Press-release
Krasnodar
July 31, 2015
PJSC "Magnit" Announces the Opening of the 206th Hypermarket
Krasnodar, July 31, 2015: PJSC "Magnit", Russia's largest food retailer (the
"Company"; MOEX and LSE: MGNT), is pleased to announce the opening of the 206th
hypermarket.
Please be informed that today the Company opened its 206th hypermarket of a
small format located at 11 Vokzalnaya street ("Apelsin" shopping center),
Velikiye Luki, Pskov oblast, North-Western Federal Region. Assortment of the
hypermarket consists of more than 14,700 SKUs, out of which about 74% are food
items. There are 19 cash desks installed in the sales area. The outlet is
leased 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 June 30, 2015,
Magnit operated 29 distribution centers and over 10,700 stores (8,890
convenience, 311 hypermarkets, and 1,527 drogerie stores) in approximately
2,233 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the unaudited IFRS management accounts for 1H 2015, Magnit
had revenues of RUB 455 billion and an EBITDA of RUB 49 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.