Krasnodar, Russia (March 23, 2018): Magnit PJSC, one of Russia’s leading retailers (MOEX and LSE: MGNT) announces its audited FY 2017 results prepared in accordance with IFRS.

During 2017 Magnit added (net) 2,291 stores. The total store base as of December 31, 2017 reached 16,350 stores (12,125 convenience stores, 243 hypermarkets, 208 “Magnit Family” stores and 3,774 drogerie stores). Selling space increased by 13.56% in comparison to 2016 from 5.07 million sq. m. to 5.75 million sq. m.

Revenue increased by 6.37% from 1,074.81 billion RUR in 2016 to 1,143.31 billion RUR in 2017.

Gross Profit increased from 295.76 billion RUR in 2016 to 304.64 billion RUR in 2017. Gross Margin in 2017 was 26.65%.

EBITDA in 2017 was 91.78 billion RUR. EBITDA margin in 2017 was 8.03%.

Net Income in 2017 was 35.54 billion RUR. Net Income Margin in 2017 was 3.11%.

According to Rosstat, CPI for the last 12M (January — December 2017) was 2.5% compared to 5.4% for the same period in the previous year.

According to Rosstat, food inflation for the last 12M (January — December 2017) was 1.1% Y-o-Y vs 4.6% for the same period in the previous year.

Key figures presented in this press release immaterially differ from the numbers under management accounts announced by Magnit on January 26, 2018.

Magnit announces audited FY 2017 results