Press-release
Krasnodar
March 10, 2015
PJSC "Magnit" Announces 34.01% Retail Sales Growth in Rubles for
February 2015[1]
Krasnodar, March 10, 2015: PJSC "Magnit", Russia's largest food
retailer (the "Company"; MOEX and LSE: MGNT) announces 34.01% retail sales
growth in rubles for February 2015.
During February 2015 the Company opened (net) 145 stores. The total
store base reached 9,933 stores (8,479 convenience stores, 193 hypermarkets,
98 "Magnit Family" stores and 1,163 drogerie stores).
Preliminary consolidated unaudited net retail revenue (excl. VAT)
in 2M 2015 increased by 34.66% in ruble terms (compared to 2M 2014) and stood
at 140,237.04 million rubles.
According to Rosstat food inflation in February 2015 amounted to
3.3% compared to 1.2% in February 2014, in 2M 2015 - 9.1% compared to 2.2% in
2M 2014.
February and 2M 2015 Key Operating and Financial Highlights:
February February Growth 2М 2015 2М 2014 Growth
2015 2014 Rate Rate
Number of 145 78 n/a 222 114 n/a
opened
stores, NET
convenience 91 62 n/a 135 96 n/a
stores
hypermarkets 3 1 n/a 3 1 n/a
magnit 1 2 n/a 1 2 n/a
family
drogerie 50 13 n/a 83 15 n/a
stores
Total number 9,933 8,207 n/a 9,933 8,207 n/a
of stores
convenience 8,479 7,296 n/a 8,479 7,296 n/a
stores
hypermarkets 193 162 n/a 193 162 n/a
magnit 98 48 n/a 98 48 n/a
family
drogerie 1,163 701 n/a 1,163 701 n/a
stores
Selling 3,667.17 3,044.07 20.47% 3,667.17 3,044.07 20.47%
space, eop,
th. sq. m.
convenience 2,719.42 2,337.10 16.36% 2,719.42 2,337.10 16.36%
stores
hypermarkets 570.51 484.85 17.67% 570.51 484.85 17.67%
magnit 109.86 55.62 97.54% 109.86 55.62 97.54%
family
drogerie 267.38 166.51 60.58% 267.38 166.51 60.58%
stores
Selling 55.21 24.52 n/a 76.53 32.70 n/a
space
growth, th.
sq.m.
convenience 32.03 17.36 n/a 46.11 24.91 n/a
stores
hypermarkets 11.42 1.97 n/a 11.42 1.97 n/a
magnit 0.79 2.36 n/a 0.79 2.36 n/a
family
drogerie 10.97 2.84 n/a 18.21 3.47 n/a
stores
Net retail 70,318.28 52,473.10 34.01% 140,237.04 104,138.56 34.66%
sales,
million RUR
convenience 52,224.67 40,281.40 29.65% 104,767.88 80,365.36 30.36%
stores
hypermarkets 12,496.17 9,469.06 31.97% 24,715.07 18,544.72 33.27%
magnit 3,116.23 1,407.01 121.48% 6,151.75 2,749.41 123.75%
family
drogerie 2,481.21 1,315.62 88.60% 4,602.34 2,479.07 85.65%
stores
Net retail 1,087.12 1,489.61 (27.02)% 2,218.62 3,036.07 (26.92)%
sales,
million
US$[2]
convenience 807.39 1,143.51 (29.39)% 1,657.48 2,342.98 (29.26)%
stores
hypermarkets 193.19 268.81 (28.13)% 391.01 540.65 (27.68)%
magnit 48.18 39.94 20.62% 97.32 80.16 21.42%
family
drogerie 38.36 37.35 2.71% 72.81 72.27 0.74%
stores
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
December 31, 2014, Magnit operated 27 distribution centers and over 9,700
stores (8,344 convenience, 287 hypermarkets, and 1,080 drogerie stores) in
approximately 2,100 cities and towns throughout 7 federal regions of the
Russian Federation.
In accordance with the unaudited IFRS management accounts 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 February 2015 - 64.6833
RUB per 1 USD, February 2014 - 35.2260 RUB per 1 USD, 2M 2015 - 63.2090 RUB
per 1 USD, 2M 2014 - 34.3005 RUB per 1 USD