MAGNIT PJSC: Magnit Launches Own Delivery Service

DJ Magnit Launches Own Delivery Service

MAGNIT PJSC (MGNT) 
Magnit Launches Own Delivery Service 
 
02-Nov-2020 / 12:00 MSK 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
Press-release | Krasnodar | November 2, 2020. 
 
                                        Magnit Launches Own Delivery Service 
 
The Company has launched its own online ordering and delivery service to 
ship products from stores. The service is available in the new Magnit 
Dostavka (Delivery - Ed.) application, which will become a platform for 
developing the ?ompany's e-commerce projects. At the first stage, the 
service is available to residents of Moscow. Over 5000 products are offered 
for ordering. Delivery is available within 60 min or at a predefined time 
within the next 2 days. 
 
Krasnodar, Russia (November 2, 2020): Magnit PJSC (MOEX and LSE: MGNT; the 
Company), one of Russia's leading retailers, launches its own delivery 
service. At the start, the service is available in all districts of Moscow 
within MKAD ring road. Twelve stores offering the optimalassortment are 
connected to the service. One can select goods, place an order and pay for 
it via Magnit Dostavka mobile app on iOS or Android. For service details, 
please follow the link [1]. Delivery fee depends on the ordered quantity and 
may vary from 0 to 149 rubles with no basket size limitations - one may 
order down to 1 product. 
 
Over 5000 products, including grocery, fruits and vegetables, fresh category 
goods, as well as the most popular household, care and pet products and many 
others are available to order via the app. At the start of the project, 
prices and discounts when ordering online are similar to those in the 
chain's stores. Shortly, Magnit plans to connect its e-commerce platform to 
the single loyalty program allowing accrual and redemption of bonuses for 
online purchases. 
 
 The launch of the service and the new mobile app are important steps within 
  a series of projects aimed at developing the in-house delivery service and 
setting up an attractive omnichannel offer. When developing the new service, 
       both national as well as international best practices were taken into 
                                                              consideration. 
 
  The project is being piloted in partnership with Yandex.Eda service, whose 
          experts became part of the application development team. Alongside 
     colleagues from Magnit, they managed to launch as fast as possible with 
    comfortable conditions for Magnit customers. In the future, the retailer 
   plans to sequentially transfer technological and operational solutions to 
    its own perimeter, while simultaneously developing various partnerships. 
 
      "The development of omni-channel services under our own brand is a key 
   component of Magnit's strategy. It is extremely important for us to allow 
      millions of our customers across the country to enjoy high-quality and 
 modern services. Launching a delivery service in Moscow is one of the first 
steps in this direction, and we have many digital product initiatives in the 
   pipeline and a long way to go," - said Florian Jansen, Magnit's Executive 
                                                    Director and Deputy CEO. 
 
For further information, please contact: 
 
Dmitry Kovalenko 
 
Director for Investor Relations 
 
Email: [e-mail] 
 
Office: [phone] 
 
Dina Chistyak 
 
Director for Investor Relations 
 
Email: [e-mail] 
 
Office: [phone] x 15101 
 
Media Inquiries 
 
Media Relations Department 
 
Email: [e-mail] 
 
Note to editors: 
 
   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, 2020, Magnit operated 38 distribution 
   centres and 21,154 stores (14,699 convenience, 469 supermarkets and 5,986 
  drogerie stores) in 3,819 cities and towns throughout 7 federal regions of 
                                                     the Russian Federation. 
 
 In accordance with the unaudited IFRS 16 management accounts results for 1H 
    2020, Magnit had revenues of RUB 763.4 billion and an EBITDA of RUB 86.9 
     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. 
 
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.:   86966 
EQS News ID:    1144545 
 
End of Announcement EQS News Service 
 
 
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=99e3467316a04ccca57632eb92424c7e&application_id=1144545&site_id=vwd&application_name=news 
 

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November 02, 2020 04:00 ET (09:00 GMT)