MAGNIT PJSC: Unaudited 9M 2017 Financial Results
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|
3Q 2017 |
3Q 2016 |
Y-o-Y, % |
9M 2017 |
9M 2016 |
Y-o-Y, % |
||||
New Store Openings (NET) |
853 |
476 |
n/a |
1,638 |
1,275 |
n/a |
||||
Convenience stores |
629 |
236 |
n/a |
1,222 |
544 |
n/a |
||||
Hypermarkets |
(4) |
0 |
n/a |
(1) |
9 |
n/a |
||||
Magnit Family |
6 |
9 |
n/a |
2 |
24 |
n/a |
||||
Drogerie Stores |
222 |
231 |
n/a |
415 |
698 |
n/a |
||||
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|
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|
|
|
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Number of Stores (EOP) |
15,697 |
13,364 |
n/a |
15,697 |
13,364 |
n/a |
||||
Convenience stores |
11,743 |
10,138 |
n/a |
11,743 |
10,138 |
n/a |
||||
Hypermarkets |
236 |
228 |
n/a |
236 |
228 |
n/a |
||||
Magnit Family |
196 |
179 |
n/a |
196 |
179 |
n/a |
||||
Drogerie Stores |
3,522 |
2,819 |
n/a |
3,522 |
2,819 |
n/a |
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New Selling Space, th. sq. m. |
242.87 |
148.19 |
n/a |
494.80 |
411.67 |
n/a |
||||
Convenience stores |
189.77 |
83.67 |
n/a |
388.92 |
200.24 |
n/a |
||||
Hypermarkets |
(4.71) |
(1.14) |
n/a |
2.68 |
20.23 |
n/a |
||||
Magnit Family |
6.88 |
9.26 |
n/a |
3.04 |
26.13 |
n/a |
||||
Drogerie Stores |
50.93 |
56.39 |
n/a |
100.17 |
165.07 |
n/a |
||||
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|
|
|
|
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|
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Total Selling Space (EOP), th. sq. m. |
5,562.48 |
4,825.39 |
15.28% |
5,562.48 |
4,825.39 |
15.28% |
||||
Convenience stores |
3,841.32 |
3,319.80 |
15.71% |
3,841.32 |
3,319.80 |
15.71% |
||||
Hypermarkets |
686.35 |
659.37 |
4.09% |
686.35 |
659.37 |
4.09% |
||||
Magnit Family |
215.80 |
196.31 |
9.93% |
215.80 |
196.31 |
9.93% |
||||
Drogerie Stores |
819.01 |
649.91 |
26.02% |
819.01 |
649.91 |
26.02% |
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Number of Customers, million |
1,044.36 |
985.87 |
5.93% |
2,988.50 |
2,850.44 |
4.84% |
||||
Convenience stores |
882.10 |
831.52 |
6.08% |
2,517.88 |
2,410.80 |
4.44% |
||||
Hypermarkets |
62.66 |
65.78 |
(4.74%) |
185.28 |
198.05 |
(6.45%) |
||||
Magnit Family |
34.28 |
33.02 |
3.82% |
99.16 |
94.40 |
5.04% |
||||
Drogerie Stores |
65.32 |
55.55 |
17.58% |
186.18 |
147.19 |
26.48% |
||||
LFL Results
Formats |
3Q 2017 - 3Q 2016[4] |
|||
# of Stores |
Average Ticket |
Traffic |
Sales |
|
Convenience Stores |
8,859 |
1.22% |
(2.09)% |
(0.90)% |
Hypermarkets |
221 |
(2.42)% |
(6.76)% |
(9.01)% |
Magnit Family |
159 |
(0.75)% |
(5.69)% |
(6.39)% |
Drogerie |
2,588 |
0.89% |
(2.04)% |
(1.17)% |
Total |
11,827 |
0.06% |
(2.56)% |
(2.50)% |
Formats |
9M 2017 - 9M 20164 |
|||
# of Stores |
Average Ticket |
Traffic |
Sales |
|
Convenience Stores |
7,920 |
2.34% |
(2.86)% |
(0.59)% |
Hypermarkets |
221 |
(1.96)% |
(9.65)% |
(11.42)% |
Magnit Family |
158 |
(1.27)% |
(7.97)% |
(9.14)% |
Drogerie |
2,515 |
0.81% |
0.27% |
1.08% |
Total |
10,814 |
0.51% |
(3.46)% |
(2.97)% |
3Q[5] and 9M 20175 Key Financial Results, million RUR
|
3Q 2017 |
3Q 2016 |
Growth Rate |
9M 2017 |
9M 2016 |
Growth Rate |
Net Sales |
285,960.60 |
268,609.30 |
6.46% |
840,985.43 |
790,136.88 |
6.44% |
Convenience stores |
211,976.66 |
197,689.55 |
7.23% |
623,793.47 |
582,716.99 |
7.05% |
Hypermarkets |
35,844.78 |
38,338.25 |
(6.50)% |
107,582.05 |
117,294.28 |
(8.28)% |
Magnit Family |
14,860.96 |
14,255.56 |
4.25% |
43,588.10 |
41,748.97 |
4.41% |
Drogerie Stores |
19,995.58 |
16,998.98 |
17.63% |
56,955.61 |
44,980.90 |
26.62% |
Wholesale |
3,282.61 |
1,326.96 |
147.38% |
9,066.21 |
3,395.74 |
166.99% |
Gross Profit |
75,325.99 |
75,368.16 |
(0.06%) |
227,872.48 |
217,431.15 |
4.80% |
Gross Margin, % |
26.34% |
28.06% |
n/a |
27.10% |
27.52% |
n/a |
EBITDAR |
32,586.94 |
38,479.48 |
(15.31%) |
103,103.93 |
108,441.45 |
(4.92%) |
EBITDAR Margin, % |
11.40% |
14.33% |
n/a |
12.26% |
13.72% |
n/a |
EBITDA |
20,660.87 |
28,654.01 |
(27.90%) |
69,450.80 |
80,253.85 |
(13.46%) |
EBITDA Margin, % |
7.23% |
10.67% |
n/a |
8.26% |
10.16% |
n/a |
EBIT |
12,212.80 |
21,830.05 |
(44.06%) |
44,555.12 |
61,328.52 |
(27.35%) |
EBIT Margin, % |
4.27% |
8.13% |
n/a |
5.30% |
7.76% |
n/a |
Net Income |
6,923.15 |
14,816.36 |
(53.27%) |
27,671.59 |
40,923.61 |
(32.38%) |
Net Income Margin, % |
2.42% |
5.52% |
n/a |
3.29% |
5.18% |
n/a |
3Q and 9M 2017 Key Financial Results, USD million[6]
|
3Q 2017 |
3Q 2016 |
Growth Rate |
9M 2017 |
9M 2016 |
Growth Rate |
Net sales |
4,845.19 |
4,156.46 |
16.57% |
14,416.63 |
11,557.33 |
24.74% |
Convenience stores |
3,591.64 |
3,059.05 |
17.41% |
10,693.41 |
8,523.40 |
25.46% |
Hypermarkets |
607.34 |
593.25 |
2.38% |
1,844.23 |
1,715.66 |
7.49% |
Magnit Family |
251.80 |
220.59 |
14.15% |
747.21 |
610.66 |
22.36% |
Drogerie Stores |
338.80 |
263.04 |
28.80% |
976.36 |
657.94 |
48.40% |
Wholesale |
55.62 |
20.53 |
170.87% |
155.42 |
49.67 |
212.90% |
Gross Profit |
1,276.29 |
1,166.25 |
9.44% |
3,906.31 |
3,180.37 |
22.83% |
Gross Margin, % |
26.34% |
28.06% |
n/a |
27.10% |
27.52% |
n/a |
EBITDAR |
552.14 |
595.43 |
(7.27%) |
1,767.46 |
1,586.17 |
11.43% |
EBITDAR Margin, % |
11.40% |
14.33% |
n/a |
12.26% |
13.72% |
n/a |
EBITDA |
350.07 |
443.39 |
(21.05%) |
1,190.56 |
1,173.87 |
1.42% |
EBITDA Margin, % |
7.23% |
10.67% |
n/a |
8.26% |
10.16% |
n/a |
EBIT |
206.93 |
337.80 |
(38.74)% |
763.79 |
897.05 |
(14.86)% |
EBIT Margin, % |
4.27% |
8.13% |
n/a |
5.30% |
7.76% |
n/a |
Net Income |
117.30 |
229.27 |
(48.84)% |
474.36 |
598.59 |
(20.75)% |
Net Income Margin, % |
2.42% |
5.52% |
n/a |
3.29% |
5.18% |
n/a |
Notes:
1) Net revenue in USD terms is calculated using the average exchange rate for the period.
2) This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation which came into effect on 3 July 2016.
3) Please note that there may be small variations in calculation of totals, subtotals and/ or percentage change due to rounding of decimals.
For further information, please contact:
Timothy Post |
Head of Investor Relations Email: post@magnit.ru Office: +7-861-277-4554 x 17600
|
Dina Svishcheva |
Deputy Director, Investor Relations Email: Chistyak@magnit.ru Office: +7-861-277-4554 x 15101
|
Media Inquiries |
Media Relations Department |
Company description:
Public Joint Stock Company "Magnit" is one of Russia's leading retailers. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of September 30, 2017, Magnit operated 36 distribution centers and 15,697 stores (11,743 convenience, 432 hypermarkets and 3,522 drogerie stores) in 2,664 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the reviewed IFRS consolidated financial statements for 1H 2017, Magnit had revenues of RUB 555 billion and an EBITDA of RUB 49 billion. 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+. Measured by market capitalization, Magnit is one of the largest retailers in Europe.
[1] Based on management accounts
[2] Excluding wholesale
[3] Based on the average exchange rate for July 2017 - 59.6707 RUB per 1 USD, August 2017 - 59.6497 RUB per 1 USD, September 2017 - 57.6953 RUB per 1 USD
[4] LFL calculation base includes stores (all formats), which have been opened 12 months prior to the last month of the reporting period. i.e. by September 1, 2016.
[5] Unaudited Results
[6] Based on the average exchange rate for 3Q 2017 - 59.0195 RUB per 1 USD, 3Q 2016 - 64.6245 RUB per 1 USD, 9M 2017 - 58.3344 RUB per 1 USD, 9M 2016 - 68.3667 RUB per 1 USD
ISIN: | US55953Q2021 |
Category Code: | MSCU |
TIDM: | MGNT |
LEI Code: | 2534009KKPTVL99W2Y12 |
OAM Categories: | 2.2. Inside information |
Sequence No.: | 4765 |
End of Announcement | EQS News Service |