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Provider: Reuters Investment Profile
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Provider: Reuters Investment Profile
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Provider: Investcafe
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Magnit OAO revises FY 2014 sales growth outlook-Reuters


Monday, 27 Jan 2014 04:47am EST 

Magnit OAO:Magnit cut its full-year 2014 sales growth guidance, citing a lower inflation outlook-Reuters.The company can adjust its guidance to 22-24 percent, closer to the upper end (of the range), Chief Executive Officer Sergei Galitskiy told at a conference call.The company earlier forecast sales growth of around 25 percent for the fiscal year 2014.Galitskiy confirmed an earlier forecast for a margin on the basis on earnings before interest, taxes, depreciation and amortization (EBITDA) of 10.5 percent. 

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