Press-release
Krasnodar
November 10, 2014
PJSC "Magnit" Announces 36.14% Retail Sales Growth in Rubles for
October 2014[1]
Krasnodar, November 10, 2014: PJSC "Magnit", Russia's largest food
retailer (the "Company"; MICEX and LSE: MGNT) announces 36.14% retail sales
growth in rubles for October 2014.
During October 2014 the Company opened (net) 183 stores. The total
store base reached 9,203 stores (8,018 convenience stores, 179 hypermarkets,
72 "Magnit Family" stores and 934 drogerie stores).
Preliminary consolidated unaudited net retail revenue (excl. VAT)
in 10M 2014 increased by 30.66% in ruble terms (compared to 10M 2013) and
stood at 608,511.04 million rubles.
According to Rosstat food inflation in October 2014 amounted to
1.2% compared to 1.1% in October 2013, in 10M 2014 9.6% compared to 5.5% in
10M 2013.
October and 10M 2014 Key Operating and Financial Highlights:
October 2014 October 2013 Growth Rate 10М 2014 10М 2013 Growth Rate
Number of opened stores, NET 183 93 n/a 1,110 855 n/a
convenience stores 127 97 n/a 818 834 n/a
hypermarkets 4 2 n/a 18 24 n/a
magnit family 4 2 n/a 26 12 n/a
drogerie stores 48 (8) n/a 248 (15) n/a
Total number of stores 9,203 7,739 n/a 9,203 7,739 n/a
convenience stores 8,018 6,880 n/a 8,018 6,880 n/a
hypermarkets 179 150 n/a 179 150 n/a
magnit family 72 32 n/a 72 32 n/a
drogerie stores 934 677 n/a 934 677 n/a
Selling space, eop, th. sq. m. 3,394.98 2,874.85 18.09% 3,394.98 2,874.85 18.09%
convenience stores 2,560.93 2,222.90 15.21% 2,560.93 2,222.90 15.21%
hypermarkets 534.01 453.19 17.83% 534.01 453.19 17.83%
magnit family 83.16 37.91 119.36% 83.16 37.91 119.36%
drogerie stores 216.89 160.86 34.84% 216.89 160.86 34.84%
Selling space growth, th. sq.m. 67.98 33.46 n/a 383.60 325.59 n/a
convenience stores 41.22 27.16 n/a 248.73 245.44 n/a
hypermarkets 12.03 4.74 n/a 51.13 65.57 n/a
magnit family 4.33 2.47 n/a 29.90 13.55 n/a
drogerie stores 10.42 (0.92) n/a 53.86 1.03 n/a
Net retail sales, million RUR 66,222.76 48,641.73 36.14% 608,511.04 465,703.21 30.66%
convenience stores 50,437.17 37,825.19 33.34% 464,810.09 364,829.79 27.40%
hypermarkets 11,589.89 8,738.03 32.64% 109,939.68 83,732.89 31.30%
magnit family 2,415.42 1,000.01 141.54% 18,926.07 7,982.68 137.09%
drogerie stores 1,780.27 1,078.50 65.07% 14,835.19 9,157.84 61.99%
Net retail sales, million US$[2] 1,624.26 1,517.06 7.07% 16,932.86 14,708.35 15.12%
convenience stores 1,237.08 1,179.71 4.86% 12,934.13 11,522.46 12.25%
hypermarkets 284.27 272.53 4.31% 3,059.26 2,644.54 15.68%
magnit family 59.24 31.19 89.95% 526.65 252.12 108.89%
drogerie stores 43.67 33.64 29.81% 412.81 289.23 42.73%
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.
---------------------------------
[1] According to management accounts
[2] Based on the average exchange rate for October 2014 - 40.7710
RUB per 1 USD, October 2013 - 32.0631 RUB per 1 USD, 10M 2014 - 35.9367 RUB
per 1 USD, 10M 2013 - 31.6625 RUB per 1 USD© 2014 PR Newswire
