Press Release
Krasnodar
January 27, 2017
Magnit Announces Guidance for 2017
Krasnodar, January 27, 2017: Magnit PJSC, one of Russia's leading retailers
(MOEX and LSE: MGNT), announces guidance for 2017.
Magnit announces Sales Growth and Store Openings Guidance for 2017:
2017
Sales Growth Rate (RUR): 9-13%
Number of Store Openings (Net):
Convenience Stores 1,700
Hypermarkets 15+
Magnit Family 25+
Drogerie Stores 1,000
Note: This announcement contains inside information which is disclosed in
accordance with the Market Abuse Regulation which came into effect on 3 July
2016.
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 December 31, 2016, Magnit operated 35 distribution centers and
14,059 stores (10,521 convenience, 431 hypermarkets and 3,107 drogerie stores)
in 2,494 cities and towns throughout 7 federal regions of the Russian
Federation.
In accordance with the unaudited IFRS management accounts for 2016, Magnit had
revenues of RUB 1.07 trillion and an EBITDA of RUB 108 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.
Forward-looking statements:
This document contains forward-looking statements that may or may not prove
accurate. For example, statements regarding expected sales growth rate and
store openings are forward-looking statements. Forward-looking statements
involve known and unknown risks, uncertainties and other important factors that
could cause actual results to differ materially from what is expressed or
implied by the statements. Any forward-looking statement is based on
information available to Magnit as of the date of the statement. All written or
oral forward-looking statements attributable to Magnit are qualified by this
caution. Magnit does not undertake any obligation to update or revise any
forward-looking statement to reflect any change in circumstances.