Press-release
Krasnodar
December 5, 2012
OJSC "Magnit" announces the opening of the 18th" Magnit Family"
store
Krasnodar, December 5, 2012: OJSC
"Magnit" (the "Company"; MICEX and LSE: MGNT) is pleased to
announce the opening of the 18th "Magnit Family" store.
Dear Ladies and Gentlemen!
We are glad to inform you that today the Company has opened its
18th "Magnit Family" store located at 16 Lenina prospect,
Samara, Volga federal district.
Assortment of the store consists of more than 5,500 SKUs, out of
which about 89% are food items. There are 11 cash desks installed
in the sales area. The store is open 7 days a week from
10 am to 10 pm.
For further information, please contact:
Oleg Goncharov Director, Investor Relations
e-mail: Goncharov@gw.tander.ru
Tel. in Krasnodar +7 (861) 277-45-54,
210-98-10 ext. 5100
Mob.: +7 (903) 411-40-35
Direct line for investors only: +7
(861) 277-45-62
Dina Svishcheva Manager, Investor Relations
e-mail: Chistyak@gw.tander.ru
Tel. in Krasnodar +7 (861) 277-45-54,
210-98-10 ext. 5101
Mob.: +7-961-511-02-02
Direct line for investors only: +7
(861) 277-45-62
Company description:
Based in Krasnodar, in the Southern region of Russia, Open Joint Stock Company "Magnit" (LSE
and MICEX: MGNT, S&P: "BB-") is the holding company for a group
of entities that operate in the retail trade under the "Magnit"
brand. The chain of "Magnit" stores is one of the leading food
retail networks in Russia. As of
September 30, 2012 the chain
consisted of 5,523 convenience stores, 105 hypermarkets, 11 "Magnit
Family" stores and 480 cosmetics stores (drogerie) in 1,504
locations in the Russian
Federation.
Approximately two-thirds of the Company's stores are located in
cities with a population of less than 500,000 inhabitants. Most of
its stores are located in the Southern, North-Caucasian, Central
and Volga regions. The Company also operates stores in the
North-Western, Urals and Siberian regions.
As of September 30, 2012 the
Company operated an in-house logistics system consisting of 17
distribution centers, employing automated stock replenishment
systems and a fleet of 4,082 vehicles.
In accordance with the reviewed IFRS consolidated financial
statements for 1H 2012, the Company recorded consolidated revenue
of approximately US$ 6,776 million
and consolidated EBITDA of around US$ 671
million.