9 Nov 2016 07:01
PJSC MAGNIT - October 2016 ResultsPJSC 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 2016 | October 2015 | Growth Rate | 10M 2016 | 10M 2015 | Growth Rate | |
| Number of opened stores, NET | 133 | 203 | n/a | 1,408 | 1,880 | n/a |
| convenience stores | 75 | 103 | n/a | 619 | 1,005 | n/a |
| hypermarkets | 0 | 4 | n/a | 9 | 22 | n/a |
| magnit family | 1 | 6 | n/a | 25 | 36 | n/a |
| drogerie stores | 57 | 90 | n/a | 755 | 817 | n/a |
| Total number of stores | 13,497 | 11,591 | n/a | 13,497 | 11,591 | n/a |
| convenience stores | 10,213 | 9,349 | n/a | 10,213 | 9,349 | n/a |
| hypermarkets | 228 | 212 | n/a | 228 | 212 | n/a |
| magnit family | 180 | 133 | n/a | 180 | 133 | n/a |
| drogerie stores | 2,876 | 1,897 | n/a | 2,876 | 1,897 | n/a |
| Selling space, eop, th. sq. m. | 4,866.28 | 4,227.79 | 15.10% | 4,866.28 | 4,227.79 | 15.10% |
| convenience stores | 3,346.05 | 3,033.35 | 10.31% | 3,346.05 | 3,033.35 | 10.31% |
| hypermarkets | 659.37 | 613.87 | 7.41% | 659.37 | 613.87 | 7.41% |
| magnit family | 197.27 | 146.72 | 34.45% | 197.27 | 146.72 | 34.45% |
| drogerie stores | 663.59 | 433.85 | 52.95% | 663.59 | 433.85 | 52.95% |
| Selling space growth, th. sq. m. | 40.89 | 72.80 | n/a | 452.56 | 637.15 | n/a |
| convenience stores | 26.25 | 36.05 | n/a | 226.49 | 360.04 | n/a |
| hypermarkets | 0.00 | 8.91 | n/a | 20.23 | 54.78 | n/a |
| magnit family | 0.96 | 6.90 | n/a | 27.09 | 37.65 | n/a |
| drogerie stores | 13.68 | 20.93 | n/a | 178.75 | 184.68 | n/a |
| Net retail sales, million RUR | 87,299.70 | 79,041.02 | 10.45% | 874,040.84 | 767,689.25 | 13.85% |
| convenience stores | 64,881.39 | 58,788.32 | 10.36% | 647,598.38 | 571,133.93 | 13.39% |
| hypermarkets | 12,008.56 | 12,518.15 | (4.07)% | 129,302.84 | 130,786.31 | (1.13)% |
| magnit family | 4,572.36 | 3,830.65 | 19.36% | 46,321.33 | 35,146.85 | 31.79% |
| drogerie stores | 5,837.39 | 3,903.91 | 49.53% | 50,818.29 | 30,622.17 | 65.95% |
| Net retail sales, million US$ | 1,392.76 | 1,252.89 | 11.16% | 12,893.59 | 12,866.40 | 0.21% |
| convenience stores | 1,035.10 | 931.86 | 11.08% | 9,553.18 | 9,572.15 | (0.20)% |
| hypermarkets | 191.58 | 198.43 | (3.45)% | 1,907.44 | 2,191.97 | (12.98)% |
| magnit family | 72.95 | 60.72 | 20.14% | 683.32 | 589.06 | 16.00% |
| drogerie stores | 93.13 | 61.88 | 50.50% | 749.66 | 513.22 | 46.07% |
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.
[1] According to management accounts
[2] Based on the average exchange rate for October 2016 – 62.6810 RUB per 1 USD, October 2015 – 63.0871 RUB per 1 USD, 10M 2016 – 67.7888 RUB per 1 USD, 10M 2015 – 59.6662 RUB per 1 USD