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.

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.

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 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.

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 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.