Press-release
Krasnodar
September 9, 2014
OJSC "Magnit" Announces 34.13% Retail Sales Growth in Rubles for
August 2014[1]
Krasnodar, September 9, 2014: OJSC "Magnit", Russia's largest food
retailer (the "Company"; MICEX and LSE: MGNT) announces 34.13% retail sales
growth in rubles for August 2014.
During August 2014 the Company opened (net) 166 stores. The total
store base reached 8,899 stores (7,812 convenience stores, 172 hypermarkets,
62 "Magnit Family" stores and 853 drogeries).
Preliminary consolidated unaudited net retail revenue (excl. VAT)
in 8M 2014 increased by 29.49% in ruble terms (compared to 8M 2013) and stood
at 480,181.89 million rubles.
According to Rosstat food inflation in August 2014 amounted to
-0.3% compared to -0.7% in August 2013, in 8M 2014 7.3% compared to 4.4% in 8M
2013.
[1] According to management accounts
August and 8M 2014 Key Operating and Financial Highlights:
August 2014 August 2013 Growth Rate 8М 2014 8М 2013 Growth Rate
Number of opened stores, NET 166 71 n/a 806 671 n/a
convenience stores 126 70 n/a 612 642 n/a
hypermarkets 2 4 n/a 11 21 n/a
magnit family 1 0 n/a 16 10 n/a
drogeries 37 (3) n/a 167 (2) n/a
Total number of stores 8,899 7,555 n/a 8,899 7,555 n/a
convenience stores 7,812 6,688 n/a 7,812 6,688 n/a
hypermarkets 172 147 n/a 172 147 n/a
magnit family 62 30 n/a 62 30 n/a
drogeries 853 690 n/a 853 690 n/a
Selling space, eop, th. sq. m. 3,278.12 2,814.92 16.45% 3,278.12 2,814.92 16.45%
convenience stores 2,494.66 2,169.17 15.01% 2,494.66 2,169.17 15.01%
hypermarkets 512.23 446.93 14.61% 512.23 446.93 14.61%
magnit family 71.71 35.44 102.36% 71.71 35.44 102.36%
drogeries 199.51 163.39 22.11% 199.51 163.39 22.11%
Selling space growth, th. sq.m. 50.72 31.60 n/a 266.74 265.67 n/a
convenience stores 37.80 19.60 n/a 182.46 191.71 n/a
hypermarkets 4.27 12.49 n/a 29.35 59.32 n/a
magnit family 0.92 0.00 n/a 18.45 11.08 n/a
drogeries 7.73 (0.49) n/a 36.47 3.56 n/a
Net retail sales, million RUR 65,569.62 48,883.85 34.13% 480,181.89 370,839.74 29.49%
convenience stores 49,790.82 37,729.49 31.97% 366,932.88 291,264.79 25.98%
hypermarkets 11,823.92 9,137.01 29.41% 87,606.05 66,484.62 31.77%
magnit family 2,211.58 958.09 130.83% 14,384.94 6,077.15 136.71%
drogeries 1,743.31 1,059.25 64.58% 11,258.02 7,013.17 60.53%
Net retail sales, million US$[2] 1,815.76 1,480.63 22.63% 13,688.00 11,775.90 16.24%
convenience stores 1,378.82 1,142.78 20.65% 10,459.74 9,249.02 13.09%
hypermarkets 327.43 276.75 18.31% 2,497.29 2,111.20 18.29%
magnit family 61.24 29.02 111.04% 410.06 192.98 112.49%
drogeries 48.28 32.08 50.47% 320.92 222.70 44.10%
[2] Based on the average exchange rate for August 2014 - 36.1113
RUB per 1 USD, August 2013 - 33.0156 RUB per 1 USD, 8M 2014 - 35.0805 RUB per
1 USD, 8M 2013 - 31.4914 RUB per 1 USD
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 June
30, 2014, Magnit operated 24 distribution centers and over 8,600 stores (7,614
convenience, 226 hypermarkets, and 778 drogeries) in approximately 2,000
cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the reviewed IFRS consolidated financial
statements for 1H 2014, Magnit had revenues of $9,979 million USD and an
EBITDA of $1,045 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.