Press-release
Krasnodar
August 22, 2016
PJSC "Magnit" Announces the Opening of a New "Magnit Family" Store
Krasnodar, August 22, 2016: Public Joint Stock Company "Magnit", Russia's largest food retailer (the "Company"; MOEX and LSE: MGNT), is pleased to announce the opening of the 176th "Magnit Family" store.
The 176th "Magnit Family" store is located at 2 Sovetskaya street, Chebarkul, Chelyabinsk oblast, Urals federal region. Assortment of the store consists of about 7 700 SKUs, out of which about 84% are food items. There are 9 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 10 pm.
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: 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 June 30, 2016, Magnit operated 34 distribution centers and 12,888 stores (9,902 convenience, 398 hypermarkets, and 2,588 drogerie stores) in 2,397 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the unaudited IFRS management accounts for 1H 2016, Magnit had revenues of RUB 522 billion and an EBITDA of RUB 52 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.