Press-release
Krasnodar
March 20, 2015
PJSC "Magnit" Announces the Opening of the 99th "Magnit Family" Store
Krasnodar, March 20, 2015: PJSC "Magnit", Russia's largest food retailer (the
"Company"; MOEX and LSE: MGNT), is pleased to announce the opening of the 99th
"Magnit Family" store.
Please be informed that today the Company has opened its 99th "Magnit Family"
store located at 3, Magistralnaya street, Meleuz, Republic of Bashkortostan,
Volga federal region. Assortment of the store consists of about 8,900 SKUs, out
of which about 84% 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 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: +7-861-277-4554 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 December 31,
2014, Magnit operated 27 distribution centers and over 9,700 stores (8,344
convenience, 287 hypermarkets, and 1,080 drogerie stores) in approximately
2,100 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the unaudited IFRS management accounts for 2014, Magnit had
revenues of RUB 764 billion and an EBITDA of RUB 86 billion. Magnit's local
shares are traded on the Moscow Stock Exchange (MOEX: 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.