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Russia’s largest food retailer “Magnit” exceeded 250 thousand headcount

Krasnodar, 2014-11-14— /EPR Retail News/ — PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MICEX and LSE: MGNT), is pleased to announce that its total headcount has now exceeded 250 thousand.

Please be informed that the total headcount of PJSC “Magnit” group of companies has exceeded 250 000, including over 231 000 active employees (about 20 000 are on maternity leave).

The Company’s personnel breakdown is the following:
69.3% – in-store personnel;
21.2% – people engaged in distribution;
6.3% – people in regional branches;
3.2% – employed by the Head Office.

PJSC “Magnit” is the largest private employer in Russia.

For further information, please contact:
Timothy Post Director, Investor Relations
Office: +7-861-277-4554 x 17600
Mobile: +7-961-511-7678
Direct Line: +7-861-277-4562

Dina Svishcheva Deputy Director, Investor Relations
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.

EPR Retail News