OREANDA-NEWS. OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT) announces 33% retail sales growth in rubles for January 2013.

During January 2013 the Company opened (net) 37 stores. The total store base reached 6,921 stores (6,080 convenience stores, 126 hypermarkets, 21 "Magnit Family" stores and 694 cosmetics stores).

Preliminary consolidated unaudited net retail revenue (excl. VAT) in January 2013 increased by 32.57% in ruble terms (compared to January 2012) and stood at 41,260.60 million rubles.

January 2013 Key Operating and Financial Highlights:

 

January 2013

January 2012

Growth Rate

Number of opened stores, NET

37

37

n/a

convenience stores

34

23

n/a

hypermarkets

0

0

n/a

magnit family

1

0

n/a

cosmetics stores

2

14

n/a

 

Total number of stores

6,921

5,346

n/a

convenience stores

6,080

5,029

n/a

hypermarkets

126

90

n/a

magnit family

21

3

n/a

cosmetics stores

694

224

n/a

 

Selling space, thousand sq. m.

2,562.81

1,983.12

29.23%

convenience stores

1,988.00

1,646.29

20.76%

hypermarkets

387.62

279.50

38.68%

magnit family

25.81

3.80

n/a

cosmetics stores

161.39

53.52

n/a

 

January 2013

January 2012

Growth Rate

Net retail sales, million RUR

41,260.60

31,122.65

32.57%

convenience stores

33,189.02

26,129.22

27.02%

hypermarkets

6,816.40

4,660.91

46.25%

magnit family

574.64

89.22

n/a

cosmetics stores

680.55

243.30

n/a

 

Net retail sales, million USD

1,363.63

987.51

38.09%

convenience stores

1,096.87

829.07

32.30%

hypermarkets

225.28

147.89

52.33%

magnit family

18.99

2.83

n/a

cosmetics stores

22.49

7.72

n/a