OREANDA-NEWS. November 15, 2011. OJSC "Magnit" (the "Company"; RTS, MICEX and LSE: MGNT) is pleased to announce its unaudited October 2011 results1

During 10M 2011 the Company opened (net) 815 stores. The total store base reached 4,870 stores (4,675 convenience stores, 77 hypermarkets and 118 cosmetics stores). Preliminary consolidated unaudited net retail revenue (excl. VAT) in 10M 2011 increased by 44.41% in ruble terms (compared to 10M 2010) and stood at 268,278.56 million rubles.

October 2011 Key Operating and Financial Highlights:

 

October 2011

October 2010

Growth Rate

10M 2011

10M 2010

Growth Rate

Number of opened stores, NET

103

87

n/a

815

552

n/a

convenience stores

82

87

n/a

673

541

n/a

hypermarkets

1

-

n/a

26

11

n/a

cosmetics stores

20

-

n/a

116

-

n/a

 

Total number of stores

4,870

3,780

n/a

4,870

3,780

n/a

convenience stores

4,675

3,745

n/a

4,675

3,745

n/a

hypermarkets

77

35

n/a

77

35

n/a

cosmetics stores

118

-

n/a

118

-

n/a

 

Selling space, thousand sq. m.

1,782.99

1,269.25

40.48%

1,782.99

1,269.25

40.48%

convenience stores

1,520.20

1,152.95

31.85%

1,520.20

1,152.95

31.85%

hypermarkets

235.24

116.30

102.27%

235.24

116.30

102.27%

cosmetics stores

27.56

-

n/a

27.56

-

n/a

 

Net retail sales, million RUR

28,171.41

21,304.66

32.23%

268,278.56

185,776.99

44.41%

convenience stores

23,930.88

19,140.96

25.02%

232,002.49

167,862.58

38.21%

hypermarkets

4,113.89

2,163.70

90.13%

35,885.28

17,914.41

100.32%

cosmetics stores

126.64

-

n/a

390.80

-

n/a

 

Net retail sales, million USD 2

898.27

702.63

27.84%

9,241.07

6,139.22

50.53%

convenience stores

763.05

631.27

20.88%

7,991.52

5,547.21

44.06%

hypermarkets

131.17

71.36

83.82%

1,236.10

592.00

108.80%

cosmetics stores

4.04

-

n/a

13.46

-

n/a

1          According to management accounts

2          Based on the average exchange rate for October 2011 of 31.3620 RUB per 1 USD, October 2010 - 30.3214 RUB per 1 USD, 10М 2011 - 29.0311 RUB per 1 USD, 10M 2010 - 30.2607 RUB per 1 USD