10 Mar 2015 07:00
PJSC MAGNIT - February and 2M 2015 ResultsPJSC MAGNIT - February and 2M 2015 Results
PR Newswire
London, March 10
Press-release Krasnodar March 10, 2015 PJSC "Magnit" Announces 34.01% Retail Sales Growth in Rubles forFebruary 2015[1] Krasnodar, March 10, 2015: PJSC "Magnit", Russia's largest foodretailer (the "Company"; MOEX and LSE: MGNT) announces 34.01% retail salesgrowth in rubles for February 2015. During February 2015 the Company opened (net) 145 stores. The totalstore base reached 9,933 stores (8,479 convenience stores, 193 hypermarkets,98 "Magnit Family" stores and 1,163 drogerie stores). Preliminary consolidated unaudited net retail revenue (excl. VAT)in 2M 2015 increased by 34.66% in ruble terms (compared to 2M 2014) and stoodat 140,237.04 million rubles. According to Rosstat food inflation in February 2015 amounted to3.3% compared to 1.2% in February 2014, in 2M 2015 - 9.1% compared to 2.2% in2M 2014. February and 2M 2015 Key Operating and Financial Highlights: February February Growth 2М 2015 2М 2014 Growth 2015 2014 Rate RateNumber of 145 78 n/a 222 114 n/aopenedstores, NET convenience 91 62 n/a 135 96 n/a storeshypermarkets 3 1 n/a 3 1 n/a magnit 1 2 n/a 1 2 n/a family drogerie 50 13 n/a 83 15 n/a stores Total number 9,933 8,207 n/a 9,933 8,207 n/aof stores convenience 8,479 7,296 n/a 8,479 7,296 n/a storeshypermarkets 193 162 n/a 193 162 n/a magnit 98 48 n/a 98 48 n/a family drogerie 1,163 701 n/a 1,163 701 n/a stores Selling 3,667.17 3,044.07 20.47% 3,667.17 3,044.07 20.47%space, eop,th. sq. m. convenience 2,719.42 2,337.10 16.36% 2,719.42 2,337.10 16.36% storeshypermarkets 570.51 484.85 17.67% 570.51 484.85 17.67% magnit 109.86 55.62 97.54% 109.86 55.62 97.54% family drogerie 267.38 166.51 60.58% 267.38 166.51 60.58% stores Selling 55.21 24.52 n/a 76.53 32.70 n/aspacegrowth, th.sq.m. convenience 32.03 17.36 n/a 46.11 24.91 n/a storeshypermarkets 11.42 1.97 n/a 11.42 1.97 n/a magnit 0.79 2.36 n/a 0.79 2.36 n/a family drogerie 10.97 2.84 n/a 18.21 3.47 n/a stores Net retail 70,318.28 52,473.10 34.01% 140,237.04 104,138.56 34.66%sales,million RUR convenience 52,224.67 40,281.40 29.65% 104,767.88 80,365.36 30.36% storeshypermarkets 12,496.17 9,469.06 31.97% 24,715.07 18,544.72 33.27% magnit 3,116.23 1,407.01 121.48% 6,151.75 2,749.41 123.75% family drogerie 2,481.21 1,315.62 88.60% 4,602.34 2,479.07 85.65% stores Net retail 1,087.12 1,489.61 (27.02)% 2,218.62 3,036.07 (26.92)%sales,millionUS$[2] convenience 807.39 1,143.51 (29.39)% 1,657.48 2,342.98 (29.26)% storeshypermarkets 193.19 268.81 (28.13)% 391.01 540.65 (27.68)% magnit 48.18 39.94 20.62% 97.32 80.16 21.42% family drogerie 38.36 37.35 2.71% 72.81 72.27 0.74% stores 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: +7-861-277-4562Dina 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, thecompany is headquartered in the southern Russian city of Krasnodar. As ofDecember 31, 2014, Magnit operated 27 distribution centers and over 9,700stores (8,344 convenience, 287 hypermarkets, and 1,080 drogerie stores) inapproximately 2,100 cities and towns throughout 7 federal regions of theRussian Federation. In accordance with the unaudited IFRS management accounts 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. --------------------------------- [1] According to management accounts [2] Based on the average exchange rate for February 2015 - 64.6833RUB per 1 USD, February 2014 - 35.2260 RUB per 1 USD, 2M 2015 - 63.2090 RUBper 1 USD, 2M 2014 - 34.3005 RUB per 1 USD