 1 n/a
cosmetics stores 13 13 n/a 15 15 n/a
Total number of stores 8,207 6,995 n/a 8,207 6,995 n/a
convenience stores 7,296 6,139 n/a 7,296 6,139 n/a
hypermarkets 162 128 n/a 162 128 n/a
magnit family 48 21 n/a 48 21 n/a
cosmetics stores 701 707 n/a 701 707 n/a
Selling space growth, th. sq.m. 24.52 28.25 n/a 32.70 41.81 n/a
convenience stores 17.36 19.36 n/a 24.91 29.90 n/a
hypermarkets 1.97 5.46 n/a 1.97 5.46 n/a
magnit family 2.36 0 n/a 2.36 1.45 n/a
cosmetics stores 2.84 3.44 n/a 3.47 5.00 n/a
Selling space, eop, th. sq. m. 3,044.07 2,591.07 17.48% 3,044.07 2,591.07 17.48%
convenience stores 2,337.10 2,007.36 16.43% 2,337.10 2,007.36 16.43%
hypermarkets 484.85 393.07 23.35% 484.85 393.07 23.35%
magnit family 55.62 25.81 115.51% 55.62 25.81 115.51%
cosmetics stores 166.51 164.83 1.02% 166.51 164.83 1.02%
Net retail sales, million RUR 52,473.10 41,906.15 25.22% 104,138.56 83,166.75 25.22%
convenience stores 40,281.40 33,154.50 21.50% 80,365.36 66,343.52 21.14%
hypermarkets 9,469.06 7,280.76 30.06% 18,544.72 14,097.16 31.55%
magnit family 1,407.01 631.44 122.83% 2.749.41 1,206.08 127.96%
cosmetics stores 1,315.62 839.45 56.72% 2,479.07 1,520.00 63.10%
Net retail sales, million US$[2] 1,489.61 1,389.40 7.21% 3,036.07 2,752.76 10.29%
convenience stores 1,143.51 1,099.24 4.03% 2,342.98 2,195.93 6.70%
hypermarkets 268.81 241.39 11.36% 540.65 466.61 15.87%
magnit family 39.94 20.94 90.79% 80.16 39.92 100.79%
cosmetics stores 37.35 27.83 34.19% 72.27 50.31 43.66%
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[2] Based on the average exchange rate for February 2014 - 35.2260
RUB per 1 USD, February 2013 - 30.1613 RUB per 1 USD, 2M 2014 - 34.3005 RUB
per 1 USD, 2M 2013 - 30.2121 RUB per 1 USD
For further information, please contact:
Timothy Post Director, Investor Relations
Email: post@gw.tander.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@gw.tander.ru
Office: +7-861-277-45-54 x 15101
Mobile: +7-961-511-0202
Direct Line: +7-861-277-4562
Company description:
Magnit is Russia's largest retailer. Founded in 1994, the company
is headquartered in the southern Russian city of Krasnodar. As of December 31,
2013, Magnit operated 22 distribution centers and over 8,000 stores (7,200
convenience, 207 hypermarkets, and 686 cosmetics) in more than 1,868 cities
and towns throughout 7 federal regions of the Russian Federation.
In accordance with the unaudited IFRS management accounts for 2013,
Magnit had revenues of $18,202 million USD and an EBITDA of $2,032 million
USD. Magnit's local shares are traded on the Moscow Stock Exchange (MICEX:
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 now Europe's 2nd largest retailer.