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Magnit
Earnings Release • Sep 30, 2015
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Earnings Release
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PJSC MAGNIT - Magnit in Forbes' 200 Biggest Russia's Companies Ranking
PR Newswire
London, September 30
Press Release
Krasnodar
September 30, 2015
“Magnit” Has Been Included in the Ranking of the 200 Biggest Russia’s Nongovernmental Companies by Forbes
Krasnodar, September 30, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), has been included in the Ranking of the 200 Biggest Russia’s Nongovernmental Companies by the Forbes business magazine.
Please be informed that “Magnit” retail chain was ranked 3rd by sales in the Annual Ranking of the 200 Biggest Russia’s Nongovernmental Companies by the Forbes business magazine.
Please follow the link below to view the full version of the ranking for 2015:
http://www.forbes.ru/rating/200-krupneishikh-chastnykh-kompanii-rossii-2015/2015?full=1&table=1
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: +7-861-277-4562 |
| Dina Svishcheva | Deputy Director, Investor Relations Email: [email protected] Office: +7-861-277-45-54 x 15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562 |
| Media Inquiries | PR and GR Department [email protected] |
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 reviewed IFRS consolidated financial statements 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.
