11 Dec 2015 08:01
PJSC MAGNIT - New Hypermarket and "Magnit Family" Store OpeningPJSC MAGNIT - New Hypermarket and "Magnit Family" Store Opening
PR Newswire
London, December 11
Press-release
Krasnodar
December 11, 2015
PJSC “Magnit” Announces the Opening of a New Hypermarket and a “Magnit Family” Store
Krasnodar, December 11, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), is pleased to announce the opening of a new hypermarket and a “Magnit Family” store.
Please be informed that today the Company opened a new hypermarket and a “Magnit Family” store.
The 218th hypermarket (medium format) is located at 37 Zipovskaya street, Krasnodar, Southern federal region. Assortment of the hypermarket consists of more than 25,200 SKUs, out of which about 68% are food items. There are 24 cash desks installed in the sales area. The outlet is leased by the Company. The hypermarket is open 7 days a week from 9 am to 11 pm.
The 143rd “Magnit Family” store is located at 89 Gagarina street, Gagarin, Smolensk oblast, Central federal region. Assortment of the store consists of around 8,800 SKUs, out of which about 85% are food items. There are 13 cash desks installed in the sales area. The outlet is owned by the Company. The store is open 7 days a week from 8 am to 11 pm.
For further information, please contact:
Timothy Post | Head of Investor RelationsEmail: post@magnit.ruOffice: +7-861-277-4554 x 17600Mobile: +7-961-511-7678Direct Line: +7-861-277-4562 |
Investor Relations Office | MagnitIR@magnit.ruDirect Line: +7-861-277-4562Website: ir.magnit.com/ |
Media Inquiries | Media Relations Departmentpress@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 September 30, 2015, Magnit operated 29 distribution centers and about 11,400 stores (9,246 convenience, 335 hypermarkets, and 1,807 drogerie stores) in 2,297 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.