“Magnet” in October increased its revenue 19.4%

“Magnet” in October increased its revenue 19.4%

Revenue of hypermarkets retail Russian retailer “Magnit” for October increased to 8,01%, also said in a statement.

MOSCOW, 10 Nov. Retail the largest Russian retailer “Magnit” in October 2015, increased revenue by 19,36% compared with the same period last year — up to 79,04 billion roubles, is spoken in the message of the company.

Thus, in October, the growth of sales “the Magnet” has increased in comparison with September of this year, when the revenue of the retailer increased by 19,31%. The revenue growth for January-October amounted to $ 26,16% to 767,689 billion. For the year Magnit expects to increase revenue by 26%.

Sales network of “convenience stores”, which are the main trade format is “Magnet” in October has increased by 16,56%, to 58,788 billion rubles, for ten months of the year — on 22,87% to 571,134 billion. Revenue of hypermarkets in the last month increased to 8,01% to 12,518 billion rubles in January-October — 18,96%, to $ 130,786 billion.

In October the retailer opened 203 of the store (including closures). The total number of stores reached 11,591 thousand (9349 “convenience stores”, 212 hypermarkets, 133 stores “Magnit family” stores and 1897 cosmetics).

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 2014 increased 33.9% to 47,686 billion.