Press-release
Krasnodar
September 30, 2014
OJSC "Magnit" Announces the Opening of a New Hypermarket and "Magnit Family" store
Krasnodar, September 30, 2014: OJSC "Magnit", Russia's largest retailer (the
"Company"; MICEX and LSE: MGNT), is pleased to announce the opening of a new
hypermarket and "Magnit Family" store.
Please be informed that today the Company has opened its 175th hypermarket and
68th "Magnit Family" store.
The 175th hypermarket (small format) is located at Arkhangelskaya street,
Koryazhma, Arkhangelsk oblast, North West federal region. Assortment of the
hypermarket consists of more than 9,000 SKUs, out of which about 86% 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
pm.
The 68th "Magnit Family" store is located at 2, Lenina street, Yugorsk,
Khanty-Mansi autonomous district, Urals federal region. Assortment of the store
consists of about 8,500 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 10 am to 10 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: +7-861-277-45-54 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 reviewed IFRS consolidated financial statements for 1H
2014, Magnit had revenues of $9,979 million USD and an EBITDA of $1,045 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.