Press-release
Krasnodar
June 15,
2015
PJSC “Magnit” Announces the Opening of
the 108th “Magnit Family” Store
Krasnodar, June
15, 2015: PJSC “Magnit”, Russia’s largest food
retailer (the “Company”; MOEX and LSE: MGNT), is pleased to
announce the opening of the 108th “Magnit Family”
store.
Please be informed that on June 12,
2015 the Company opened its 108th “Magnit Family”
store located at 9 Peterburgskaya street, Kazan, Republic of
Tatarstan, Volga federal region. Assortment of the store consists
of more than 6,800 SKUs, out of which about 89% are food items.
There are 12 cash desks installed in the sales area. The outlet is
leased by the Company. The store 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: +7-861-277-4554 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 March 31, 2015, Magnit operated 28 distribution
centers and over 10,000 stores (8,581 convenience, 300
hypermarkets, and 1,239 drogerie stores) in approximately 2,180
cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the audited IFRS consolidated financial
statements 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.