AI Terminal
Magnit
Regulatory Filings • Jun 30, 2014
6413_rns_2014-06-30_c97578fd-0f0b-4de3-9411-36886a416293.html
Regulatory Filings
Open in ViewerOpens in native device viewer
National Storage Mechanism | Additional information
You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.
OJSC MAGNIT - 57th "Magnit Family" Store Opening
PR Newswire
London, June 30
Press-releaseKrasnodarJune 30, 2014OJSC "Magnit" Announces the Opening of the 57th "Magnit Family" StoreKrasnodar, June 30, 2014: OJSC "Magnit", Russia's largest food retailer (the"Company"; MICEX and LSE: MGNT), is pleased to announce the opening of the 57th"Magnit Family" store.Please be informed that today the Company has opened its 57th "Magnit Family"store located at 205, Tamanskaya street, Yeysk, Krasnodar region, Southernfederal district. Assortment of the store consists of about 9,300 SKUs, out ofwhich about 80% are food items. There are 13 cash desks installed in the salesarea. The outlet is leased by the Company. The hypermarket is open 7 days aweek from 9 am to 10 pm.For further information, please contact:Timothy Post Director, Investor Relations Email: [email protected] Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562Dina Svishcheva Deputy Director, Investor Relations Email: [email protected] Office: +7-861-277-4554 x 15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562Company description:Magnit is Russia's largest food retailer. Founded in 1994, the company isheadquartered in the southern Russian city of Krasnodar. As of March 31, 2014,Magnit operated 23 distribution centers and over 8,200 stores (7,341convenience, 215 hypermarkets, and 700 cosmetics) in more than 1,905 cities andtowns throughout 7 federal regions of the Russian Federation.In accordance with the audited IFRS consolidated financial statements for 2013,Magnit had revenues of $18,202 million USD and an EBITDA of $2,032 million USD.Magnit's local shares are traded on the Moscow Stock Exchange (MICEX: MGNT) andits GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit ratingfrom Standard & Poor's of BB. Measured by market capitalization, Magnit is oneof the largest retailers in Europe.
