21 Apr 2015 07:16
PJSC MAGNIT - 198th Hypermarket OpeningPJSC MAGNIT - 198th Hypermarket Opening
PR Newswire
London, April 21
Press-release Krasnodar April 21, 2015 PJSC "Magnit" Announces the Opening of the 198th Hypermarket Krasnodar, April 21, 2015: PJSC "Magnit", Russia's largest food retailer (the"Company"; MOEX and LSE: MGNT), is pleased to announce the opening of the 198thhypermarket of a small format. Please be informed that today the Company opened its 198th hypermarket of asmall format located at 28, Lenina street ("Oasis-plaza" shopping center),Nyagan, Khanty-Mansi autonomous district, Urals federal region. Assortment ofthe hypermarket consists of more than 17,800 SKUs, out of which about 76% arefood items. There are 17 cash desks installed in the sales area. The outlet isleased by the Company. The hypermarket is open 7 days a week from 10 am to 22pm. For further information, please contact: Timothy Post Director, Investor Relations Email: post@magnit.ru Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562 Dina Svishcheva Deputy Director, Investor Relations Email: Chistyak@magnit.ru Office: +7-861-277-45-54 x 15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562 Company description: Magnit is Russia's largest food retailer. Founded in 1994, the company isheadquartered in the southern Russian city of Krasnodar. As of March 31, 2015,Magnit operated 28 distribution centers and over 10,000 stores (8,581convenience, 300 hypermarkets, and 1,239 drogerie stores) in approximately2,180 cities and towns throughout 7 federal regions of the Russian Federation. In accordance with the audited IFRS consolidated financial statements for 2014,Magnit had revenues of RUB 764 billion and an EBITDA of RUB 86 billion.Magnit's local shares are traded on the Moscow Stock Exchange (MOEX: 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.