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Magnit
Regulatory Filings • Sep 23, 2014
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Regulatory Filings
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OJSC MAGNIT - 174th Hypermarket Opening
PR Newswire
London, September 23
Press-releaseKrasnodarSeptember 23, 2014OJSC "Magnit" Announces the Opening of the 174th HypermarketKrasnodar, September 23, 2014: OJSC "Magnit", Russia's largest food retailer(the "Company"; MICEX and LSE: MGNT), is pleased to announce the opening of the174th hypermarket of a medium format.Please be informed that today the Company has opened its 174th hypermarket of amedium format located at 308 Kirova prospect, Samara, Volga federal region.Assortment of the hypermarket consists of about 19,400 SKUs, out of which about65% are food items. There are 25 cash desks installed in the sales area. Theoutlet is owned by the Company. The hypermarket is open 7 days a week from 9 amto 11 pm.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 drogeries) in approximately 2,000 citiesand 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.
