5 Dec 2016 11:30
PJSC MAGNIT - New Hypermarkets and Magnit Family Stores OpeningPJSC MAGNIT - New Hypermarkets and Magnit Family Stores Opening
PR Newswire
London, December 5
Press Release
Krasnodar
December 5, 2016
Magnit Announces the Opening of New Hypermarkets and “Magnit Family” Stores
Krasnodar (December 5, 2016): Magnit PJSC, one of Russia’s leading retailers is pleased to announce the opening of new hypermarkets and “Magnit Family” stores.
The 182nd “Magnit Family” store is located at 1 Promploschadka street, Voskresensk, Moscow oblast, Central federal region. Assortment of the store consists of more than 8 300 SKUs, out of which about 87% are food items. There are 13 cash desks installed in the sales area. The outlet is owned by the Company. The store is open 7 days a week from 8 am to 11 pm.
The 229th hypermarket (small format) is located at 8 Barrikadnaya street, Volgograd, Southern federal region. Assortment of the store consists of more than 9 700 SKUs, out of which about 83% are food items. There are 16 cash desks installed in the sales area. The outlet is owned by the Company. The store is open 7 days a week from 8:30 am to 11 pm.
The 183rd “Magnit Family” store is located at 23/1 Perelyota street, Omsk, Siberian federal region. Assortment of the store consists of about 7 200 SKUs, out of which about 85% are food items. There are 10 cash desks installed in the sales area. The outlet is owned by the Company. The store is open 7 days a week from 9 am to 11 pm.
The 230th hypermarket (small format) is located at 282 Pobedy prospekt, (“Pobeda” shopping center), Chelyabinsk, Urals federal region. Assortment of the store consists of about 11 300 SKUs, out of which about 78% are food items. There are 15 cash desks installed in the sales area. The outlet is leased by the Company. The store is open 7 days a week from 9 am to 11 pm.
The 184th “Magnit Family” store is located at 14 Obyezdnaya street, Aksay, Rostov oblast, Southern federal region. Assortment of the store consists of more than 10 300 SKUs, out of which about 86% are food items. There are 11 cash desks installed in the sales area. The outlet is owned by the Company. The store is open 7 days a week from 8 am to 10 pm.
The 185th “Magnit Family” store is located at 139e Zheleznodorozhnaya street, Novoaleksandrovsk, Stavropol krai, North-Caucasian federal region. Assortment of the store consists of more than 9 400 SKUs, out of which about 86% are food items. There are 9 cash desks installed in the sales area. The outlet is leased by the Company. The store is open 7 days a week from 9 am to 10 pm.
For further information, please contact:
| Timothy Post | Head of Investor Relations Email: post@magnit.ru Office: +7-861-277-4554 x 17600 |
| 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 September 30, 2016, Magnit operated 33 distribution centers and 13,364 stores (10,138 convenience, 407 hypermarkets and 2,819 drogerie stores) in 2,436 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.