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Regulatory Filings • Jul 24, 2014
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Regulatory Filings
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OJSC MAGNIT - Magnit Opens a New Distribution Center
PR Newswire
London, July 24
Press-releaseKrasnodarJuly 24, 2014OJSC "Magnit" Announces the Opening of a New Distribution CenterKrasnodar, July 24, 2014: OJSC "Magnit", Russia's largest food retailer (the"Company"; MICEX and LSE: MGNT) announces the opening of a new distributioncenter in Kolpino.Please be informed that the Company has opened a new distribution center (DC)in Kolpino (Saint Petersburg). Total space of the warehouse is about 50,800 sq.m. Launch of the new distribution facility will improve the quality of servicein the North-Western region."Magnit" operates 25 distribution centers with their total capacity of about758,270 sq. m.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 June 30, 2014,Magnit operated 24 distribution centers and over 8,600 stores (7,614convenience, 226 hypermarkets, and 778 cosmetics) in approximately 2,000 citiesand towns throughout 7 federal regions of the Russian Federation.In accordance with the audited IFRS consolidated financial statements for 2013,Magnit had revenues of $18,202 million USD and an EBITDA of $2,032 million USD.Magnit's local shares are traded on the Moscow Stock Exchange (MICEX: MGNT) andits GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit ratingfrom Standard & Poor's of BB. Measured by market capitalization, Magnit is oneof the largest retailers in Europe.
