Magnit

Magnit announces the appointment of Executive Director

Retrieved on: 
Thursday, January 20, 2022 - 1:16pm

Krasnodar, Russia (January 20, 2022): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, announces the appointment of Alexey Kornya to the position of the Executive Director and Deputy Chief Executive Officer of the retail chain.

Key Points: 
  • Krasnodar, Russia (January 20, 2022): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, announces the appointment of Alexey Kornya to the position of the Executive Director and Deputy Chief Executive Officer of the retail chain.
  • In Magnit, Alexey Kornya will be responsible for e-commerce, finance and legal affairs, investment and risk management.
  • The key tasks of Alexey include acceleration of the Company's ongoing digital transformation and assistance in further development of digital services for customers.
  • Before MTS, he worked as the Chief Financial Consultant at AIG and in various positions at Polymetal and PwC.

Magnit's production facilities put out record-breaking 360,000 tonnes of goods

Retrieved on: 
Wednesday, January 19, 2022 - 8:25pm

Increased production output was achieved thanks to the introduction of new items to the private label range, improved yields at greenhouse complexes, and ramp-up of production rates at new facilities.

Key Points: 
  • Increased production output was achieved thanks to the introduction of new items to the private label range, improved yields at greenhouse complexes, and ramp-up of production rates at new facilities.
  • As of the end of 2021, the Company's production facilities put out nearly 102,000 tonnes of fresh fruits and vegetables (+11%), about 17,800 tonnes of confections (+7%), more than 150,000 tonnes of dry and frozen foods (+ 30%), 46,600 tonnes of flour-based products (in line with 2020).
  • Cheese packaging facilities recorded a 17% uplift and put out 36,000 tonnes of goods thanks to the previously launched facilities in Penza and Dmitrov reaching their full capacity.
  • "Our production facilities serve as key suppliers of goods for our private labels.

DGAP-News: Successful performance of Ekosem-Agrar AG's Milk Processing business area

Retrieved on: 
Monday, January 17, 2022 - 12:04pm

Walldorf, 17 January 2022 - Ekosem-Agrar AG, the German holding company of Russian milk producer EkoNiva Group, continued to successfully develop its fledgling Milk Processing business area in the past financial year 2021.

Key Points: 
  • Walldorf, 17 January 2022 - Ekosem-Agrar AG, the German holding company of Russian milk producer EkoNiva Group, continued to successfully develop its fledgling Milk Processing business area in the past financial year 2021.
  • The portfolio meanwhile comprises 71 products, including fresh milk with different fat contents, organic milk, long-life milk, drinking and organic yogurt, desserts, kefir, sour cream, curd, butter, ice-cream and cheese.
  • Over the past years, the EkoNiva brand has accounted for a continuously growing share in revenues, which most recently reached 77%.
  • 3,100 tons of raw milk make the company the largest milk producer in the country.

Magnit announces the changes of the rights of Marathon Group to dispose a certain number of votes accounted for voting shares of PJSC Magnit

Retrieved on: 
Friday, January 14, 2022 - 3:06pm

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • Krasnodar, January 14, 2022: Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, announces the acquisition of the right of Marathon Group1 and Alexander Vinokurov to dispose a certain number of votes accounted for voting shares in the charter capital of PJSC Magnit (hereinafter - "Votes on Magnit shares" or "Votes").
  • The Company has been informed of the increase of the share of Votes of Marathon Group to 29.23% (acquisition of additional 4.23% of Votes due to the satisfaction of the corresponding application of Marathon Retail LLC by the FAS of Russia).
  • This amount includes Votes on Magnit shares transferred to VTB Group2 under the repurchase agreements concluded between Marathon Retail LLC and VTB Group.

Magnit announces the transactions by the person closely associated with persons discharging managerial responsibilities

Retrieved on: 
Friday, January 14, 2022 - 12:05pm

As of September 30, 2021, Magnit operated 45 distribution centers and 25,315 stores in 3,840 cities and towns throughout 7 federal regions of the Russian Federation.

Key Points: 
  • As of September 30, 2021, Magnit operated 45 distribution centers and 25,315 stores in 3,840 cities and towns throughout 7 federal regions of the Russian Federation.
  • In accordance with the unaudited IFRS 16 management accounts results for 9M 2021, Magnit had revenues of RUB 1,311.5 billion and an EBITDA of RUB 151.4 billion.
  • Any forward-looking statement is based on information available to Magnit as of the date of the statement.
  • Magnit does not undertake any obligation to update or revise any forward-looking statement to reflect any change in circumstances.

Magnit tallies up New Year sales

Retrieved on: 
Thursday, January 13, 2022 - 7:01am

Krasnodar, Russia (January 13, 2022): Magnit PJSC (MOEX and LSE: MGNT; the Company), one of the leading Russian retailers, has summarized its sales [1] for the period preceding the New Year.

Key Points: 
  • Krasnodar, Russia (January 13, 2022): Magnit PJSC (MOEX and LSE: MGNT; the Company), one of the leading Russian retailers, has summarized its sales [1] for the period preceding the New Year.
  • In total, during the last two weeks of 2021, customers made over 213 million purchases in Magnit.
  • The average "New Year" ticket in Magnit during the reporting period amounted to 513.1 rubles, which is 9.5% higher versus the previous year.
  • Sales of ready-to-eat products in the Company's big boxes increased by 13%; overall, Magnit sold 690 tonnes of salads, 235 tonnes of grilled products, as well as other dishes.

Magnit fulfills over 100,000 online orders in one day

Retrieved on: 
Wednesday, January 12, 2022 - 1:11pm

Krasnodar, Russia (January 12, 2022): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, delivered 105 thousand online orders to its customers in one day in the lead-up to the New Year.

Key Points: 
  • Krasnodar, Russia (January 12, 2022): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, delivered 105 thousand online orders to its customers in one day in the lead-up to the New Year.
  • The record-high number of orders for the Company's own delivery and partner services was set on December 30, 2021.
  • The share of orders made outside of Moscow and Saint Petersburg reached 79% in the last two weeks of 2021.
  • "In the last three months, we've managed to double the number of online orders, and in December, we've successfully surpassed 100 thousand purchases.

Magnit announces the coupon yield payment

Retrieved on: 
Thursday, December 23, 2021 - 2:07pm

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • Krasnodar, Russia (December 23, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company), one of Russia's leading retailers, announces the 4th coupon yield payment against bonds.
  • Please be informed that today PJSC Magnit fulfilled its obligation of the 4th coupon yield payment against bonds of the BO-003-05 series in the amount of 329,100,000 rubles.
  • Non-convertible interest-bearing certified exchange-traded bonds of PJSC "Magnit" of the BO-003-05 series to the bearer with the obligatory centralized custody, placed under the Program of the exchange-traded bonds with the identification number
    Identifiation number of the securities issue and the date of its assignment:
    4B02-05-60525-P-003P as of December 23, 2019
    Reporting (coupon) period which the yield is paid for:
    The total amount of the yield paid against bonds:
    The amount of the yield paid against one bond:
    The total number of bonds against which the yield is paid:
    The date of the obligation fulfilment:
    The share (as a percentage) of the performed obligation in the total amount obligation:

Magnit names 2021 bestsellers

Retrieved on: 
Wednesday, December 22, 2021 - 7:01am

Krasnodar, Russia (December 22, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, announced analytics about consumer demand over the past year and named the top items with the highest sales uplift.

Key Points: 
  • Krasnodar, Russia (December 22, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, announced analytics about consumer demand over the past year and named the top items with the highest sales uplift.
  • in Magnit stores grew by almost 2.5x in value terms y-o-y, topping the list of goods that the Company considers the symbols of 2021.
  • In total, Magnit stores sold over 5.8 million items of sports nutrition products, with protein bars selling especially fast.
  • In Magnit, customers primarily bought framed swimming pools and related accessories, as well as double size inflatable mattresses.

S&P Global Ratings upgraded Magnit's credit rating to 'BB+' level

Retrieved on: 
Tuesday, December 21, 2021 - 1:42am

Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar.

Key Points: 
  • Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar.
  • As of September 30, 2021, Magnit operated 45 distribution centers and 25,315 stores in 3,840 cities and towns throughout 7 federal regions of the Russian Federation.
  • Magnit's local shares are traded on the Moscow Exchange (MOEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor's of BB.
  • Magnit does not undertake any obligation to update or revise any forward-looking statement to reflect any change in circumstances.