Press-release
Krasnodar
March 18, 2014
OJSC "Magnit" Announces the Opening of the 49th "Magnit Family" Store
Krasnodar, March 18, 2014: OJSC "Magnit", Russia's largest retailer (the
"Company"; MICEX and LSE: MGNT), is pleased to announce the opening of the 49th
"Magnit Family" store.
Please be informed that today the Company has opened its 49th "Magnit Family"
store located at Mira street, Nizhnevartovsk, Khanty-Mansiysk autonomous
district, Urals federal district. Assortment of the store consists of about
7,500 SKUs, out of which about 85% are food items. There are 13 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 pm.
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: +7-861-277-4554 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.