Krasnodar, Russia (April 20, 2018): Magnit PJSC, one of Russia’s leading retailers (MOEX and LSE: MGNT) announces its unaudited 1Q 2018 results prepared in accordance with IFRS¹.

During 1Q 2018 Magnit added (net) 275 stores. The total store base as of March 31, 2018 reached 16,625 stores (12,283 convenience stores, 242 hypermarkets, 210 “Magnit Family” stores and 3,890 drogerie stores). Selling space increased by 13.24% in comparison to 1Q 2017 from 5.15 million sq. m. to 5.83 million sq. m.

Revenue increased by 8.08% from 266.98 billion RUR in 1Q 2017 to 288.56 billion RUR in 1Q 2018.

Gross Profit increased from 69.82 billion RUR in 1Q 2017 to 71.90 billion RUR in 1Q 2018. Gross Margin in 1Q 2018 was 24.92%.

EBITDA in 1Q 2018 was 20.50 billion RUR. EBITDA margin in 1Q 2018 was 7.10%. Net Income in 1Q 2018 was 7.41 billion RUR. Net Income Margin in 1Q 2018 was 2.57%.

According to Rosstat, CPI for the last 12M (April 2017 — March 2018) was 2.4% compared to 4.3% for the same period in the previous year.

According to Rosstat, food inflation for the last 12M (April 2017 — March 2018) was 1.3% Y-o-Y vs 3.5% for the same period in the previous year.

Magnit Announces Unaudited 1Q 2018 Results