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Magnit PAO (MGNT.MM)

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Latest Key Developments (Source: Significant Developments)

Russia's Magnit sees revenue rising 9-13 pct in 2017
Friday, 27 Jan 2017 07:56am EST 

Magnit says: Plans to increase revenue by 9-13 percent in 2017. .Plans to open 1,700 convenience stores in 2017 as well as at least 15 hypermarkets, not less than 25 Magnit Family stores and 1,000 drogerie shops..  Full Article

Russia's Magnit says Q4 net profit down 15 pct yr/yr
Friday, 27 Jan 2017 01:59am EST 

Magnit says: Q4 net income at 13.4 billion roubles ($221.83 million), down 14.98 percent year on year; . Q4 EBITDA at 27.5 billion roubles, down 4.73 percent year on year; . Q4 EBITDA margin at 9.66 percent vs 11.09 pct in Q4 2015; .2016 net income at 54.4 billion roubles, down 7.96 percent on 2015; EBITDA margin at 10.02 pct vs 10.94 pct in FY 2015..  Full Article

Russia's Magnit says 2016 sales up 12.81 pct y/y
Tuesday, 10 Jan 2017 02:09am EST 

Magnit : Russian retailer Magnit says December sales up 6.91 percent year/year; . Magnit says Q4 like-for-like sales down 1.3 percent year/year; . Magnit says full year 2016 sales up 12.81 percent year/year. Further company coverage: [MGNT.MM] (Reporting by Moscow Newsroom) ((christian.lowe@thomsonreuters.com)).  Full Article

Russia's Magnit says October sales up 10.45 pct yr/yr
Wednesday, 9 Nov 2016 01:32am EST 

Magnit says: October sales up 10.45 percent year-on-year to 87.3 billion roubles ($1.36 billion); . Opened 133 stores in October. Further company coverage: [MGNT.MM] ($1 = 64.1623 roubles) (Reporting by Moscow Newsroom) ((maria.kiselyova@thomsonreuters.com)).  Full Article

Russia's Magnit says Q3 like-for-like sales up 1.23 pct y/y
Tuesday, 11 Oct 2016 02:45am EDT 

Magnit says: Q3 like-for-like sales up 1.23 percent year-on-year with traffic up 2.24 percent and average ticket down 0.98 percent; . Q3 net retail sales up 13.76 percent year-on-year to 267.3 billion roubles ($4.30 billion); . September net retail sales up 13.68 percent year-on-year to 84.2 billion roubles; .Opened 123 stores in September..  Full Article

Russia's Magnit says July sales rise 13.77 pct yr/yr
Tuesday, 9 Aug 2016 03:15am EDT 

Magnit : Russian retailer Magnit said on Tuesday its net retail sales had risen by 13.77 percent year-on-year in July to 92.9 billion roubles ($1.44 billion). . Magnit said it had opened 133 stores last month. Further company coverage: [MGNT.MM] [MGNTq.L] ($1 = 64.7200 roubles) (Moscow newsroom) ((maria.tsvetkova@thomsonreuters.com; +7 495 775 1242)) Keywords: RUSSIA MAGNIT/SALES (URGENT).  Full Article

Russia's Magnit recommends dividend of 84.60 roubles/shr for H1
Tuesday, 2 Aug 2016 02:51am EDT 

Magnit says: The board of directors has recommended paying a dividend of 84.60 roubles ($1.26) per share on first half 2016 results. . Total payout seen at 8 billion roubles. . Shareholders of record on the company's books as of Sept. 23, 2016, are entitled to the interim dividend. Further company coverage: [MGNT.MM] ($1 = 66.9278 roubles) (Reporting by Moscow Newsroom) ((moscow.newsroom@thomsonreuters.com)).  Full Article

Russia's Magnit says Q2 net profit up 13 pct y/y
Monday, 25 Jul 2016 02:47am EDT 

Magnit says: Q2 net income at 17.86 billion roubles ($275.6 million), up 13.14 percent year-on-year; . Q2 EBITDA at 31.81 billion roubles, up 12.67 percent year-on-year; . Q2 EBITDA margin at 11.95 percent vs 11.96 percent in Q2 2015. .Q2 net sales at 266.22 billion roubles, up 12.78 percent year-on-year..  Full Article

Russia's Magnit approves bond issue program for RUB 50 bln
Thursday, 23 Jun 2016 02:35am EDT 

Magnit : Says board approves bond issue program for up to 50 billion roubles ($776.88 million) or equivalent in other currencies .The maturity period of the bonds is up to five years.  Full Article

Russia's Magnit says sales growth slows to 9.6 pct in May
Thursday, 9 Jun 2016 02:48am EDT 

Magnit says: Retail sales grew by 9.59 percent year-on-year in May to 87.7 billion roubles ($1.4 billion); . During May, the company opened (net) 210 stores; .Preliminary consolidated unaudited net retail revenue (excl. VAT) in January-May increased by 14.70 percent year-on-year to 430.3 billion roubles..  Full Article

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UPDATE 1-Russia's Magnit denies report it may buy Agrokor retail units

LJUBLJANA, March 20 Russia's largest retailer Magnit denied on Monday that it planned to buy retail units from indebted Croatian food group Agrokor, after the Slovenian daily paper Finance reported its interest.