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Magnit
Report Publication Announcement • Jan 19, 2015
6413_rns_2015-01-19_a29e3734-7ef7-4819-b0fb-797d51938a51.html
Report Publication Announcement
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PJSC MAGNIT - Notice of Results
PR Newswire
London, January 19
Press-releaseKrasnodarJanuary 19, 2015PJSC "Magnit" Announces the Publication Date of Unaudited FY 2014 Financial Results Prepared in accordance with the IFRSKrasnodar, January 19, 2015: PJSC "Magnit", Russia's largest retailer (the"Company"; MICEX and LSE: MGNT), is pleased to announce the publication date ofunaudited FY 2014 financial results prepared in accordance with the IFRS.Please be informed that PJSC "Magnit" plans to release its unaudited FY 2014financial results prepared in accordance with the IFRS and based on managementaccounts on Tuesday, January 27, 2015 at 10:00 AM (Moscow time).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 December 31,2014, Magnit operated 27 distribution centers and over 9,700 stores (3,344convenience, 287 hypermarkets, and 1,080 drogerie stores) in approximately2,100 cities 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.
