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Russian retailer Magnit
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Russian Retailer Magnit Booked a 71.62% Increase in Full-Year EBITDA Today
Jan 23, 2013Russian retailer Magnit booked a 71.62% increase in full-year EBITDA today (22 January), driven by improved margins and higher sales. The company said that EBITDA rose from RUB27.6bn (US$939.3m) in 2011 to RUB47.37bn in 2012. In 2012, the ...
Tags: Magnit, margins, higher sales, EBITDA
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Magnit Has Reported Full-Year Sales up by More Than a Third
Jan 11, 2013Russian retailer Magnit has reported full-year sales up by more than a third, after opening nearly 1,600 stores during the period. For the 12 months to the end of December, Magnit reported preliminary consolidated net sales up by 34% ...
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Magnit Saw Its Underlying Sales Accelerate in The Third Quarter of The Year
Dec 12, 2012Russian retailer Magnit saw its underlying sales accelerate in the third quarter of the year. Magnit reported a 7.1% increase in like-for-like sales for the three months to the end of September. Traffic and the average ticket were both ...
Tags: Russian retailer Magnit, underlying sales, third quarter
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Store Openings Have Driven First-Half Revenue Growth at Russian Retailer Magnit
Dec 12, 2012Store openings have driven first-half revenue growth at Russian retailer Magnit. The firm said today (10 July) total sales increased by 32.5% in the first six months of the year. Gains were primarily driven by D, with 413 new stores ...
Tags: first-half revenue growth, Russian retailer Magnit, space expansion
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Magnit Has Booked an Increase in Profit in The First Nine Months of The Year
Dec 11, 2012Russian retailer Magnit has booked an increase in profit in the first nine months of the year, boosted by a high pace of new store openings and a focus on low prices. In the nine months to the end of September, net income soared 140.6% to ...