Anzeige
Mehr »
Login
Freitag, 29.03.2024 Börsentäglich über 12.000 News von 687 internationalen Medien

Indizes

Kurs

%
News
24 h / 7 T
Aufrufe
7 Tage

Aktien

Kurs

%
News
24 h / 7 T
Aufrufe
7 Tage

Xetra-Orderbuch

Fonds

Kurs

%

Devisen

Kurs

%

Rohstoffe

Kurs

%

Themen

Kurs

%

Erweiterte Suche
Dow Jones News
1.881 Leser
Artikel bewerten:
(2)

MAGNIT PJSC: Magnit Kicks Off Digital Transformation Powered by SAP

MAGNIT PJSC (MGNT) 
MAGNIT PJSC: Magnit Kicks Off Digital Transformation Powered by SAP 
 
25-Feb-2020 / 09:55 MSK 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
Magnit Kicks Off Digital Transformation Powered by SAP 
****************************************************** 
 
 Krasnodar, Russia (25 February, 2020): Magnit PJSC (MOEX and LSE: MGNT; the 
Company), one of Russia's leading retailers, announces that JSC "Tander" and 
SAP (LLC SAP CIS) signed a number of agreements on comprehensive integration 
  of IT solutions. The digital transformation will affect over 20,000 Magnit 
 stores and around 300,000 employees throughout the country. The majority of 
 information systems will be deployed at SAP's Russian data center using SAP 
      HANA Enterprise Cloud (HEC). Magnit's transformation program is set to 
     become the largest digital initiative in the history of Russian retail. 
 
Magnit's Transformation Program (hereinafter "the Program") is aimed at two 
global objectives-ensuring stable growth of the Company and increasing 
shareholder value. 
 
As the digital core uniting all of the Company's business processes, Magnit 
will use SAP S/4HANA RETAIL, a high-performance system that will enable it 
to maintain end-to-end stock and financial accounts. Over the course of the 
Program, the chain plans to incorporate over 40 SAP S/4HANA modules; during 
the first stage, the system will be used to automate finance, stock 
movement, human resources, and reporting. SAP Central Finance will allow 
consolidating financial administration for Magnit's main enterprises. 
Digitization of personnel management, based on SAP HCM, will affect HR 
records, organizational structure, as well as payroll calculations and 
related processes. 
 
In addition to that, the Company will establish a repository for POS data 
using SAP CAR, which will allow it to monitor remaining stocks in real time, 
create more accurate demand forecasts, and develop solutions for assortment 
management and auto-ordering. Matters of regulatory compliance-Chestny Znak, 
USAIS, and Mercury-will be handled by SAP Advanced Track and Trace. 
 
To develop corporate analytics and standardize management reporting, the 
chain will use SAP Business Objects, and will also be granted access to SAP 
Analytics Cloud. 
 
To implement the Program, the Company is going to partner with Accenture. 
The firm will help Magnit with planning and run quality assurance throughout 
the entire duration of the project. In the spring, the retailer plans to 
pick an integrator for the program. 
 
Magnit's SAP-powered digital transformation project will be implemented in 
several stages and is intended to be completed in three years. Modules will 
be tested on a limited number of stores and, if proven stable, subsequently 
rolled out across the chain based on a schedule. Incremental adoption of new 
technologies will allow the Company to minimize its operational risks. 
 
"We're focused on increasing the performance of the Company. This involves 
improving not just our stores and customer offering, but our business 
processes as well. Integration of a portfolio of modern solutions from SAP, 
which will address almost every single business process in the Company, is 
going to become the key tool for elevating Magnit's operational performance. 
Considering our scale, this may well become the largest digital 
transformation program in the history of Russian retail. We expect the 
impact from the Program's implementation over several years to reach 
billions of rubles. SAP modules will be introduced incrementally and after 
rigorous testing, so we consider operational risks from their integration to 
be minimal,"- noted Jan Dunning, President and CEO of Magnit. 
 
"Today, we're talking about the beginnings of a partnership that will serve 
as an example not only for the Russian retail market, but for the global 
community as a whole. Large-scale integration of a "digital core" solution 
from SAP will enable Magnit to overtake the competition in terms of both 
level of technology and operational performance. IT systems powered by a 
full-feature HANA Enterprise Edition platform will help the retailer 
increase transparency, manageability, and performance of its business, and 
thus become even better for its shareholders, partners, employees, and 
customers,"- commented Andrey Filatov, CEO of SAP CIS. 
 
                                    For further information, please contact: 
 
Dmitry Kovalenko 
 
Director for Investor Relations 
 
Email: dmitry_kovalenko@magnit.ru 
 
Office: +7 (861) 210-48-80 
 
Dina Chistyak 
 
Director for Investor Relations 
 
Email: dina_chistyak@magnit.ru 
 
Office: +7 (861) 210-9810 x 15101 
 
Media Inquiries 
 
Media Relations Department 
 
Email: press@magnit.ru 
 
"Magnit" 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 December 31, 2019, Magnit operated 38 distribution 
   centres and 20,725 stores (14,622 convenience, 473 supermarkets and 5,630 
  drogerie stores) in 3,742 cities and towns throughout 7 federal regions of 
                                                     the Russian Federation. 
 
      In accordance with the unaudited IFRS management accounts for FY 2019, 
   Magnit had revenues of RUB 1,369 billion and an EBITDA of RUB 83 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. 
 
SAP Company description: 
 
SAP is the global market leader in enterprise application software. Over 413 
000 customers in 180 countries all over the world use SAP solutions and 
services. In 1992, a representative office of SAP SE was opened in Moscow. 
During the following 27 years, the company added offices in Saint Petersburg 
and Yekaterinburg. Today, SAP CIS employs around 1300 people and is present 
in every member country of the CIS. In 2012, it opened its SAP Labs R&D 
center in Moscow, adding a Saint Petersburg branch later on. 
 
SAP is the only international software developer that has a data center in 
Russia, which is constantly being upgraded and improved by the company. For 
over 27 years, SAP has been helping Russian companies transform and optimize 
their businesses using its innovative solutions. In July 2018 in Moscow, the 
company opened the SAP Digital Leadership Center-a cutting edge technology 
hub designed to host events and showcase new technologies and solutions 
developed jointly with its customers and partners. 
 
The company is actively investing in education to develop competencies and 
nurture the expertise within the ecosystem. Over 135 higher education 
institutions in Russia and CIS get free access to SAP software for 
educational purposes. As of 2017, the company has opened 16 SAP Next-Gen 
Labs to serve as centers of innovation for students and young IT 
specialists. 
 
Details available at www.sap.com [1] and www.sap.ru [2]. 
 
All questions regarding SAP's business in Russia should be addressed to 
Tatiana Zvereva (tatiana.zvereva@sap.com), and for CIS-related questions, 
please contact Daria Gerasimova (daria.gerasimova@sap.com). 
 
Forward-looking statements: 
 
 This document contains forward-looking statements that may or may not prove 
  accurate. For example, statements regarding expected sales growth rate and 
   store openings are forward-looking statements. Forward-looking statements 
  involve known and unknown risks, uncertainties and other important factors 
 that could cause actual results to differ materially from what is expressed 
     or implied by the statements. Any forward-looking statement is based on 
information available to Magnit as of the date of the statement. All written 
  or oral forward-looking statements attributable to Magnit are qualified by 
  this caution. Magnit does not undertake any obligation to update or revise 
       any forward-looking statement to reflect any change in circumstances. 
 
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.:   48659 
EQS News ID:    982783 
 
End of Announcement EQS News Service 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=bc70f8cd21069b1b723a6f69d6a92cec&application_id=982783&site_id=vwd&application_name=news 
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=e19e2c3abf18513922d52be6ebaff6d2&application_id=982783&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

February 25, 2020 01:55 ET (06:55 GMT)

Großer Dividenden-Report 2024 von Dr. Dennis Riedl
Der kostenlose Dividenden-Report zeigt ganz genau, wo Sie in diesem Jahr zuschlagen können. Das sind die Favoriten von Börsenprofi Dr. Dennis Riedl
Jetzt hier klicken
© 2020 Dow Jones News
Werbehinweise: Die Billigung des Basisprospekts durch die BaFin ist nicht als ihre Befürwortung der angebotenen Wertpapiere zu verstehen. Wir empfehlen Interessenten und potenziellen Anlegern den Basisprospekt und die Endgültigen Bedingungen zu lesen, bevor sie eine Anlageentscheidung treffen, um sich möglichst umfassend zu informieren, insbesondere über die potenziellen Risiken und Chancen des Wertpapiers. Sie sind im Begriff, ein Produkt zu erwerben, das nicht einfach ist und schwer zu verstehen sein kann.