Press-release
Krasnodar
August 5, 2014
OJSC "Magnit" Announces the Opening of the 62nd "Magnit Family" Store
Krasnodar, August 5, 2014: OJSC "Magnit", Russia's largest food retailer (the
"Company"; MICEX and LSE: MGNT), is pleased to announce the opening of the 62nd
"Magnit Family" store.
Please be informed that today the Company has opened its 62nd "Magnit Family"
store located at 12, Pirogova street, Volkhov, Leningrad region, North-Western
federal district. Assortment of the store consists of more than 6,300 SKUs, out
of which about 86% are food items. There are 13 cash desks installed in the
sales area. The outlet is owned 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
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 June 30, 2014,
Magnit operated 24 distribution centers and over 8,600 stores (7,614
convenience, 226 hypermarkets, and 778 drogeries) in approximately 2,000 cities
and towns throughout 7 federal regions of the Russian Federation.
In accordance with the audited IFRS consolidated financial statements 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 one
of the largest retailers in Europe.