OREANDA-NEWS. July 17, 2012. OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT) announces 33.79% retail sales growth in rubles in June 2012.

During 6M 2012 the Company opened (net) 413 stores. The total store base reached 5,722 stores (5,268 convenience stores, 98hypermarkets, 5 "Magnit Family" stores and 351 cosmetics stores). Preliminary consolidated unaudited net retail revenue (excl. VAT) in 6M 2012 increased by 32.54% in ruble terms (compared to 6M 2011) and stood at 207,467.47 million rubles.

June 2012 Key Operating and Financial Highlights:

 

June 2012

June 2011

Growth Rate

6M 2012

6M 2011

Growth Rate

Number of opened stores, NET

109

97

n/a

413

405

n/a

convenience stores

72

84

n/a

262

364

n/a

hypermarkets

2

-

n/a

8

13

n/a

magnit family

-

2

n/a

2

2

n/a

cosmetics stores

35

11

n/a

141

26

n/a

 

Total number of stores

5,722

4,460

n/a

5,722

4,460

n/a

convenience stores

5,268

4,366

n/a

5,268

4,366

n/a

hypermarkets

98

63

n/a

98

63

n/a

magnit family

5

3

n/a

5

3

n/a

cosmetics stores

351

28

n/a

351

28

n/a

 

Selling space, thousand sq. m.

2,119.53

1,612.85

31.42%

2,119.53

1,612.85

31.42%

convenience stores

1,729.52

1,406.70

22.95%

1,729.52

1,406.70

22.95%

hypermarkets

303.12

196.79

54.03%

303.12

196.79

54.03%

magnit family

6.20

3.80

n/a

6.20

3.80

n/a

cosmetics stores

80.70

5.56

n/a

80.70

5.56

n/a

 

Number of customers, million

168.80

136.48

23.68%

965.08

778.54

23.96%

 

convenience stores

155.21

128.92

20.40%

891.92

740.12

20.51%

 

hypermarkets

11.42

7.18

59.16%

62.25

37.59

65.63%

 

magnit family

0.54

0.27

n/a

2.41

0.53

n/a

 

cosmetics stores

1.63

0.12

n/a

8.50

0.30

n/a

 

 

June 2012

June 2011

Growth Rate

6M 2012

6M 2011

Growth Rate

Net retail sales, million RUR

36,445.07

27,240.36

33.79%

207,467.47

156,533.06

32.54%

convenience stores

29,689.60

23,509.18

26.29%

171,468.09

136,977.62

25.18%

hypermarkets

6,183.93

3,618.89

70.88%

33,201.16

19,285.97

72.15%

magnit family

179.54

88.51

n/a

797.63

212.64

n/a

cosmetics stores

392.00

23.77

n/a

2,000.59

56.83

n/a

 

Net retail sales, million USD

1,107.18

973.41

13.74%

6,771.35

5,468.56

23.82%

convenience stores

901.96

840.08

7.37%

5,596.40

4,785.38

16.95%

hypermarkets

187.86

129.32

45.27%

1,083.62

673.76

60.83%

magnit family

5.45

3.16

n/a

26.03

7.43

n/a

cosmetics stores

11.91

0.85

n/a

65.30

1.99

n/a

LFL results

LFL growth 6M 2012 - 6M 2011

Convenience stores

Hypermarkets

Total

Average ticket (excluding VAT), RUR

4.37%

3.06%

4.48%

Traffic

(1.06)%

2.55%

(0.94)%

Revenue, RUR

3.26%

5.69%

3.50