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Magnit
Regulatory Filings • Feb 26, 2016
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Regulatory Filings
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PJSC MAGNIT - 223rd Hypermarket Opening
PR Newswire
London, February 26
Press-release
Krasnodar
February 26, 2016
PJSC “Magnit” Announces the Opening of the 223rd Hypermarket
Krasnodar, February 26, 2016: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), is pleased to announce the opening of the 223rd hypermarket of a medium format.
Please be informed that today the Company opened its 223rd hypermarket of a medium format located at 36 Oktyabrya prospekt (“City Mall” shopping center), Sterlitamak, Republic of Bashkortostan, Volga federal region. Assortment of the hypermarket consists of about 24,800 SKUs, out of which about 69% are food items. There are 25 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 11 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.
