OJSC MAGNIT: 200 Thousand Employees
August 19, 2013
Krasnodar, August 19, 2013: OJSC "Magnit", Russia's largest retailer (the "Company"; MICEX and LSE: MGNT), is pleased to announce that its total headcount has now exceeded 200 thousand.
Please be informed that the total headcount of OJSC "Magnit" group of companies has exceeded 200 000, including over 183 000 active employees (about 17 000 are on maternity leave).
The Company's personnel breakdown is the following:
69% - in-store personnel;
20% - people engaged in distribution;
7% - people in regional branches;
3% - employed by the Head Office.
OJSC "Magnit" is the largest private employer in Russia.
For further information, please contact:
Timothy Post Director, Investor Relations
Email: email@example.com Office: +7-861-277-4554 x7600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562
Dina Svishcheva Deputy Director, Investor Relations
Email: Chistyak@gw.tander.ru Office: +7-861-277-45-54 x5101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562 Company description: Magnit is Russia's largest retailer. Founded in 1994 by Sergey Galitskiy, the company is headquartered in the southern Russian city of Krasnodar. As of June 30, 2013, Magnit operates 18 distribution centers and over 7,000 stores (6,552 convenience, 164 hypermarkets, and 700 cosmetics) in more than 1,700 cities and towns throughout 7 federal regions of the Russian Federation. In accordance with the unaudited IFRS management accounts for 1H 2013, Magnit had revenues of $8,796 million USD and an EBITDA of $889 million USD. Magnit's local shares are traded on the Moscow Stock Exchange (MICEX: 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 now Europe's 2nd largest retailer. END -0- Aug/19/2013 10:24 GMT