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Magnit
Regulatory Filings • Feb 16, 2016
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Regulatory Filings
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PJSC MAGNIT - 220th Hypermarket Opening
PR Newswire
London, February 16
Press-release
Krasnodar
February 16, 2016
PJSC “Magnit” Announces the Opening of the 220th Hypermarket
Krasnodar, February 16, 2016: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), is pleased to announce the opening of the 220th hypermarket of a small format.
Please be informed that today the Company opened its 220th hypermarket of a small format located at 4 Dzerzhinskogo street, Orenburg, Volga federal region. Assortment of the hypermarket consists of about 14,600 SKUs, out of which about 78% are food items. There are 15 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 10 pm.
For further information. please contact:
| Timothy Post | Head of Investor Relations Email: [email protected] Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562 |
| Investor Relations Office | [email protected] Direct Line: +7-861-277-4562 Website: ir.magnit.com/ |
| Media Inquiries | Media Relations 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 December 31, 2015, Magnit operated 33 distribution centers and 12,089 stores (9,594 convenience, 374 hypermarkets, and 2,121 drogerie stores) in 2,361 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the unaudited IFRS management accounts for 2015, Magnit had revenues of RUB 951 billion and an EBITDA of RUB 104 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.
