Press Release
Krasnodar
August 9, 2016
PJSC "Magnit" Announces 13.77% Retail Sales Growth in Rubles for July 2016[1]
Krasnodar, August 9, 2016: PJSC "Magnit", Russia's largest food retailer (the "Company"; MOEX and LSE: MGNT) announces 13.77% retail sales growth in rubles for July 2016.
During July 2016 the Company opened (net) 133 stores. The total store base reached 13,021 stores (9,955 convenience stores, 230 hypermarkets, 174 "Magnit Family" stores and 2,662 drogerie stores).
Preliminary consolidated unaudited net retail revenue (excl. VAT) in 7M 2016 increased by 14.38% in ruble terms (compared to 7M 2015) and stood at 612,374.89 million rubles.
According to Rosstat, general inflation in July 2016 amounted to 0.5% compared to 0.8% in July 2015, in 7M 2016 it was 3.9% compared to 9.4% in 7M 2015.
Food inflation in July 2016 amounted to 0.0% compared to -0.3% (minus zero point three) in July 2015, in 7M 2016 it was 3.2% compared to 10.5% in 7M 2015.
July and 7M 2016 Key Operating and Financial Highlights[2]:
July 2016 | July 2015 | Growth Rate | 7M 2016 | 7M 2015 | Growth Rate | |
Number of opened stores, NET | 133 | 211 | n/a | 932 | 1,228 | n/a |
convenience stores | 53 | 108 | n/a | 361 | 654 | n/a |
hypermarkets | 2 | 5 | n/a | 11 | 16 | n/a |
magnit family | 4 | 5 | n/a | 19 | 18 | n/a |
drogerie stores | 74 | 93 | n/a | 541 | 540 | n/a |
Total number of stores | 13,021 | 10,939 | n/a | 13,021 | 10,939 | n/a |
convenience stores | 9,955 | 8,998 | n/a | 9,955 | 8,998 | n/a |
hypermarkets | 230 | 206 | n/a | 230 | 206 | n/a |
magnit family | 174 | 115 | n/a | 174 | 115 | n/a |
drogerie stores | 2,662 | 1,620 | n/a | 2,662 | 1,620 | n/a |
Selling space, eop, th. sq. m. | 4,722.33 | 4,001.98 | 18.00% | 4,722.33 | 4,001.98 | 18.00% |
convenience stores | 3,258.33 | 2,903.44 | 12.22% | 3,258.33 | 2,903.44 | 12.22% |
hypermarkets | 661.74 | 600.53 | 10.19% | 661.74 | 600.53 | 10.19% |
magnit family | 191.27 | 127.92 | 49.52% | 191.27 | 127.92 | 49.52% |
drogerie stores | 610.99 | 370.09 | 65.09% | 610.99 | 370.09 | 65.09% |
Selling space growth, th. sq. m. | 45.13 | 73.98 | n/a | 308.61 | 411.34 | n/a |
convenience stores | 22.20 | 37.19 | n/a | 138.77 | 230.13 | n/a |
hypermarkets | 1.23 | 10.72 | n/a | 22.60 | 41.44 | n/a |
magnit family | 4.22 | 5.19 | n/a | 21.09 | 18.85 | n/a |
drogerie stores | 17.47 | 20.88 | n/a | 126.15 | 120.92 | n/a |
Net retail sales, million RUR | 92,916.10 | 81,669.91 | 13.77% | 612,374.89 | 535,367.97 | 14.38% |
convenience stores | 68,821.44 | 60,485.54 | 13.78% | 453,848.88 | 398,919.29 | 13.77% |
hypermarkets | 13,547.91 | 13,807.44 | (1.88)% | 92,503.95 | 93,178.57 | (0.72)% |
magnit family | 4,991.56 | 3,746.84 | 33.22% | 32,484.97 | 24,083.66 | 34.88% |
drogerie stores | 5,555.18 | 3,630.09 | 53.03% | 33,537.10 | 19,186.45 | 74.80% |
Net retail sales, million US$ | 1,444.09 | 1,430.83 | 0.93% | 8,824.19 | 9,335.07 | (5.47)% |
convenience stores | 1,069.61 | 1,059.69 | 0.94% | 6,539.86 | 6,955.85 | (5.98)% |
hypermarkets | 210.56 | 241.90 | (12.96)% | 1,332.96 | 1,624.73 | (17.96)% |
magnit family | 77.58 | 65.64 | 18.18% | 468.10 | 419.94 | 11.47% |
drogerie stores | 86.34 | 63.60 | 35.76% | 483.26 | 334.55 | 44.45% |
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.
[1] According to management accounts
[2] Based on the average exchange rate for July 2016 -64.3423 RUB per 1 USD, July 2015 - 57.0787 RUB per 1 USD, 7M 2016 -69.3973 RUB per 1 USD, 7M 2015 - 57.3502 RUB per 1 USD