Krasnodar, Russia, 2014-12-22 — /EPR Retail News/ — PJSC “Magnit”, Russia’s largest retailer (the “Company”; MICEX and LSE: MGNT), is pleased to announce the opening of a new hypermarket and “Magnit Family” stores.
Please be informed that on December 20, 2014 the Company has opened its 89th “Magnit Family” store.
The 89th “Magnit Family” store is located at Gafiatullina street, Bugulma, Republic of Tatarstan, Volga federal region. Assortment of the store consists of more than 8,500 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 hypermarket is open 7 days a week from 9 am to 10 pm.
On December 21, 2014 the Company has opened its 90th and 91st “Magnit Family” stores.
The 90th “Magnit Family” store is located at 28, 40 let Pobedy street, Togliatti, Samara oblast, Volga federal region. Assortment of the store consists of more than 7,400 SKUs, out of which about 93% are food items. There are 13 cash desks installed in the sales area. The outlet is leased by the Company.
The hypermarket is open 7 days a week from 9 am to 11 pm.
The 91st “Magnit Family” store is located at 3, Bolshaya Filevskaya street, Moscow, Central federal region. Assortment of the store consists of more than 9,100 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 hypermarket is open 7 days a week from 9 am to 11 pm.
On December 22, 2014 the Company has opened its 92nd “Magnit Family” store and 185th hypermarket.
The 92nd “Magnit Family” store is located at 16/2, Industrialnoye shosse, Sibay, Republic of Bashkortostan, Volga federal region. Assortment of the store consists of about 7,400 SKUs, out of which about 91% are food items. There are 11 cash desks installed in the sales area. The outlet is leased by the Company. The hypermarket is open 7 days a week from 9 am to 11 pm
The 185th hypermarket (small format) is located at Kurchatova street (“Kosmos” shopping center), Volgograd, Southern federal region. Assortment of the hypermarket consists of more than 12,800 SKUs, out of which about 86% are food items. There are 14 cash desks installed in the sales area. The outlet is leased by the Company. The hypermarket is open 7 days a week from 9 am to 10:30 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: +7-861-277-45-54 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.