OREANDA-NEWS. May 15, 2012. OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT) is pleased to announce its unaudited April 2012 results

During 4M 2012 the Company opened (net) 221 stores. The total store base reached 5,530 stores (5,142 convenience stores, 93 hypermarkets, 5 "Magnit Family" stores and 290 cosmetics stores). Preliminary consolidated unaudited net retail revenue (excl. VAT) in 4M 2012 increased by 32.40% in ruble terms (compared to 4M 2011) and stood at 135,085.18 million rubles.

To estimate sales growth rate it should be noted that food inflation in April 2012 y-o-y amounted to 1.2% compared to 14.1% in April 2011 y-o-y.

April 2012 Key Operating and Financial Highlights:

 

April 2012

April 2011

Growth Rate

4M 2012

4M 2011

Growth Rate

 

Number of opened stores, NET

64

88

n/a

221

222

n/a

 

convenience stores

38

73

n/a

136

199

n/a

 

hypermarkets

2

5

n/a

3

11

n/a

 

magnit family

-

-

n/a

2

-

 

 

cosmetics stores

24

10

n/a

80

12

n/a

 

Total number of stores

5,530

4,277

n/a

5,530

4,277

n/a

 

convenience stores

5,142

4,201

n/a

5,142

4,201

n/a

 

hypermarkets

93

61

n/a

93

61

n/a

 

magnit family

5

1

n/a

5

1

 

 

cosmetics stores

290

14

n/a

290

14

n/a

 

Selling space, thousand sq. m.

2,048.01

1,530.64

33.80%

2,048.01

1,530.64

33.80%

 

convenience stores

1,687.16

1,333.43

26.53%

1,687.16

1,333.43

26.53%

 

hypermarkets

286.28

192.89

48.42%

286.28

192.89

48.42%

 

magnit family

6.20

1.47

n/a

6.20

1.47

n/a

 

cosmetics stores

68.36

2.84

n/a

68.36

2.84

n/a

 

 

April 2012

April 2011

Growth Rate

4M 2012

4M 2011

Growth Rate

Net retail sales, million RUR

34,491.75

26,993.96

27.78%

135,085.18

102,025.26

32.40%

convenience stores

28,440.58

23,471.14

21.17%

112,099.37

89,809.95

24.82%

hypermarkets

5,584.88

3,487.41

60.14%

21,265.15

12,101.01

75.73%

magnit family

153.69

27.74

n/a

455.26

96.12

n/a

cosmetics stores

312.60

7.67

n/a

1,265.40

18.19

n/a

Net retail sales, million USD

1,170.22

960.47

21.84%

4,492.60

3,520.71

27.60%

convenience stores

964.92

835.12

15.54%

3,728.15

3,099.18

20.29%

hypermarkets

189.48

124.09

52.70%

707.23

417.58

69.36%

magnit family

5.21

0.99

n/a

15.14

3.32

n/a

cosmetics stores

10.61

0.27

n/a

42.08

0.63

n/a