19 Sep 2016 15:35
PJSC MAGNIT - Magnit in Forbes' 200 Biggest Russia's Companies RankingPJSC MAGNIT - Magnit in Forbes' 200 Biggest Russia's Companies Ranking
PR Newswire
London, September 19
Press Release
Krasnodar
September 19, 2016
“Magnit” Has Been Included in the Ranking of the 200 Biggest Russia’s Nongovernmental Companies by Forbes
Krasnodar, Russia (September 19, 2016): Magnit PJSC, one of Russia’s leading retailers (the “Company”; MOEX and LSE: MGNT), has been included in the Ranking of the 200 Biggest Russia’s Nongovernmental Companies by the Forbes business magazine.
Please be informed that “Magnit” retail chain was ranked 3rd by sales in the Annual Ranking of the 200 Biggest Russia’s Nongovernmental Companies by the Forbes business magazine.
Please follow the link below to view the full version of the ranking for 2016:
http://www.forbes.ru/rating/200-krupneishikh-chastnykh-kompanii-rossii-2016/2016
For further information, please contact:
Timothy Post | Head of Investor Relations Email: post@magnit.ru Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562 |
Investor Relations Office | MagnitIR@magnit.ru Direct Line: +7-861-277-4562 Website: ir.magnit.com/ |
Media Inquiries | Media Relations Department press@magnit.ru |
Company description:
Public Joint Stock Company “Magnit” is one of Russia's leading retailers. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of June 30, 2016, Magnit operated 34 distribution centers and 12,888 stores (9,902 convenience, 398 hypermarkets and 2,588 drogerie stores) in 2,397 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the reviewed IFRS consolidated financial statements for 1H 2016, Magnit had revenues of RUB 522 billion and an EBITDA of RUB 52 billion. Magnit's local shares are traded on the Moscow 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.