Press-release
Krasnodar
October 22, 2014
PJSC "Magnit" Announces the Opening of the 177th Hypermarket
Krasnodar, October 22, 2014: PJSC "Magnit", Russia's largest food retailer (the
"Company"; MICEX and LSE: MGNT), is pleased to announce the opening of the
177th hypermarket of a small format.
Please be informed that today the Company has opened its 177th hypermarket of a
small format located at 90, Kotovskogo street, Vychny Volochyok, Tver oblast,
Central federal region. Assortment of the hypermarket consists of about 10,300
SKUs, out of which about 73% are food items. There are 15 cash desks installed
in the sales area. The outlet is owned by the Company. The hypermarket is open
7 days a week from 9 am to 11 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 September 30,
2014, Magnit operated 25 distribution centers and over 9,020 stores (7,891
convenience, 243 hypermarkets, and 886 drogeries) 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.© 2014 PR Newswire
