Magnit PAO (MGNT.MM) Key Developments |
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Magnit OAO raises FY 2014 guidance-Reuters

Wednesday, 23 Jul 2014 06:25am EDT 

Magnit OAO:Magnit expects sales to grow 26-29 percent in 2014, its chief executive Sergei Galitsky said, revising his previous forecast which implied growth in a 22-24 percent range-Reuters.Magnit also lifted its forecast for 2014 margin on the basis of earnings before interest, taxation, depreciation and amortisation (EBITDA) to 10.6-10.9 percent from 10.5 percent earlier, Galitsky said on a conference call. 

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