Magnit Announces Acquisition of 4000th Truck
OREANDA-NEWS. June 14, 2012. OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT) is pleased to announce the increase of its fleet to 4,000 vehicles.
We are pleased to inform you that the Company has purchased its 4,000th truck.
Automobile operating companies of OJSC "Magnit" are located in 17 towns of
Vehicles of the Company make over 2,500 rounds on a daily basis. Today more than 10,300 employees are engaged in transportation.
Approximately two-thirds of the Company's stores are located in cities with a population of less than 500,000 inhabitants. Most of its stores are located in the Southern, North-Caucasian, Central and
As of March 31, 2012 the Company operated an in-house logistics system consisting of 15 distribution centers, employing automated stock replenishment systems and a fleet of 3,922 vehicles.
In accordance with the audited IFRS consolidated financial statements for 2011, the Company recorded consolidated revenue of approximately USD 11,423 million and consolidated EBITDA of around USD 939 million.