OREANDA-NEWS. OJSC Magnit, Russia's largest retailer (the Company; MICEX and LSE: MGNT) announces 29.23% retail sales growth in rubles for August 2013.

During August 2013 the Company opened (net) 71 stores. The total store base reached 7,555 stores (6,688 convenience stores, 147 hypermarkets, 30 Magnit Family stores and 690 cosmetics stores).

Preliminary consolidated unaudited net retail revenue (excl. VAT) in 8M 2013 increased by 30.94% in ruble terms (compared to 8M 2012) and stood at 370,839.74 million rubles.

August and 8M 2013 Key Operating and Financial Highlights:

August 2013

August 2012

Growth Rate

8M 2013

8M 2012

Growth Rate

Number of opened stores, NET

71

137

n/a

671

665

n/a

convenience stores

70

85

n/a

642

419

n/a

hypermarkets

4

3

n/a

21

15

n/a

Magnit family

0

2

n/a

10

5

n/a

cosmetics stores

(3)

47

n/a

(2)

226

n/a

Total number of stores

7,555

5,974

n/a

7,555

5,974

n/a

convenience stores

6,688

5,425

n/a

6,688

5,425

n/a

hypermarkets

147

105

n/a

147

105

n/a

Magnit family

30

8

n/a

30

8

n/a

cosmetics stores

690

436

n/a

690

436

n/a

Selling space growth, th. sq.m.

31.60

51.21

n/a

265.67

242.96

n/a

convenience stores

19.60

27.03

n/a

191.71

142.90

n/a

hypermarkets

12.49

12.30

n/a

59.32

46.24

n/a

Magnit family

0

2.46

n/a

11.08

6.09

n/a

cosmetics stores

(0.49)

9.43

n/a

3.56

47.74

n/a

Selling space, eop, th. sq. m.

2,814.92

2,213.13

27.19%

2,814.92

2,213.13

27.19%

convenience stores

2,169.17

1,780.73

21.81%

2,169.17

1,780.73

21.81%

hypermarkets

446.93

324.68

37.65%

446.93

324.68

37.65%

magnit family

35.44

9.88

n/a

35.44

9.88

n/a

cosmetics stores

163.39

97.83

n/a

163.39

97.83

n/a

Net retail sales, million RUR

48,883.85

37,827.02

29.23%

370,839.74

283,203.29

30.94%

convenience stores

37,729.49

30,389.32

24.15%

291,264.79

232,548.84

25,25%

hypermarkets

9,137.01

6,679.06

36.80%

66,484.62

46,433.55

43.18%

magnit family

958.09

230.80

n/a

6,077.15

1,221.36

n/a

cosmetics stores

1,059.25

527.84

n/a

7,013.77

2,999.53

n/a

Net retail sales, million USD

1,480.63

1,183.06

25.15%

11,775.90

9,122.26

29.09%

convenience stores

1,142.78

950.44

20.24%

9,249.02

7,490.63

23.47%

hypermarkets

276.75

208.89

32.48%

2,111.20

1,495.67

41.15%

magnit family

29.02

7.22

n/a

192.98

39.34

n/a

cosmetics stores

32.08

16.51

n/a

222.70

96.62

n/a