Press-release
Krasnodar
June 23,
2015
PJSC “Magnit” Announces the Opening of
the 109th “Magnit Family” Store
Krasnodar, June
23, 2015: PJSC “Magnit”, Russia’s largest food
retailer (the “Company”; MOEX and LSE: MGNT), is pleased to
announce the opening of the 109th “Magnit Family”
store.
Please be informed that today the Company opened its
109th “Magnit Family” store located at 150a
Leningradskaya street, Vologda, North-Western federal region.
Assortment of the store consists of about 8,800 SKUs, out of which
about 90% 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 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.