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Magnit
Board/Management Information • Nov 11, 2014
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Board/Management Information
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PJSC MAGNIT - 250 Thousand Employees
PR Newswire
London, November 11
Press-releaseKrasnodarNovember 11, 2014PJSC "Magnit" Announces that the Company's Headcount Has Exceeded 250 ThousandKrasnodar, November 11, 2014: PJSC "Magnit", Russia's largest food retailer(the "Company"; MICEX and LSE: MGNT), is pleased to announce that its totalheadcount has now exceeded 250 thousand.Please be informed that the total headcount of PJSC "Magnit" group of companieshas exceeded 250 000, including over 231 000 active employees (about 20 000 areon maternity leave).The Company's personnel breakdown is the following:69.3% - in-store personnel;21.2% - people engaged in distribution;6.3% - people in regional branches;3.2% - employed by the Head Office.PJSC "Magnit" is the largest private employer in Russia.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: +7-861-277-45-54 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 September 30,2014, Magnit operated 25 distribution centers and over 9,020 stores (7,891convenience, 243 hypermarkets, and 886 drogerie stores) in approximately 2,000cities and towns throughout 7 federal regions of the Russian Federation.In accordance with the reviewed IFRS consolidated financial statements for 1H2014, Magnit had revenues of $9,979 million USD and an EBITDA of $1,045 millionUSD. Magnit's local shares are traded on the Moscow Stock Exchange (MICEX:MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a creditrating from Standard & Poor's of BB. Measured by market capitalization, Magnitis one of the largest retailers in Europe.
