OJSC MAGNIT: November/11M 2012 Results

Press-release 
Krasnodar 
December 10, 2012 
OJSC "Magnit" announces 35% retail sales growth in rubles in November 2012 
Krasnodar, December 10, 2012: OJSC "Magnit" (the "Company"; MICEX
and LSE: MGNT) announces 35% retail sales growth in rubles in November
2012[1]. 
During 11M 2012 the Company opened (net) 1,168 stores. The total
store base reached 6,477 stores (5,753 convenience stores, 113 hypermarkets,
17 "Magnit Family" stores and 594 cosmetics stores). Preliminary consolidated
unaudited net retail revenue (excl. VAT) in 11M 2012 increased by 33.51% in
ruble terms (compared to 11M 2011) and stood at 396,706.95 million rubles. 
November 2012 Key Operating and Financial Highlights: 
                              November 2012 November 2011  Growth Rate    
11M 2012     11M 2011    Growth Rate 
Number of opened stores, NET                196           153           n/a      
1,168          968           n/a 


               convenience stores           122           108           n/a     
     747          781           n/a
                     hypermarkets             4             3           n/a     
      23           27           n/a
                    magnit family             3             0           n/a     
      14            2           n/a
                 cosmetics stores            67            42           n/a     


 384          158           n/a 
Total number of stores                    6,477         5,023           n/a      
6,477        5,023           n/a 
           convenience stores         5,753         4,783           n/a      
5,753        4,783           n/a 


                     hypermarkets           113            77           n/a     
     113           77           n/a
                    magnit family            17             3           n/a     
      17            3           n/a
                 cosmetics stores           594           160           n/a     


 594          160           n/a 
Selling space, thousand sq. m.         2,392.58      1,839.29        30.08%     
2,392.58     1,839.29        30.08% 
           convenience stores      1,888.08      1,558.54        21.14%     
1,888.08     1,558.54        21.14% 
                 hypermarkets        348.48        239.91        45.25%     
  348.48       239.91        45.25% 
                magnit family         20.36          3.80           n/a      
20.36         3.80           n/a 
             cosmetics stores        135.66         37.04           n/a     
  135.66        37.04           n/a 
                              November 2012 November 2011  Growth Rate    
11M 2012     11M 2011    Growth Rate 
Net retail sales, million RUR         38,993.84     28,855.88        35.13%   
396,706.95   297,134.44        33.51% 
           convenience stores     31,434.86     24,474.98        28.44%   
324,341.21   256,477.47        26.46% 
                 hypermarkets      6,484.24      4,139.25        56.65%    
65,289.62    39,425.46        65.60% 
                magnit family        467.08         86.18           n/a     
2,366.57       685.24           n/a 
             cosmetics stores        607.66        155.47           n/a     
4,709.56       546.27           n/a 
Net retail sales, million US$[2]       1,241.56        934.99        32.79%    
12,745.40    10,177.41        25.23% 
           convenience stores      1,000.88        793.04        26.21%    
10,420.43     8,784.83        18.62% 
                 hypermarkets        206.46        134.12        53.93%     
2,097.62     1,350.40        55.33% 
                magnit family         14.87          2.79           n/a      
76.03        23.47           n/a 
             cosmetics stores         19.35          5.04           n/a     
  151.31        18.71           n/a 
For further information, please contact: 
Oleg Goncharov                                       Director, Investor 
Relations 
                                                 e-mail: 
Goncharov@gw.tander.ru 
                                                 Tel. in Krasnodar +7 (861) 
277-45-54, 210-98-10 ext. 5100 
                                                 Mob.: +7 (903) 411-40-35 
                                                 Direct line for investors 
only: +7 (861) 277-45-62 
Dina Svishcheva                                      Manager, Investor 
Relations 
                                                 e-mail: 
Chistyak@gw.tander.ru 
                                                 Tel. in Krasnodar +7 (861) 
277-45-54, 210-98-10 ext. 5101 
                                                 Mob.: +7-961-511-02-02 
                                                 Direct line for investors 
only: +7 (861) 277-45-62 
Company description: 
Headquartered in the southern Russia city of Krasnodar, Magnit (LSE
and MICEX: MGNT) is the holding company for a group of entities that operate
in the retail trade under the "Magnit" brand. The chain of "Magnit" stores is
one of the leading food retail networks in Russia. As of September 30, 2012
the chain consisted of 5,523 convenience stores, 105 hypermarkets, 11 "Magnit
Family" stores and 480 cosmetics stores (drogerie) in 1,504 cities and towns
throughout the Russian Federation. 
Approximately two-thirds of the Magnit's stores are located in
cities with a population of less than 500,000 inhabitants. Most of its stores
are located in the Southern, North-Caucasian, Central and Volga regions. The
Company also operates stores in the North-Western, Urals and Siberian regions. 
As of September 30, 2012 Magnit operated an in-house logistics
system consisting of 17 distribution centers, employing automated stock
replenishment systems and a fleet of 4,082 vehicles. 
In accordance with the reviewed IFRS consolidated financial
statements for 1H 2012, the Magnit recorded consolidated revenues of
approximately $6.7 billion USD and a consolidated EBITDA of $671 million USD. 
--------------------------------- 
[1] According to management accounts 
[2] Based on the average exchange rate for November 2012 of 31.4071 RUB per 1
USD, November 2011 - 30.8622 RUB per 1 USD, 11М 2012 - 31.1255 RUB per 1 USD,
11M 2011 - 29.1955 RUB per 1 USD 
END 
-0- Dec/10/2012 07:00 GMT
 
 
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