Press-release
Krasnodar
December 30, 2014
PJSC "Magnit" Announces the Opening of the New Hypermarkets
Krasnodar, December 30, 2014: PJSC "Magnit", Russia's largest retailer (the
"Company"; MICEX and LSE: MGNT), is pleased to announce the opening of the new
hypermarkets.
Please be informed that today the Company has opened its 189th and 190th
hypermarkets.
The 189th hypermarket (small format) is located at 1, Generala Ivanova street
("Vershina" shopping center), Surgut, Khanty-Mansi autonomous district, Urals
federal region. Assortment of the hypermarket consists of about 11,900 SKUs,
out of which about 79% are food items. There are 14 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.
The 190th hypermarket (small format) is located at 23, Krasnoarmeyskoye shosse,
Vyazma, Smolensk oblast, Central federal region. Assortment of the hypermarket
consists of about 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 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@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 September 30,
2014, Magnit operated 25 distribution centers and over 9,020 stores (7,891
convenience, 243 hypermarkets, and 886 drogerie stores) 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.