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Magnit
Regulatory Filings • Apr 24, 2017
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Regulatory Filings
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PJSC MAGNIT - Affirmation of the Rating by S&P Global Ratings
PR Newswire
London, April 24
Press-release
Krasnodar
April 24, 2017
PJSC “Magnit” Announces the Affirmation of its Rating at “BB+” level by S&P Global Ratings
Krasnodar, April 24, 2017: Magnit PJSC, one of Russia’s leading retailers (MOEX and LSE: MGNT) announces the affirmation of its rating at “BB+” level by S&P Global Ratings.
Please be informed that on April 24, 2017 S&P Global Ratings has affirmed the rating of Magnit at “BB+” level based on the resilient operational performance; Stable outlook.
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 March 31, 2017, Magnit operated 35 distribution centers and 14,089 stores (10,540 convenience, 427 hypermarkets and 3,122 drogerie stores) in 2,494 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the audited IFRS results for 2016, Magnit had revenues of RUB 1,075 billion and an EBITDA of RUB 108 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.
