Press Release
Krasnodar
October 29, 2014
PJSC "Magnit" Updates Guidance for 2014
Krasnodar, October 29, 2014: PJSC "Magnit", Russia's largest food
retailer (the "Company"; MICEX and LSE: MGNT),updates guidance for 2014.
Based on the analysis of sales of the nine months and the first
half of October this year the management of the Company updates guidance for
2014:
2014 2014 2014
(original) (updated on July (new)
23, 2014)
Sales growth in RUR: 22 - 24% 26 - 29% 31 - 32%
EBITDA margin: 10.2 - 10.7% 10.6 - 10.9% 11.2 - 11.4%
CAPEX, US$ bn 1.7 -1.8 unchanged unchanged
Number of store openings, net
- convenience stores 1,100 unchanged unchanged
- hypermarkets and "Magnit 80 unchanged unchanged
Family"
- drogerie stores 300 - 350 unchanged unchanged
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.© 2014 PR Newswire
