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October 2016 Results

9 Nov 2016 07:01

PJSC MAGNIT - October 2016 Results

PJSC MAGNIT - October 2016 Results

PR Newswire

London, November 9

Press Release

Krasnodar

November 9, 2016

Magnit Announces 10.45% Retail Sales Growth in Rubles for October 2016[1]

Krasnodar, Russia (November 9, 2016): Magnit PJSC, one of Russia’s leading retailers (the “Company”; MOEX and LSE: MGNT), announces 10.45% retail sales growth in rubles for October 2016.

During October 2016 the Company opened (net) 133 stores. The total store base reached 13,497 stores (10,213 convenience stores, 228 hypermarkets, 180 “Magnit Family” stores and 2,876 drogerie stores).

Preliminary consolidated unaudited net retail revenue (excl. VAT) in 10M 2016 increased by 13.85% in ruble terms (compared to 10M 2015) and stood at 874,040.84 million rubles.

According to Rosstat, general inflation in October 2016 amounted to 0.4% compared to 0.7% in October 2015, in 10M 2016 it was 4.5% compared to 11.2% in 10M 2015.

Food inflation in October 2016 amounted to 0.8% compared to 1.0% in October 2015, in 10M 2016 it was 3.2% compared to 11.4% in 10M 2015.

October and 10M 2016 Key Operating and Financial Highlights[2]:

October 2016October 2015Growth Rate10M 201610M 2015Growth Rate
Number of opened stores, NET133203n/a1,4081,880n/a
convenience stores75103n/a6191,005n/a
hypermarkets04n/a922n/a
magnit family16n/a2536n/a
drogerie stores5790n/a755817n/a
Total number of stores13,49711,591n/a13,49711,591n/a
convenience stores10,2139,349n/a10,2139,349n/a
hypermarkets228212n/a228212n/a
magnit family180133n/a180133n/a
drogerie stores2,8761,897n/a2,8761,897n/a
Selling space, eop, th. sq. m.4,866.284,227.7915.10%4,866.284,227.7915.10%
convenience stores3,346.053,033.3510.31%3,346.053,033.3510.31%
hypermarkets659.37613.877.41%659.37613.877.41%
magnit family197.27146.7234.45%197.27146.7234.45%
drogerie stores663.59433.8552.95%663.59433.8552.95%
Selling space growth, th. sq. m.40.8972.80n/a452.56637.15n/a
convenience stores26.2536.05n/a226.49360.04n/a
hypermarkets0.008.91n/a20.2354.78n/a
magnit family0.966.90n/a27.0937.65n/a
drogerie stores13.6820.93n/a178.75184.68n/a
Net retail sales, million RUR87,299.7079,041.0210.45%874,040.84767,689.2513.85%
convenience stores64,881.3958,788.3210.36%647,598.38571,133.9313.39%
hypermarkets12,008.5612,518.15(4.07)%129,302.84130,786.31(1.13)%
magnit family4,572.363,830.6519.36%46,321.3335,146.8531.79%
drogerie stores5,837.393,903.9149.53%50,818.2930,622.1765.95%
Net retail sales, million US$1,392.761,252.8911.16%12,893.5912,866.400.21%
convenience stores1,035.10931.8611.08%9,553.189,572.15(0.20)%
hypermarkets191.58198.43(3.45)%1,907.442,191.97(12.98)%
magnit family72.9560.7220.14%683.32589.0616.00%
drogerie stores93.1361.8850.50%749.66513.2246.07%

For further information, please contact:

Timothy PostHead of Investor Relations Email: post@magnit.ru Office: +7-861-277-4554 x 17600
Investor Relations OfficeMagnitIR@magnit.ru Direct Line: +7-861-277-4562 Website: ir.magnit.com/
Media InquiriesMedia 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.

[1] According to management accounts

[2] Based on the average exchange rate for October 201662.6810 RUB per 1 USD, October 201563.0871 RUB per 1 USD, 10M 2016 – 67.7888 RUB per 1 USD, 10M 2015 – 59.6662 RUB per 1 USD

Date   Source Headline
30th Aug 202210:30 amEQSCancellation of the listing and admission to trading of the GDRs representing PJSC Magnit shares from the London Stock Exchange
19th Aug 20227:00 amEQSMagnit reports 38.2% total sales growth (19.1% adjusted for the Dixy acquisition) and 7.0% EBITDA margin in 1H 2022
19th Aug 20227:00 amEQSMagnit reports 38.2% total sales growth (19.1% adjusted for the Dixy acquisition) and 7.0% EBITDA margin in 1H 2022
18th Aug 20224:00 pmEQSMagnit has notified the Custodian of the need to conduct automatic conversion of its GDRs
18th Aug 20224:00 pmEQSMagnit has notified the Custodian of the need to conduct automatic conversion of its GDRs
28th Jul 20227:00 amEQSMagnit reports 38.7% total sales growth (19.7% adjusted for Dixy acquisition) and 13.1% LFL sales growth in 2Q 2022
28th Jul 20227:00 amEQSMagnit reports 38.7% total sales growth (19.7% adjusted for Dixy acquisition) and 13.1% LFL sales growth in 2Q 2022
18th Jul 20224:00 pmEQSUpdate on amendments of the procedure for conversion of global depositary receipts of PJSC Magnit
18th Jul 20224:00 pmEQSUpdate on amendments of the procedure for conversion of global depositary receipts of PJSC Magnit
13th Jul 20225:00 pmEQSUpcoming delisting of GDRs representing PJSC Magnit shares
13th Jul 20225:00 pmEQSUpcoming delisting of GDRs representing PJSC Magnit shares
1st Jul 20225:55 pmEQSMagnit announces the AGM invalid
1st Jul 20225:55 pmEQSMagnit announces the AGM invalid
27th Jun 20222:27 pmEQSMagnit notifies on the transactions by the person discharging managerial responsibilities
27th Jun 20222:26 pmEQSMagnit notifies on the transactions by the person discharging managerial responsibilities
23rd Jun 20223:45 pmEQSMagnit announces the coupon yield payment
23rd Jun 20223:45 pmEQSMagnit announces the coupon yield payment
22nd Jun 20223:42 pmEQSMagnit notifies on the transactions by the person discharging managerial responsibilities
22nd Jun 20223:42 pmEQSMagnit notifies on the transactions by the person discharging managerial responsibilities
17th Jun 20224:07 pmEQSMagnit notifies on the transactions by the person discharging managerial responsibilities
17th Jun 20224:06 pmEQSMagnit notifies on the transactions by the person discharging managerial responsibilities
15th Jun 20224:10 pmEQSMagnit notifies on the disposal of shares by the entity under the issuer’s control
15th Jun 20224:10 pmEQSMagnit notifies on the disposal of shares by the entity under the issuer’s control
10th Jun 20222:00 pmEQSMagnit notifies on the transactions by the person discharging managerial responsibilities
10th Jun 20221:59 pmEQSMagnit notifies on the transactions by the person discharging managerial responsibilities
9th Jun 20223:15 pmEQSMagnit notifies on the disposal of shares by the entity under the issuer’s control
9th Jun 20223:15 pmEQSMagnit notifies on the disposal of shares by the entity under the issuer’s control
8th Jun 20223:15 pmEQSMagnit notifies on the disposal of shares by the entity under the issuer’s control
8th Jun 20223:15 pmEQSMagnit notifies on the disposal of shares by the entity under the issuer’s control
7th Jun 20224:30 pmEQSMagnit notifies on the transactions by the persons discharging managerial responsibilities
7th Jun 20224:30 pmEQSMagnit notifies on the disposal of shares by the entity under the issuer’s control
1st Jun 20223:30 pmEQSMagnit announces the coupon yield payment
27th May 20229:00 amEQSMagnit announces the results of the Board meeting
20th May 20225:59 pmEQSMagnit notifies JPMorgan Chase Bank, N.A. of termination of the deposit agreement and GDR programme
20th May 20221:00 pmEQSMagnit announces the coupon yield payment
6th May 202212:40 pmEQSMagnit announces the exclusion of its bonds from the “First Level” section of the list of securities admitted to trading at Moscow Exchange due to their redemption
5th May 20225:10 pmEQSMagnit submits an application to continue its GDR Programme
4th May 20223:40 pmEQSMagnit announces payment of the coupon yield and the nominal value of the exchange-traded bonds
29th Apr 20224:50 pmEQSMagnit reports 37.7% total sales growth (18.5% adjusted for Dixy acquisition) and 12.0% LFL sales growth in 1Q 2022
29th Apr 20228:50 amEQSMagnit announces the publication of its 2021 Annual Report
29th Apr 20227:59 amEQSMagnit announces the results of the Board meeting, including the decision to call the AGM and the AGM record date
27th Apr 20221:00 pmEQSMagnit announces the coupon yield payment
26th Apr 20229:55 pmEQSNotification for the holders of the Global Depository Receipts of Magnit
26th Apr 202210:20 amEQSMagnit opens first cosmetics store in Uzbekistan
12th Apr 20221:00 pmEQSMagnit announces staff changes in e-commerce
4th Apr 20224:45 pmEQSS&P Global Ratings withdrew Magnit's credit rating
9th Mar 20222:00 pmEQSMagnit announces the results of the Board meeting
9th Mar 20222:00 pmEQSS&P Global Ratings downgraded Magnit's credit rating to 'CCC-' level after similar action on sovereign
4th Mar 20226:00 amEQSMagnit reports 19.5% total sales growth and 7.2% EBITDA margin in 2021
3rd Mar 20223:10 pmEQSMagnit announces the coupon yield payment

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