Press-release
Krasnodar
June 25,
2015
PJSC “Magnit” Has Opened the 1500th Drogerie
Store
Krasnodar, June 25, 2015:
PJSC “Magnit”, Russia’s largest retailer (the “Company”; MOEX and
LSE: MGNT) announces the opening of the 1500th drogerie store.
Please be informed that today the Company opened its
1500th drogerie store located at 27 K Mira
prospect, Kuvandyk, Orenburg oblast. This is the first "Magnit
Cosmetic" store in this location. The total space of the store is
185 sq. m. and its selling space is 160 sq. m. The outlet is leased
by the Company. Population of Kuvandyk stands at over 25 000
people. In this town Magnit already operates six food convenience
stores.
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 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.