9 Jun 2015 08:02
PJSC MAGNIT - Magnit May/5M 2015 ResultsPJSC MAGNIT - Magnit May/5M 2015 Results
PR Newswire
London, June 9
Press-release
Krasnodar
June 9, 2015
PJSC “Magnit” Announces 28.73% Retail Sales Growth in Rubles for May 2015[1]
Krasnodar, June 9, 2015: PJSC “Magnit”, Russia’s largest retailer (the “Company”; MOEX and LSE: MGNT) announces 28.73% retail sales growth in rubles for May 2015.
During May 2015 the Company opened (net) 254 stores. The total store base reached 10,537 stores (8,791 convenience stores, 200 hypermarkets, 107 “Magnit Family” stores and 1,439 drogerie stores).
Preliminary consolidated unaudited net retail revenue (excl. VAT) in 5M 2015 increased by 31.24% in ruble terms (compared to 5M 2014) and stood at 375,177.79 million rubles.
According to Rosstat food inflation in May 2015 amounted to 0.1% compared to 1.5% in May 2014, in 5M 2015 it was 11.3% compared to 6.9% in 5M 2014.
May and 5M 2015 Key Operating and Financial Highlights:
| May 2015 | May 2014 | Growth Rate | 5? 2015 | 5? 2014 | Growth Rate | |
| Number of opened stores, NET | 254 | 174 | n/a | 826 | 424 | n/a |
| convenience stores | 127 | 135 | n/a | 447 | 345 | n/a |
| hypermarkets | 2 | 2 | n/a | 10 | 8 | n/a |
| magnit family | 1 | 1 | n/a | 10 | 5 | n/a |
| drogerie stores | 124 | 36 | n/a | 359 | 66 | n/a |
| Total number of stores | 10,537 | 8,517 | n/a | 10,537 | 8,517 | n/a |
| convenience stores | 8,791 | 7,545 | n/a | 8,791 | 7,545 | n/a |
| hypermarkets | 200 | 169 | n/a | 200 | 169 | n/a |
| magnit family | 107 | 51 | n/a | 107 | 51 | n/a |
| drogerie stores | 1,439 | 752 | n/a | 1,439 | 752 | n/a |
| Selling space, eop, th. sq. m. | 3,868.01 | 3,153.27 | 22.67% | 3,868.01 | 3,153.27 | 22.67% |
| convenience stores | 2,830.89 | 2,410.98 | 17.42% | 2,830.89 | 2,410.98 | 17.42% |
| hypermarkets | 587.31 | 504.54 | 16.41% | 587.31 | 504.54 | 16.41% |
| magnit family | 119.94 | 59.22 | 102.53% | 119.94 | 59.22 | 102.53% |
| drogerie stores | 329.87 | 178.54 | 84.76% | 329.87 | 178.54 | 84.76% |
| Selling space growth, th. sq.m. | 81.12 | 55.70 | n/a | 277.37 | 141.90 | n/a |
| convenience stores | 45.82 | 40.50 | n/a | 157.58 | 98.78 | n/a |
| hypermarkets | 5.85 | 6.58 | n/a | 28.22 | 21.66 | n/a |
| magnit family | 1.48 | 1.14 | n/a | 10.87 | 5.96 | n/a |
| drogerie stores | 27.97 | 7.48 | n/a | 80.70 | 15.50 | n/a |
| Net retail sales, million RUR | 80,064.17 | 62,195.35 | 28.73% | 375,177.79 | 285,871.77 | 31.24% |
| convenience stores | 59,822.63 | 47,331.76 | 26.39% | 279,866.82 | 219,024.81 | 27.78% |
| hypermarkets | 13,878.81 | 11,691.38 | 18.71% | 66,063.55 | 52,376.18 | 26.13% |
| magnit family | 3,680.02 | 1,888.47 | 94.87% | 16,781.26 | 8,132.98 | 106.34% |
| drogerie stores | 2,682.72 | 1,283.74 | 108.98% | 12,466.15 | 6,337.81 | 96.69% |
| Net retail sales, million US$[2] | 1,582.62 | 1,780.53 | (11.12)% | 6,471.86 | 8,146.12 | (20.55)% |
| convenience stores | 1,182.51 | 1,355.01 | (12.73)% | 4,827.74 | 6,241.27 | (22.65)% |
| hypermarkets | 274.34 | 334.70 | (18.03)% | 1,139.60 | 1,492.50 | (23.64)% |
| magnit family | 72.74 | 54.06 | 34.55% | 289.48 | 231.76 | 24.91% |
| drogerie stores | 53.03 | 36.75 | 44.29% | 215.04 | 180.60 | 19.07% |
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 is headquartered in the southern Russian city of Krasnodar. As of March 31, 2015, Magnit operated 28 distribution centers and over 10,000 stores (8,581 convenience, 300 hypermarkets, and 1,239 drogerie stores) in approximately 2,180 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) 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.
[1] According to management accounts
[2] Based on the average exchange rate for May 2015 - 50.5895 RUB per 1 USD, May 2014 – 34.9308 RUB per 1 USD, 5M 2015 – 57.9706 RUB per 1 USD, 5M 2014 – 35.0930 RUB per 1 USD