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Magnit
Report Publication Announcement • Jan 16, 2017
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Report Publication Announcement
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PJSC MAGNIT - Unaudited FY 2016 Financial Results Publication Date
PR Newswire
London, January 16
Press Release
Krasnodar
January 16, 2017
PJSC “Magnit” Announces the Publication Date of its FY 2016 Unaudited Financial Results Prepared in accordance with the IFRS
Krasnodar, Russia (January 16, 2017): Magnit PJSC, one of Russia’s leading retailers (the “Company”; MOEX and LSE: MGNT), is pleased to announce the publication date of its FY 2016 unaudited financial results prepared in accordance with the IFRS.
Please be informed that PJSC "Magnit" plans to release its FY 2016 unaudited financial results prepared in accordance with the IFRS and based on the management accounts on Friday, January 27, 2017 at 10:00 AM (Moscow time).
For further information, please contact:
| Timothy Post | Head of Investor Relations Email: [email protected] Office: +7-861-277-4554 x 17600 |
| Investor Relations Office | [email protected] Direct Line: +7-861-277-4562 Website: ir.magnit.com/ |
| Media Inquiries | Media Relations Department [email protected] |
Company description:
Public Joint Stock Company “Magnit” is one of Russia's leading retailers. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of December 31, 2016, Magnit operated 35 distribution centers and 14,059 stores (10,521 convenience, 431 hypermarkets and 3,107 drogerie stores) in 2,495 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the reviewed IFRS consolidated financial statements for 1H 2016, Magnit had revenues of RUB 522 billion and an EBITDA of RUB 52 billion. Magnit's local shares are traded on the Moscow 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.
