MAGNIT
Press-release
Krasnodar
January 11, 2016
PJSC "Magnit" Announces 16.68% Retail Sales Growth in Rubles for December 2015
[1]
Krasnodar, January 11, 2016: PJSC "Magnit", Russia's largest food retailer (the
"Company"; MOEX and LSE: MGNT) announces 16.68% retail sales growth in rubles
for December 2015.
During December 2015 the Company opened (net) 164 stores. The total store base
reached 12,089 stores (9,594 convenience stores, 219 hypermarkets, 155 "Magnit
Family" stores and 2,121 drogerie stores).
Preliminary consolidated unaudited net retail revenue (excl. VAT) in 12M 2015
increased by 24.27% in ruble terms (compared to 12M 2014) and stood at
947,800.99 million rubles.
December 2015 Key Operating and Financial Highlights:
December 2015 December 2014 Growth Rate
Number of opened stores, NET 164 204 n/a
convenience stores 69 111 n/a
hypermarkets 2 9 n/a
magnit family 17 19 n/a
drogerie stores 76 65 n/a
Total number of stores 12,089 9,711 n/a
convenience stores 9,594 8,344 n/a
hypermarkets 219 190 n/a
magnit family 155 97 n/a
drogerie stores 2,121 1,080 n/a
Selling space, eop, th. sq. m. 4,413.72 3,590.64 22.92%
convenience stores 3,119.56 2,673.31 16.69%
hypermarkets 639.14 559.09 14.32%
magnit family 170.18 109.07 56.03%
drogerie stores 484.84 249.17 94.58%
Selling space growth, th. sq.m. 68.63 96.05 n/a
convenience stores 24.11 41.63 n/a
hypermarkets 9.04 21.36 n/a
magnit family 17.83 19.09 n/a
drogerie stores 17.65 13.97 n/a
Number of customers, million 326.15 282.35 15.51%
convenience stores 271.14 240.45 12.76%
hypermarkets 26.61 24.04 10.73%
magnit family 11.41 7.79 46.54%
drogerie stores 16.99 10.07 68.61%
Net retail sales, million RUR 101,922.70 87,355.88 16.68%
convenience stores 71,908.81 62,684.52 14.72%
hypermarkets 18,505.93 17,621.14 5.02%
magnit family 5,844.09 4,019.29 45.40%
drogerie stores 5,663.87 3,030.93 86.87%
Net retail sales, million US$[2] 1,462.72 1,572.88 (7.00)%
convenience stores 1,031.98 1,128.66 (8.57)%
hypermarkets 265.58 317.28 (16.29)%
magnit family 83.87 72.37 15.89%
drogerie stores 81.28 54.57 48.95%
4Q and 12M 2015 Key Operating and Financial Highlights:
4Q 2015 4Q 2014 Growth Rate 12? 2015 12? 2014 Growth Rate
Number of opened 701 691 n/a 2,378 1,618 n/a
stores, NET
convenience stores 348 453 n/a 1,250 1,144 n/a
hypermarkets 11 15 n/a 29 29 n/a
magnit family 28 29 n/a 58 51 n/a
drogerie stores 314 194 n/a 1,041 394 n/a
Total number of stores 12,089 9,711 n/a 12,089 9,711 n/a
convenience stores 9,594 8,344 n/a 9,594 8,344 n/a
hypermarkets 219 190 n/a 219 190 n/a
magnit family 155 97 n/a 155 97 n/a
drogerie stores 2,121 1,080 n/a 2,121 1,080 n/a
Selling space, eop. th. 4,413.72 3,590.64 22.92% 4,413.72 3,590.64 22.92%
sq. m.
convenience stores 3,119.56 2,673.31 16.69% 3,119.56 2,673.31 16.69%
hypermarkets 639.14 559.09 14.32% 639.14 559.09 14.32%
magnit family 170.18 109.07 56.03% 170.18 109.07 56.03%
drogerie stores 484.84 249.17 94.58% 484.84 249.17 94.58%
Selling space growth, 258.73 263.64 n/a 823.08 579.26 n/a
th. sq.m.
convenience stores 122.26 153.60 n/a 446.25 361.11 n/a
hypermarkets 34.18 37.11 n/a 80.05 76.21 n/a
magnit family 30.36 30.24 n/a 61.11 55.81 n/a
drogerie stores 71.92 42.69 n/a 235.67 86.13 n/a
Number of customers, 895.82 785.28 14.08% 3,376.86 2,944.12 14.70%
million
convenience stores 754.72 676.19 11.61% 2,874.00 2,567.15 11.95%
hypermarkets 68.76 64.50 6.60% 263.05 237.59 10.72%
magnit family 29.08 19.67 47.81% 100.30 60.93 64.60%
drogerie stores 43.26 24.91 73.65% 139.51 78.45 77.82%
Net retail sales, 259,152.76 220,433.04 17.57% 947,800.99 762,721.31 24.27%
million RUR
convenience stores 188,929.34 163,402.86 15.62% 701,274.95 577,775.77 21.37%
hypermarkets 43,310.51 41,305.34 4.85% 161,578.67 139,655.12 15.70%
magnit family 13,509.11 9,023.09 49.72% 44,825.31 25,533.74 75.55%
drogerie stores 13,403.80 6,701.76 100.00% 40,122.06 19,756.68 103.08%
Net retail sales, 3,929.93 4,648.10 (15.45)% 15,548.45 19,851.32 (21.68)%
million US$[3]
convenience stores 2,865.02 3,445.55 (16.85)% 11,504.25 15,037.75 (23.50)%
hypermarkets 656.78 870.97 (24.59)% 2,650.66 3,634.80 (27.08)%
magnit family 204.86 190.26 7.67% 735.35 664.57 10.65%
drogerie stores 203.26 141.31 43.84% 658.19 514.21 28.00%
LFL results
Formats 4Q 2015 - 4Q 2014[4]
# of Stores Average Ticket Traffic Sales
Convenience Stores 7,798 3.33% (1.45)% 1.83%
Hypermarkets 181 (0.28)% (7.36)% (7.63)%
Magnit Family 77 (0.97)% (6.53)% (7.44)%
Drogeries 973 13.72% (1.63)% 11.86%
Total 9,029 2.07% (2.09)% (0.07)%
Formats 12M 2015 - 12M 20144
# of Stores Average Ticket Traffic Sales
Convenience Stores 7,287 8.14% (0.79)% 7.29%
Hypermarkets 179 5.53% (3.80)% 1.51%
Magnit Family 76 4.33% (3.55)% 0.62%
Cosmetics Stores 910 13.24% 5.62% 19.61%
Total 8,452 7.23% (0.96)% 6.21%
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:
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,
2015, Magnit operated 33 distribution centers and about 12,089 stores (9,594
convenience, 374 hypermarkets, and 2,121 drogerie stores) in 2,361 cities and
towns throughout 7 federal regions of the Russian Federation.
In accordance with the reviewed IFRS consolidated financial statements for 1H
2015, Magnit had revenues of RUB 455 billion and an EBITDA of RUB 49 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 December 2015 - 69.6801 RUB per 1
USD, December 2014 - 55.5389 RUB per 1 USD
[3] Based on the average exchange rate for 4Q 2015 - 65.9434 RUB per 1 USD, 4Q
2014 - 47.4243 RUB per 1 USD, 12M 2015 - 60.9579 RUB per 1 USD, 12M 2014 -
38.4217 RUB per 1 USD
[4] LFL calculation base includes stores (all formats), which have been opened
12 months prior to the last month of the reporting period. i.e. by December 1,
2014.
Magnit PAO : PJSC MAGNIT : - December/12M 2015 Results
January 11, 2016 at 07:01 am
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