OREANDA-NEWS. March 19, 2012. OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT) is pleased to announce its unaudited February 2012 results1

During 2M 2011 the Company opened (net) 71 stores. The total store base reached 5,380 stores (5,047 convenience stores, 93 hypermarkets and 240 cosmetics stores). Preliminary consolidated unaudited net retail revenue (excl. VAT) in 2M 2012 increased by 34.97% in ruble terms (compared to 2M 2011) and stood at 64,415.25 million rubles.

February 2012 Key Operating and Financial Highlights2:

 

February 2012

February 2011

Growth Rate

2M 2012

2M 2011

Growth Rate

Number of opened stores, NET

34

51

n/a

71

81

n/a

convenience stores

18

48

n/a

41

78

n/a

hypermarkets

0

2

n/a

0

2

n/a

cosmetics stores

16

1

n/a

30

1

n/a

Total number of stores

5,380

4,136

n/a

5,380

4,136

n/a

convenience stores

5,047

4,080

n/a

5,047

4,080

n/a

hypermarkets

93

53

n/a

93

53

n/a

cosmetics stores

240

3

n/a

240

3

n/a

Selling space, thousand sq. m.

1,993.69

1,461.57

36.41%

1,993.69

1,461.57

36.41%

convenience stores

1,653.03

1,290.25

28.12%

1,653.03

1,290.25

28.12%

hypermarkets

283.29

170.44

66.21%

283.29

170.44

66.21%

cosmetics stores

57.37

0.88

n/a

57.37

0.88

n/a

Net retail sales, million RUR

33,292.60

24,216.89

37.48%

64,415.25

47,726.54

34.97%

convenience stores

27,699.22

21,425.28

29.28%

53,828.44

42,346.92

27.11%

hypermarkets

5,268.21

2,788.53

88.92%

10,018.35

5,374.28

86.41%

cosmetics stores

325.17

3.08

n/a

568.47

5.34

n/a

Net retail sales, million USD 3

1,114.06

826.66

34.77%

2,096.35

1,606.40

30.50%

convenience stores

926.89

731.37

26.73%

1,751.81

1,425.33

22.91%

hypermarkets

176.29

95.19

85.20%

326.04

180.89

80.24%

cosmetics stores

10.88

0.11

n/a

18.50

0.18

n/a

1          According to management accounts

2          Please note that February 2012 had 29 days when comparing 2M 2012 with 2M 2011.

3          Based on the average exchange rate for February 2012 of 29.8839 RUB per 1 USD, February 2011 - 29.2947 RUB per 1 USD, 2М 2012 - 30.7273 RUB per 1 USD, 2M 2011 - 29.7102 RUB per 1 USD