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Magnit signs agreements at SPIEF 2019 Forum

Magnit has signed a number of agreements at the SPIEF 2019 Forum, the retailer informed.

In particular, the retail network has signed cooperation agreements with leading IT companies. Magnit and Rostelecom will establish a partnership focusing on the development of various forms of communications. In particular, the partner will look into the possibility of providing buyers with free Wi-Fi access and implementing solutions such as video analytics.

Besides, Magnit and Microsoft signed an agreement on the comprehensive retail chain digitalization nased on advanced technologies.

The strategic partnership between Magnit and 1C should substantially accelerate the implementation of new services for customers, automate equipment maintenance, ensure stability and high quality of real-time processing of large data volumes.

PJSC Magnit (tax number: 2309085638) is the Krasnodar-based holding company for a group of entities engaged in the retail trade through the same-name retail chain.

IFRS net profit of PJSC Magnit for Q1 2019 decreased by 52.2% to RUB 3.543 billion from RUB 7.409 billion a year earlier. Revenue grew by 10.1% to RUB 318.984 billion from RUB 289.69 billion, EBITDA totaled RUB 19.143 billion against RUB 20.48 billion (-6.5%).

The company opened 875 stores net (482 corner stores, 393 drogerie stores) against 277 stores (158 corner stores, 1 supermarket and 118 drogerie stores) a year earlier. The higher number of stores opened year-on-year results from a change in the schedule of openings in the course of the year. The total number of stores reached 19,223 outlets at the end of Q1 2019. In January-March 2019, the company redesigned 518 corner stores and 182 drogerie stores (against 150 corner stores and 10 drogerie stores a year earlier).

"AK&M", 11.06.2019 16:19


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