Press-release
Krasnodar
June 6, 2014
OJSC "Magnit" Announces the Opening of the 52nd "Magnit Family" Store
Krasnodar, June 6, 2014: OJSC "Magnit", Russia's largest food retailer (the
"Company"; MICEX and LSE: MGNT), is pleased to announce the opening of the 52nd
"Magnit Family" store.
Please be informed that today the Company has opened its 52nd "Magnit Family"
store located at 105, Karla Marxa street ("Apelsin" shopping center), Vologda,
North-Western federal district. Assortment of the store consists of about 9,600
SKUs, out of which about 86% are food items. There are 13 cash desks installed
in the sales area. The outlet is leased by the Company. The hypermarket is open
7 days a week from 10 am to 10 pm.
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: +7-861-277-4554 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, 2014,
Magnit operated 23 distribution centers and over 8,200 stores (7,341
convenience, 215 hypermarkets, and 700 cosmetics) in more than 1,905 cities and
towns throughout 7 federal regions of the Russian Federation.
In accordance with the audited IFRS consolidated financial statements for 2013,
Magnit had revenues of $18,202 million USD and an EBITDA of $2,032 million USD.
Magnit's local shares are traded on the Moscow Stock Exchange (MICEX: 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.