OREANDA-NEWS. April 11, 2012. "Magnit" (the "Company"; MICEX and LSE: MGNT) is pleased to announce its unaudited March 2012 results

During 3M 2012 the Company opened (net) 157 stores. The total store base reached 5,466 stores (5,104 convenience stores, 96 hypermarkets and 266 cosmetics stores). Preliminary consolidated unaudited net retail revenue (excl. VAT) in 3M 2012 increased by 34.07% in ruble terms (compared to 3M 2011) and stood at 100,593.43 million rubles.

March 2012 Key Operating and Financial Highlights:

 

March 2012

March 2011

Growth Rate

3M 2012

3M 2011

Growth Rate

 

Number of opened stores, NET

86

53

n/a

157

134

n/a

 

convenience stores

57

48

n/a

98

126

n/a

 

hypermarkets

3

4

n/a

3

6

n/a

 

cosmetics stores

26

1

n/a

56

2

n/a

 

Total number of stores

5,466

4,189

n/a

5,466

4,189

n/a

 

convenience stores

5,104

4,128

n/a

5,104

4,128

n/a

 

hypermarkets

96

57

n/a

96

57

n/a

 

cosmetics stores

266

4

n/a

266

4

n/a

 

Selling space, thousand sq. m.

2,024.90

1,485.72

36.29%

2,024.90

1,485.72

36.29%

 

convenience stores

1,673.48

1,303.42

28.39%

1,673.48

1,303.42

28.39%

 

hypermarkets

288.29

181.00

59.28%

288.29

181.00

59.28%

 

cosmetics stores

63.12

1.30

n/a

63.12

1.30

n/a

 

Number of customers, million

165.47

134.78

22.77%

462.04

370.14

24.83%

 

 

152.72

128.34

19.00%

427.82

353.36

21.07%

 

 

11.18

6.41

74.29%

30.26

16.73

80.93%

 

 

1.57

0.03

n/a

3.96

0.05

n/a

 

 

March 2012

March 2011

Growth Rate

3M 2012

3M 2011

Growth Rate

Net retail sales, million RUR

36,178.18

27,304.76

32.50%

100,593.43

75,031.30

34.07%

convenience stores

29,830.35

23,991.88

24.34%

83,658.79

66,338.81

26.11%

hypermarkets

5,963.49

3,307.70

80.29%

15,981.84

8,681.98

84.08%

cosmetics stores

384.33

5.18

n/a

952.80

10.52

n/a

Net retail sales, million USD

1,231.90

960.37

28.27%

3,323.84

2,563.44

29.66%

convenience stores

1,015.75

843.85

20.37%

2,764.28

2,266.46

21.96%

hypermarkets

203.06

116.34

74.54%

528.08

296.62

78.03%

cosmetics stores

13.09

0.18

n/a

31.48

0.36

n/a

LFL results

LFL growth 1Q 2012 - 1Q 2011

Convenience stores

Hypermarkets

Total

Average ticket (excluding VAT), RUR

4.73%

3.87%

4.90%

Traffic

(0.88)%

3.37%

(0.75)%

Revenue, RUR

3.81%

7.37%

4.12%