“Magnet” increased revenue for the nine months by 14%

Proceeds of the largest Russian retailer “Magnit” for the first three quarters of 2016 increased by 14.24% compared to the same period last year to 786,74 billion rubles, the materials of the company.

In September 2016, the company’s revenue increased by 13.68% compared to September 2015, up to 84,23 billion RUB compared to the August rate of sales growth slowed marginally by 0.15 PPT

The revenue of the retailer is growing at the lower boundary of the forecast: in July, the basic owner “the Magnet” Sergey Galitsky forecasted growth of 14-16% at the end of the year.

The greatest revenue growth in September came in the store “Magnet Cosmetics” format drogerie (cosmetics and household chemistry) — 52,06%, to 5.5 billion rubles. worst of all was the growth of sales in hypermarkets is less than 1%, to 11.8 billion rubles.

“Magnit” is the leader among Russian grocery retailers by revenue and number of stores. On September 30, 2016, he had 10,138 thousand shops in a format “at home”, 228 hypermarkets, 179 points “Magnit Family” stores and 2819 drogerie. For comparison, X5 Retail Group (“Perekrestok”, “Pyaterochka”, “Karusel”, “Express”) in the first half of 2016 was 7,936 thousand shops.

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