16 Sep 2015 10:23
PJSC MAGNIT - Magnit CEO Included in the List of Business LeadersPJSC MAGNIT - Magnit CEO Included in the List of Business Leaders
PR Newswire
London, September 16
Press Release
Krasnodar
September 16, 2015
"Magnit" CEO Sergey Galitskiy has been Included in the List of Business Leaders
Krasnodar, September 16, 2015: Sergey Galitskiy, the CEO of “Magnit”, Russia’s largest food retailer (MOEX and LSE: MGNT), has been included in the list of top business leaders as rated by the Russian Managers Association and Kommersant.
"Magnit" CEO Sergey Galitskiy has been included in the list of top business leaders of XVI "TOP-1000 Russian Managers" rating for 2015 prepared by the Russian Managers Association and Kommersant. The list of business leaders includes leading businessmen and top-managers of strategically important companies.
"TOP-1000 Russian managers" rating of the Russian Managers Association is the instrument of professional reputation evaluation of the Russian top-managers. The rating summarizes the year-end results of work and reveals the most professional managers of Russia.
The rating methodology is based on "the best choose the best" principle: top-managers evaluate top-managers, functional managers evaluate functional managers.
Please follow the link below to view XVI "TOP-1000 Russian managers" rating for 2015 in full:
http://www.kommersant.ru/apps/90591
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 |
Media Inquiries | PR and GR Department press@magnit.ru |
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 June 30, 2015, Magnit operated 29 distribution centers and over 10,700 stores (8,890 convenience, 311 hypermarkets, and 1,527 drogerie stores) in approximately 2,233 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the reviewed IFRS consolidated financial statements for 1H 2015. Magnit had revenues of RUB 455 billion and an EBITDA of RUB 49 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.