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Magnit
Report Publication Announcement • Dec 9, 2014
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Report Publication Announcement
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PJSC MAGNIT - 183rd Hypermarket Opening
PR Newswire
London, December 9
Press-releaseKrasnodarDecember 9, 2014PJSC "Magnit" Announces the Opening of the 183rd HypermarketKrasnodar, December 9, 2014: PJSC "Magnit", Russia's largest food retailer (the"Company"; MICEX and LSE: MGNT), is pleased to announce the opening of the183rd hypermarket of a small format.Please be informed that today the Company opened its 183rd hypermarket of asmall format located at Bogolyubova prospect, Dubna, Moscow oblast, Centralfederal region. Assortment of the hypermarket consists of about 8,700 SKUs, outof which about 84% are food items. There are 15 cash desks installed in thesales area. The outlet is owned by the Company. The hypermarket is open 7 daysa week from 9 am to 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 September 30,2014, Magnit operated 25 distribution centers and over 9,020 stores (7,891convenience, 243 hypermarkets, and 886 drogerie stores) in approximately 2,000cities and 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.
