Press-release
Krasnodar
January 12, 2015
PJSC "Magnit" Announces 37.30% Retail Sales Growth in Rubles for
December 2014[1]
Krasnodar, January 12, 2015: PJSC "Magnit", Russia's largest food
retailer (the "Company"; MICEX and LSE: MGNT) announces 37.30% retail sales
growth in rubles for December 2014.
During December 2014 the Company opened (net) 204 stores. The total
store base reached 9,711 stores (8,344 convenience stores, 190 hypermarkets,
97 "Magnit Family" stores and 1,080 drogerie stores).
Preliminary consolidated unaudited net retail revenue (excl. VAT)
in 12M 2014 increased by 31.61% in ruble terms (compared to 12M 2013) and
stood at 762,721.31 million rubles.
December 2014 Key Operating and Financial Highlights:
December 2014 December 2013 Growth Rate
Number of opened stores, NET 204 173 n/a
convenience stores 111 140 n/a
hypermarkets 9 9 n/a
magnit family 19 12 n/a
drogerie stores 65 12 n/a
Total number of stores 9,711 8,093 n/a
convenience stores 8,344 7,200 n/a
hypermarkets 190 161 n/a
magnit family 97 46 n/a
drogerie stores 1,080 686 n/a
Selling space growth, th. sq.m. 96.05 77,51 n/a
convenience stores 41.63 38,90 n/a
hypermarkets 21.36 22,82 n/a
magnit family 19.09 13,24 n/a
drogerie stores 13.97 2,55 n/a
Selling space, eop, th. sq. m. 3,590.64 3,011.38 19.24%
convenience stores 2,673.31 2,312.20 15.62%
hypermarkets 559.09 482.88 15.78%
magnit family 109.07 53.26 104.78%
drogerie stores 249.17 163.04 52.83%
Number of customers, million 282.35 234.52 20.40%
convenience stores 240.45 204.82 17.40%
hypermarkets 24.04 20.15 19.30%
magnit family 7.79 3.79 105.29%
drogerie stores 10.07 5.76 74.93%
Net retail sales, million RUR 87,355.88 63,624.03 37.30%
convenience stores 62,684.52 47,132.34 33.00%
hypermarkets 17,621.14 13,221.25 33.28%
magnit family 4,019.29 1,640.41 145.02%
drogerie stores 3,030.93 1,630.03 85.94%
Net retail sales, million US$[2] 1,572.88 1,934.18 (18.68)%
convenience stores 1,128.66 1,432.83 (21.23)%
hypermarkets 317.28 401.93 (21.06)%
magnit family 72.37 49.87 45.12%
drogerie stores 54.57 49.55 10.13%
4Q and 12M 2014 Key Operating and Financial Highlights:
4Q 2014 4Q 2013 Growth Rate 12М 2014 12М 2013 Growth Rate
Number of opened stores, NET 691 447 n/a 1,618 1,209 n/a
convenience stores 453 417 n/a 1,144 1,154 n/a
hypermarkets 15 13 n/a 29 35 n/a
magnit family 29 16 n/a 51 26 n/a
drogerie stores 194 1 n/a 394 (6) n/a
Total number of stores 9,711 8,093 n/a 9,711 8,093 n/a
convenience stores 8,344 7,200 n/a 8,344 7,200 n/a
hypermarkets 190 161 n/a 190 161 n/a
magnit family 97 46 n/a 97 46 n/a
drogerie stores 1,080 686 n/a 1,080 686 n/a
Selling space, eop, th. sq. m. 3,590.64 3,011.38 19.24% 3,590.64 3,011.38 19.24%
convenience stores 2,673.31 2,312.20 15.62% 2,673.31 2,312.20 15.62%
hypermarkets 559.09 482.88 15.78% 559.09 482.88 15.78%
magnit family 109.07 53.26 104.78% 109.07 53.26 104.78%
drogerie stores 249.17 163.04 52.83% 249.17 163.04 52.83%
Selling space growth, th. sq.m. 263.64 169.99 n/a 579.26 462.12 n/a
convenience stores 153.60 116.46 n/a 361.11 334.74 n/a
hypermarkets 37.11 34.43 n/a 76.21 95.26 n/a
magnit family 30.24 17.83 n/a 55.81 28.91 n/a
drogerie stores 42.69 1.27 n/a 86.13 3.21 n/a
Number of customers, million 785.28 656.92 19.54% 2,944.12 2,465.05 19.43%
convenience stores 676.19 579.17 16.75% 2,567.15 2,193.87 17.01%
hypermarkets 64.50 53.45 20.67% 237.59 193.06 23.06%
magnit family 19.67 9.57 105.68% 60.93 29.60 105.86%
drogerie stores 24.91 14.73 69.18% 78.45 48.52 61.68%
Net retail sales, million RUR 220,433.04 162,467.00 35.68% 762,721.31 579,528.48 31.61%
convenience stores 163,402.86 123,796.88 31.99% 577,775.77 450,801.48 28.17%
hypermarkets 41,305.34 31,180.71 32.47% 139,655.12 106,175.58 31.53%
magnit family 9,023.09 3,695.40 144.17% 25,533.74 10,678.07 139.12%
drogerie stores 6,701.76 3,794.01 76.64% 19,756.68 11,873.35 66.40%
Net retail sales, million US$[3] 4,648.10 4,993.85 (6.92)% 19,851.32 18,196.70 9.09%
convenience stores 3,445.55 3,805.22 (9.45)% 15,037.75 14,154.78 6.24%
hypermarkets 870.97 958.42 (9.12)% 3,634.80 3,333.82 9.03%
magnit family 190.26 113.59 67.50% 664.57 335.28 98.21%
drogerie stores 141.31 116.62 21.18% 514.21 372.81 37.93%
LFL results
Formats 4Q 2014 - 4Q 2013[4]
# of Stores Average Ticket Traffic Sales
Convenience Stores 6,634 12.82% 3.77% 17.07%
Hypermarkets 152 10.83% 5.06% 16.43%
Magnit Family 34 11.96% 6.76% 19.53%
Drogeries 591 5.49% 23.08% 29.84%
Total 7,411 12.41% 4.33% 17.28%
Formats 12M 2014 - 12M 2013[4]
# of Stores Average Ticket Traffic Sales
Convenience Stores 6,014 9.81% 3.68% 13.85%
Hypermarkets 152 7.98% 5.63% 14.05%
Magnit Family 33 9.28% 8.87% 18.97%
Drogeries 500 3.76% 35.69% 40.79%
Total 6,699 9.58% 4.47% 14.47%
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 (3,344 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 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 December 2014 - 55.5389
RUB per 1 USD, December 2013 - 32.8945 RUB per 1 USD
[3] Based on the average exchange rate for 4Q 2014 - 47.4243 RUB
per 1 USD, 4Q 2013 - 32.5334 RUB per 1 USD, 12M 2014 - 38.4217 RUB per 1 USD,
12M 2013 - 31.8480 RUB per 1 USD
[4] LFL calculation base includes stores (all formats), which have
been opened 12 months prior to the last month of the reporting period. i.e. by
December 1, 2013.PJSC MAGNIT - December/12M 2014 Results
© 2015 PR Newswire
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