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MAGNIT PJSC (MGNT)
MAGNIT PJSC: Opening of a New Distribution Center
16-Nov-2017 / 12:06 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Press Release
Krasnodar
November 16, 2017
PJSC "Magnit" Announces the Opening of the First Distribution Center beyond
the Polar circle
Krasnodar, Russia (November 16, 2017): Magnit PJSC, one of Russia's leading
retailers (the "Company", MOEX and LSE: MGNT) announces the opening of a new
distribution center in Murmansk oblast.
Please be informed that the Company opened a new distribution center (DC) in
Murmansk oblast. Total space of the DC is 33 578 sq. m. Launch of the new
distribution facility will improve the quality of service in the
North-Western region.
"Magnit" operates 37 distribution centers with their total capacity of about
1,640 thousand sq. m.
For further information, please contact:
Timothy Post Head of Investor Relations
Email: post@magnit.ru
Office: +7-861-277-4554 x 17600
Dina Svishcheva Deputy Director, Investor Relations
Email: Chistyak@magnit.ru
Office: +7-861-277-4554 x 15101
Media Inquiries Media Relations Department
press@magnit.ru
Company description:
Public Joint Stock Company "Magnit" is one of Russia's leading retailers.
Founded in 1994, the company is headquartered in the southern Russian city
of Krasnodar. As of September 30, 2017, Magnit operated 36 distribution
centers and 15,697 stores (11,743 convenience, 432 hypermarkets and 3,522
drogerie stores) in 2,664 cities and towns throughout 7 federal regions of
the Russian Federation.
In accordance with the reviewed IFRS consolidated financial statements for
1H 2017, Magnit had revenues of RUB 555 billion and an EBITDA of RUB 49
billion. Magnit's local shares are traded on the Moscow 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.
ISIN: US55953Q2021
Category Code: MSCU
TIDM: MGNT
LEI Code: 2534009KKPTVL99W2Y12
OAM Categories: 3.1. Additional regulated information required to be
disclosed under the laws of a Member State
Sequence No.: 4877
End of Announcement EQS News Service
630107 16-Nov-2017
(END) Dow Jones Newswires
November 16, 2017 06:06 ET (11:06 GMT)
