“Magnet” in March increased revenues to 89,96 billion

“Magnet” in March increased revenues to 89,96 billion


Compared to February 2016 in March, the sales growth of “Magnit” has slowed. Overall revenue growth for January-March amounted to 16,59% to 254,435 billion.

MOSCOW, 11 APR. Retail the largest Russian retailer “Magnit” in March 2016 increased revenue by 15,35% compared with the same period last year — up 89,964 billion roubles, is spoken in the message of the company.

Thus, in March the growth of sales of “Magnit” has slowed in comparison with February of this year, when the revenue of the retailer increased by 19,46%. At the same time, in February the growth rate impact of an additional day for leap year — excluding this factor, sales rose by 15.65%. The revenue growth for January-March amounted to 16,59% to 254,435 billion.

Sales network of “convenience stores”, which are the main trade format is “Magnet”, in March has increased by 14.77% to 66,367 billion rubles, three months of the year to 15.32 percent, to 187,51 billion. Revenue of hypermarkets in the last month fell by 0.98% to 13,879 billion rubles in January-March has grown on 1,92%, to $ 39,473 billion.

Sales of comparable stores “Magnet” (like-for-like, LfL) in the first quarter increased by 0.44%. While the average check has decreased on 1,01% and customer traffic grew by 1.46%.

In March, the retailer opened a store 132 (including closures). The total number of stores reached 434 thousand 12 (9 715 thousand “convenience stores”, 225 hypermarkets, 157 stores “Magnit family” and 2 thousand 337 of cosmetics stores).

The largest shareholder of the network of shops “Magnet” (the Central office located in Krasnodar) is Sergey Galitsky, who owns about 40% of the shares; approximately 54% of the shares are in free float. The company’s net profit under IFRS in 2015 increased by 23,85% to 59,061 billion rubles, EBITDA increased by 21,03% to 103,973 billion.