PR Newswire
London, May 15
Press-release
Krasnodar
May 15, 2015
PJSC "Magnit" Announces the Opening of the 199th Hypermarket
Krasnodar, May 15, 2015: PJSC "Magnit", Russia's largest food retailer (the
"Company"; MOEX and LSE: MGNT), is pleased to announce the opening of the 199th
hypermarket of a medium format.
Please be informed that today the Company opened its 199th hypermarket of a
medium format located at 15, Cherkasskaya street, Chelyabinsk, Urals federal
region. Assortment of the hypermarket consists of about 21,200 SKUs, out of
which about 73% are food items. There are 21 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 23 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 March 31, 2015,
Magnit operated 28 distribution centers and over 10,000 stores (8,581
convenience, 300 hypermarkets, and 1,239 drogerie stores) in approximately
2,180 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the audited IFRS consolidated financial statements 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 (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.
