OJSC MAGNIT: Magnit Unaudited FY 2013 Financial Results
January 21, 2014
OJSC "Magnit" Announces the Publication Date of Unaudited FY2013 Financial Results Prepared in accordance with the IFRS and Based on the Management Accounts
Krasnodar, January 21, 2014: OJSC "Magnit", Russia's largest retailer (the "Company"; MICEX and LSE: MGNT), is pleased to announce the publication date of unaudited FY 2013 financial results prepared in accordance with the IFRS and based on the management accounts.
Please be informed that OJSC "Magnit" plans to release its unaudited FY 2013 financial results prepared in accordance with the IFRS and based on management accounts on Monday, January 27, 2014.
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: +7-861-277-4554 x5101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562 Company description: Magnit is Russia's largest retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of December 31, 2013, Magnit operated 22 distribution centers and over 8,000 stores (7,200 convenience, 207 hypermarkets, and 686 cosmetics) in more than 1,868 cities and towns throughout 7 federal regions of the Russian Federation. In accordance with its reviewed IFRS consolidated financial statements, Magnit had 1H 2013 revenues of $8.7 billion USD and an EBITDA of $890 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 food retailer. END -0- Jan/21/2014 07:50 GMT