Russia’s largest food retailer “Magnit” announces reviewed 1H 2016 results

Krasnodar, 2016-Sep-26 — /EPR Retail News/ — Public Joint Stock Company “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT) announces its reviewed 1H 2016 results prepared in accordance with IFRS.

During 1H 2016 the Company added (net) 799 stores (308 convenience stores, 9 hypermarkets, 15 “Magnit Family” stores and 467 drogerie stores) and increased its selling space by 19.07% in comparison to 1H 2015 from 3,928.00 thousand sq. m. to 4,677.20 thousand sq. m. The total store base as of June 30, 2016 reached 12,888 stores (9,902 convenience stores, 228 hypermarkets, 170 “Magnit Family” stores and 2,588 drogerie stores).

Revenue increased by 14.67% YoY from 454,808.63 million RUR in 1H 2015 to 521,527.58 million RUR in 1H 2016.

Gross profit increased by 11.81% from 127,060.41 million RUR to 142,062.99 million RUR. Gross margin in 1H 2016 amounted to 27.24%.

EBITDA increased from 48,627.66 million RUR in 1H 2015 to 51,599.85 million RUR in 1H 2016. EBITDA margin in the 1H of 2016 was 9.89%. EBITDA margin in the 2Q of 2016 was 11.95%.

1H 2016 net income increased from 25,265.66 million RUR in 1H 2015 to 26,107.24 million RUR in 1H 2016. Net income margin for 1H 2016 was 5.01%.

According to Rosstat, general inflation in June 2016 amounted to 0.4% compared to 0.2% in June 2015, in 6M 2016 it was 3.3% compared to 8.5% in 6M 2015.

Food inflation in June 2016 amounted to 0.1% compared to -0.4% in June 2015, in 6M 2016 it was 3.2% compared to 10.8% in 6M 2015.

According to the reviewed results for the 1H 2016 some absolute numbers presented in this press release are immaterially higher compared to the management accounts numbers announced by the Company on July 25, 2016.

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 June 30, 2016, Magnit operated 34 distribution centers and 12,888 stores (9,902 convenience, 398 hypermarkets and 2,588 drogerie stores) in 2,397 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H 2016, Magnit had revenues of RUB 522 billion and an EBITDA of RUB 52 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.

For further information, please contact:
Timothy Post
Head of Investor Relations
Email: post@magnit.ru
Office: +7-861-277-4554 x 17600
Mobile: +7-961-511-7678
Direct Line: +7-861-277-4562

Investor Relations Office:
MagnitIR@magnit.ru
Direct Line: +7-861-277-4562
Website: http://ir.magnit.com/

Media Inquiries:
Media Relations Department
press@magnit.ru

Source: Magnit

NCR Corporation expand its cooperation with the largest Russian retail chain Magnit

Successful ROI indicators of the implementation of NCR Fastlane SelfServ™ checkouts in 2015 led the largest Russian retailer to rollout the technology in further stores

MOSCOW, RUSSIA, 2016-May-25 — /EPR Retail News/ — NCR Corporation (NYSE: NCR), the global leader in consumer transaction technologies announces the expansion of its cooperation with the largest Russian retail chain Magnit on the installation SelfServ checkouts in its retail stores. The current project includes the implementation of NCR Fastlane SelfServ checkouts with associated software, fiscal printers from NCR’s partner company Shtrih, as well as integration support from New Vision, another local NCR partner.

Together with these two partners, NCR demonstrated in 2015 the value of new technologies for the increase in customer satisfaction, as well as the improvement of the efficiency of work of trade objects in 2015. Based on the results of the cooperation, Magnit has decided to continue with the implementation of Fastlane SelfServ™ checkouts over the next two years. During this period, about 2000 units will be installed in dedicated self-service areas in the majority of its stores.

“In the current economic climate, self-checkout can provide added benefits for retailers. This technology enables retailers to better service customers without increasing the number of staff”, said Andriy Pinkevych, Area Sales Leader of NCR Russia’s Retail Solutions Division.

About Magnit retail chain
The retail chain Magnit is the largest retail network for groceries in Russia. On March 31, 2016 Magnit operated 9,715 stores in the format “at home”, 255 hypermarkets, 157 «Magnit Family» stores, and 2,337 drug stores located in 2,385 locations across the Russian Federation. The company manages its own logistics system consisting of 34 distribution centers, that are equipped with automated stock replenishment systems and a fleet of 5,861 cars.

About NCR Corporation
NCR Corporation (NYSE: NCR) is the global leader in consumer transaction technologies, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables more than 550 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier.

NCR is headquartered in Duluth, Georgia with approximately over 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries.

Web sites: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation

News Media Contacts

Ortrud Wenzel
NCR Public Relations
+49 821 405 8191
ortrud.wenzel@ncr.com

Tim Henschel
NCR Public Relations
770 299 5100
tem.henschel@ncr.com

Magnit FY 2015 Results: Revenue increased by 24.50% YoY

Krasnodar, RUSSIA, 2016-Apr-28 — /EPR Retail News/ — “Magnit”, Russia’s largest retailer (the “Company”; MOEX and LSE: MGNT) announces its audited FY 2015 results prepared in accordance with IFRS.

During 2015 the Company added (net) 2,378 stores (1,250 convenience stores, 29 hypermarkets, 58 “Magnit Family” stores and 1,041 drogerie stores) and increased its selling space by 22.92% in comparison to 2014 from 3,590.64 thousand sq. m. to 4,413.72 thousand sq. m. The total store base as of December 31, 2015 reached 12,089 stores (9,594 convenience stores, 219 hypermarkets, 155 “Magnit Family” stores and 2,121 drogerie stores).

Revenue increased by 24.50% YoY from 763,527.25 million RUR in 2014 to 950,613.34 million RUR in 2015. The top line growth was due to an increase in selling space as well as to a 6.21% increase in like-for-like sales.

Gross profit increased by 22.81% from 220,520.56 million RUR to 270,820.81 million RUR. Gross margin in 2015 amounted to 28.49%.

EBITDA increased by 21.03% from 85,909.67 million RUR in 2014 to 103,972.93 million RUR in 2015. EBITDA margin in 2015 amounted to 10.94%. EBITDA margin in the 4Q of 2015 was 11.09%. Net Debt / EBITDA ratio (in ruble terms) for 2015 amounted to 0.92.

2015 net income increased by 23.85% and amounted to 59,061.20 million RUR vs. 47,685.84 million RUR in 2014. Net income margin for 2015 was 6.21%.

Key figures presented in this press release are immaterially higher compared to numbers under management accounts announced by the Company on January 27, 2016. Thus, according to the audited FY 2015 results EBITDA and EBIT margins are higher by 1 b. p., while Net Income margin is higher 2 b.p.

For further information, please contact:

Timothy Post Head of Investor Relations
Email: post@magnit.ru
Office: +7-861-277-4554 x 17600
Mobile: +7-961-511-7678
Direct Line: +7-861-277-4562

Investor Relations Office MagnitIR@magnit.ru
Direct Line: +7-861-277-4562
Website: http://ir.magnit.com/

Media Inquiries Media Relations Department
press@magnit.ru

 

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 December 31, 2015, Magnit operated 33 distribution centers and about 12,089 stores (9,594 convenience, 374 hypermarkets, and 2,121 drogerie stores) in 2,361 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the audited IFRS results for 2015, Magnit had revenues of RUB 951 billion and an EBITDA of RUB 104 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.

Russia’s largest food retailer Magnit now with 12,089 stores

Krasnodar, RUSSIA, 2016-Feb-02 — /EPR Retail News/ — PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT) announces its unaudited FY 2015 results prepared in accordance with IFRS1.

During 2015 the Company added (net) 2,378 stores (1,250 convenience stores, 29 hypermarkets, 58 “Magnit Family” stores and 1,041 drogerie stores) and increased its selling space by 22.92% in comparison to 2014 from 3,590.64 thousand sq. m. to 4,413.72 thousand sq. m. The total store base as of December 31, 2015 reached 12,089 stores (9,594 convenience stores, 219 hypermarkets, 155 “Magnit Family” stores and 2,121 drogerie stores).

Revenue increased by 24.50% YoY from 763,527.25 million RUR in 2014 to 950,613.34 million RUR in 2015. The top line growth was due to an increase in selling space as well as to a 6.21% increase in like-for-like sales.

Gross profit increased by 22.81% from 220,520.56 million RUR to 270,821.52 million RUR. Gross margin in 2015 amounted to 28.49%.

EBITDA increased by 20.95% from 85,909.67 million RUR in 2014 to 103,911.29 million RUR in 2015. EBITDA margin in 2015 was 10.93%, which is 32 b. p. lower than 11.25% in 2014. EBITDA margin in the 4Q of 2015 was 11.07%.

2015 net income increased by 23.40% and amounted to 58,846.66 million RUR vs. 47,685.84 million RUR in 2014. Net income margin for 2015 was 6.19%.
For further information. please contact:

Timothy Post
Head of Investor Relations
Email: post@magnit.ru
Office: +7-861-277-4554 x 17600
Mobile: +7-961-511-7678
Direct Line: +7-861-277-4562

Investor Relations Office
MagnitIR@magnit.ru
Direct Line: +7-861-277-4562
Website: http://ir.magnit.com/

Media Inquiries Media Relations Department
press@magnit.ru

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 December 31, 2015, Magnit operated 33 distribution centers and about 12,089 stores (9,594 convenience, 374 hypermarkets, and 2,121 drogerie stores) in 2,361 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the unaudited IFRS management accounts for 2015, Magnit had revenues of RUB 951 billion and an EBITDA of RUB 104 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.

Russia’s largest food retailer “Magnit” announces the opening of the 134th “Magnit Family” store

Krasnodar, Russia, 2015-11-10 — /EPR Retail News/ — PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), is pleased to announce the opening of the 134th “Magnit Family” store.

Please be informed that today the Company opened its 134th “Magnit Family” store located at 3B Sovetskaya street, Voskresensk, Moscow oblast, Central federal region. Assortment of the store consists of about 8,800 SKUs, out of which about 91% are food items. There are 15 cash desks installed in the sales area. The outlet is leased by the Company. The store is open 7 days a week from 9 am to 11 pm.

For further information, please contact:

Timothy Post Head of Investor Relations
Email: post@magnit.ru
Office: +7-861-277-4554 x 17600
Mobile: +7-961-511-7678
Direct Line: +7-861-277-4562

Investor Relations Office MagnitIR@magnit.ru
Direct Line: +7-861-277-4562
Website: http://ir.magnit.com/

Media Inquiries Media Relations Department
press@magnit.ru

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, 2015, Magnit operated 29 distribution centers and about 11,400 stores (9,246 convenience, 335 hypermarkets, and 1,807 drogerie stores) in 2,297 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H 2015. Magnit had revenues of RUB 455 billion and an EBITDA of RUB 49 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.

Magnit unaudited 9M 2015 results: Revenue up 27.23% YoY; 1,677 stores added and gross profit increased by 25.66%

Krasnodar, RUSSIA, 2015-10-26 — /EPR Retail News/ — PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT) announces its unaudited 9M 2015 results prepared in accordance with IFRS¹ .

During 9M 2015 the Company added (net) 1,677 stores (902 convenience stores, 18 hypermarkets, 30 “Magnit Family” stores and 727 drogerie stores) and increased its selling space by 24.89% in comparison to 9M 2014 from 3,327.00 thousand sq. m. to 4,154.99 thousand sq. m. The total store base as of September 30, 2015 reached 11,388 stores (9,246 convenience stores, 208 hypermarkets, 127 “Magnit Family” stores and 1,807 drogerie stores).

Revenue increased by 27.23% YoY from 542,675.00 million RUR in 9M 2014 to 690,442.57 million RUR in 9M 2015. The top line growth was due to an increase in selling space as well as to an 8.69% increase of like-for-like sales.

Gross profit increased by 25.66% from 155,476.42 million RUR to 195,375.92 million RUR. Gross margin in 9M 2015 amounted to 28.30%.

EBITDA increased by 23.93% from 60,607.56 million RUR in 9M 2014 to 75,112.79 million RUR in 9M 2015. EBITDA margin in the 9M of 2015 was 10.88%, which is 29 b. p. lower than 9M 2014 (11.17%). EBITDA margin in the 3Q of 2015 was 11.24%.

9M 2015 net income increased by 27.62% and amounted to 43,254.05 million RUR vs. 33,892.65 million RUR in 9M 2014. Net income margin for 9M 2015 was 6.26%.

¹Based on management accounts

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

Media Inquiries PR and GR Department
press@magnit.ru

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, 2015, Magnit operated 29 distribution centers and about 11,400 stores (9,246 convenience, 335 hypermarkets, and 1,807 drogerie stores) in approximately 2,297 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H 2015, Magnit had revenues of RUB 455 billion and an EBITDA of RUB 49 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.

Magnit 1H 2015: 1,017 stores added; Revenue increased by 30.30% YoY

Krasnodar, RUSSIA, 2015-8-26— /EPR Retail News/ — PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT) announces its reviewed 1H 2015 results prepared in accordance with IFRS.

During 1H 2015 the Company added (net) 1,017 stores (546 convenience stores, 11 hypermarkets, 13 “Magnit Family” stores and 447 drogerie stores) and increased its selling space by 23.17% in comparison to 1H 2014 from 3,189.21 thousand sq. m. to 3,928.00 thousand sq. m. The total store base as of June 30, 2015 reached 10,728 stores (8,890 convenience stores, 201 hypermarkets, 110 “Magnit Family” stores and 1,527 drogerie stores).

Revenue increased by 30.30% YoY from 349,047.11 million RUR in 1H 2014 to 454,808.63 million RUR in 1H 2015. The top line growth was due to an increase in selling space as well as to an 11.47% increase of like-for-like sales.

Gross profit increased by 30.81% from 97,134.52 million RUR to 127,060.41 million RUR. Gross margin in 1H 2015 amounted to 27.94%

EBITDA increased by 33.05% from 36,549.60 million RUR in 1H 2014 to 48,627.66 million RUR in 1H 2015. EBITDA margin in the 1H of 2015 was 10.69%, which is 22 b. p. higher than 1H 2014 (10.47%). EBITDA margin in the 2Q of 2015 was 11.96%.

1H 2015 net income increased by 28.98% and amounted to 25,265.66 million RUR vs.19,588.07 million RUR in 1H 2014. Net income margin for 1H 2015 was 5.56%

Key figures presented in this press-release are immaterially higher compared to numbers under management accounts announced by the Company on July 22, 2015. Thus, according to the reviewed results for the 1H 2015 Gross, EBITDA, EBIT and Net Income margins are higher by 1 b.p

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

Media Inquiries PR and GR Department
press@magnit.ru

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 June 30, 2015, Magnit operated 29 distribution centers and over 10,700 stores (8,890 convenience, 311 hypermarkets, and 1,527 drogerie stores) in approximately 2,233 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H 2015. Magnit had revenues of RUB 455 billion and an EBITDA of RUB 49 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.

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Russia’s largest food retailer “Magnit” changes its official website ir.magnit.com

Krasnodar, Russia, 2015-2-2 — /EPR Retail News/ — PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MICEX and LSE: MGNT), announces the change of the official website for information disclosure.

Please be informed that the official website used by the Company for information disclosure has been changed from http://www.magnit-info.ru to http://ir.magnit.com.

According to the legislation of the Russian Federation, information will be also disclosed at http://www.e-disclosure.ru/portal/company.aspx?id=7671.

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 December 31, 2014, Magnit operated 27 distribution centers and over 9,700 stores (8,344 convenience, 287 hypermarkets, and 1,080 drogerie stores) in approximately 2,100 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the unaudited IFRS management accounts 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 (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.

 

 

Russia’s largest retailer “Magnit” announces the opening of its 89th “Magnit Family” store

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.

Russia’s largest food retailer “Magnit” announced the opening of the new “Magnit Family” stores

Krasnodar, RUSSIA, 2014-12-19 — /EPR Retail News/ — PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MICEX and LSE: MGNT), is pleased to announce the opening of the new “Magnit Family” stores.

Please be informed that today the Company has opened its 87th and 88th “Magnit Family” stores.

The 87th “Magnit Family” store is located at 91, Krasnoflotskaya street (“Niagara” shopping center), Stavropol, North Caucasian federal region. Assortment of the store consists of more than 7,000 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 88th “Magnit Family” store is located at Rybatskaya street, Novorossiysk, Krasnodar krai, Southern federal region. Assortment of the store consists of about 8,900 SKUs, out of which about 89% 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 11 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.

Russia’s largest food retailer “Magnit” announces the opening of its 84th and 85th “Magnit Family” stores

Krasnodar, Russia, 2014-12-16 — /EPR Retail News/ — PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MICEX and LSE: MGNT), is pleased to announce the opening of the new “Magnit Family” stores.

Please be informed that today the Company has opened its 84th and 85th “Magnit Family” stores.

The 84th “Magnit Family” store is located at 6, Kommunisticheskaya street, Togliatti, Samara oblast, Volga federal region. Assortment of the store consists of more than 7,600 SKUs, out of which about 88% are food items. There are 9 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 85th “Magnit Family” store is located at 45/4, Krasnaya street, Yeysk, Krasnodar krai, Southern federal region. Assortment of the store consists of more than 7,000 SKUs, out of which about 92% are food items. There are 13 cash desks installed in the sales area. The outlet is leased by the Company.

The store is open 7 days a week from 8 am to 11 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.

Magnit’s CEO Sergey Galitskiy named the CEO of the Year by The Moscow Times

Krasnodar, Russia, 2014-12-12 — /EPR Retail News/ — Sergey Galitskiy, CEO of “Magnit”, Russia’s largest retailer (the “Company”; MICEX and LSE: MGNT) has been named the CEO of the Year by The Moscow Times.

Magnit CEO Sergey Galitskiy became the winner in the CEO of the Year Large Company category by Moscow Times, for combined performance, and growth, investment and operating performance.

The Moscow Times newspaper, together with Brainforce, partner for management, conducted an independent analysis of the major Russian companies with a market capitalization of more than 3.5 billion rubles and sales of over 100 billion rubles. The ranking is based on the Swiss Obermatt Ranking Methodology and presented under the patronage of the Embassy of Switzerland. The results were used to make the first international ranking of Russian top managers: CEO of the Year – Russia – 2014.

The CEOs were ranked based on their company performance in the following categories:
•Operating Performance: Growth of indexed EBITDA (or EBIT, Operating Income)
•Investment Performance: Growth of indexed Total Shareholder Return (TSR)
•Growth Performance: Growth of indexed Sales (or Operating Revenue)
•Combined Performance: Average of indexed EBITDA, indexed TSR and indexed Sales
•Based on audited 2013 results

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.

Russia’s largest food retailer “Magnit” announces the opening of the new “Magnit Family” stores

Krasnodar, 2014-12-11 — /EPR Retail News/ — PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MICEX and LSE: MGNT), is pleased to announce the opening of the new “Magnit Family” stores.

Please be informed that today the Company has opened its 81st and 82nd “Magnit Family” stores.

The 81st “Magnit Family” store is located at 90, Neftyanikov street, Otradny, Samara oblast, Volga federal region. Assortment of the store consists of more than 6,800 SKUs, out of which about 86% 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.

The 82nd “Magnit Family” store is located at 1B, Vysokovoltnaya street (“Noviy rynok” shopping center), Skopin, Ryazan oblast, Central federal region. Assortment of the store consists of more than 4,500 SKUs, out of which about 77% 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 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: +7-861-277-45-54 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.

Russia’s largest food retailer “Magnit” announces the opening of its 77th and 78th “Magnit Family” stores

Krasnodar, Russia, 2014-12-1 — /EPR Retail News/ — PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MICEX and LSE: MGNT), is pleased to announce the opening of the new “Magnit Family” stores.

Please be informed that on November 29, 2014 the Company has opened its 77th and 78th “Magnit Family” stores.

The 77th “Magnit Family” store is located at 81и, Krasnoarmeiskaya street, Kamen-na-Obi, Altai krai, Siberian federal region. Assortment of the store consists of about 5,400 SKUs, out of which about 74% 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 8 am to 10 pm.

The 78th “Magnit Family” store is located at 93, Lenina street, Ust-Labinsk, Krasnodar krai, Southern federal region. Assortment of the store consists of about 4,100 SKUs, out of which about 86% 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 10 pm1.

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
1 At the weekend the hypermarket is open from 8 am to 10 pm

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.

Russia’s largest retailer “Magnit” announces the opening of the 1000th drogerie store

Krasnodar, Russia, 2014-11-28 — /EPR Retail News/ — PJSC “Magnit”, Russia’s largest retailer (the “Company”; MICEX and LSE: MGNT) announces the opening of the 1000th drogerie store.

Please be informed that today the Company opened its 1000th drogerie store located at 18/1 Pavshikh Bortsov street, Mishkino village, Kurgan oblast. This is the first “Magnit Cosmetic” store in this location. The total space of the store is 209 sq. m. and its selling space is 170 sq. m. The outlet is leased by the Company. Population of Mishkino stands at over 8000 people. In this village Magnit already operates its food convenience store.

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.

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
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.

Russia’s largest food retailer “Magnit” announces the opening of its 8000th convenience store

Krasnodar, Russia, 2014-10-30— /EPR Retail News/ — PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MICEX and LSE: MGNT) announces the opening of the 8000th convenience store.

Please be informed that today the Company opened its 8000th convenience store located at 29a Svobody street, Chukhloma, Kostroma oblast. This is the first “Magnit” store in this town where population is about 5000 people. The total space of the store is 477 sq. m. and its selling space is 351 sq. m. The outlet is owned by the Company.

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.

Russia’s largest food retailer Magnit opens new distribution center in Kolomna (Moscow region)

Krasnodar, Russia, 2014-10-20— /EPR Retail News/ — PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MICEX and LSE: MGNT) announces the opening of a new distribution center in Kolomna.

Please be informed that the Company has opened a new distribution center (DC) in Kolomna (Moscow region). Total space of the warehouse is about 84 thsd. sq. m. Launch of the new distribution facility will improve the quality of service in the Central region.

“Magnit” operates 27 distribution centers with their total capacity of about 909 thsd. sq. m.

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 drogeries) 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.

Russia’s largest food retailer “Magnit” announces the opening of its 67th “Magnit Family” store

Krasnodar, Russia, 2014-9-30— /EPR Retail News/ — OJSC “Magnit”, Russia’s largest food retailer (the “Company”; MICEX and LSE: MGNT), is pleased to announce the opening of the 67th “Magnit Family” store.

Please be informed that on September 28, 2014 the Company has opened its 67th “Magnit Family” store located at 142/1, Profsoyuznaya street, Moscow, Central federal region. Assortment of the store consists of about 10,500 SKUs, out of which about 83% are food items. There are 13 cash desks installed in the sales area. The outlet is leased by the Company. The store is open 7 days a week from 9 am to 11 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 June 30, 2014, Magnit operated 24 distribution centers and over 8,600 stores (7,614 convenience, 226 hypermarkets, and 778 drogeries) 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.

Russia’s largest food retailer “Magnit” opens 174th hypermarket of medium format

Krasnodar, 2014-9-23— /EPR Retail News/ — OJSC “Magnit”, Russia’s largest food retailer (the “Company”; MICEX and LSE: MGNT), is pleased to announce the opening of the 174th hypermarket of a medium format.

Please be informed that today the Company has opened its 174th hypermarket of a medium format located at 308 Kirova prospect, Samara, Volga federal region. Assortment of the hypermarket consists of about 19,400 SKUs, out of which about 65% are food items. There are 25 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 11 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 June 30, 2014, Magnit operated 24 distribution centers and over 8,600 stores (7,614 convenience, 226 hypermarkets, and 778 drogeries) 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.

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