Magnit

Growth And Expansion Driving Russian Retail Market: Analysis

As one of Europe's largest retail markets, competition is high in Russia, and while the sector remains highly fragmented, with 'mom and pop' stores do...

Russia's Magnit Posts 6% Sales Increase In 2017

Russian retailer Magnit recorded a strong performance in 2017, with sales increasing 6.37% to RUB 1,143.29 billion. Gross profit increased to RUB 304.71...

Russia's Magnit Sees 6.4% Increase In Revenue In First Half

Russian retailer Magnit has posted a 6.4% increase in revenue in the first half of its financial year, to RUR 555 billion (€7.96 billion). This is...

Russia's Magnit Announces 4.6% Increase In Revenue In First Quarter

Russian retailer Magnit has posted a 4.6% increase in revenue in the first quarter of the year, to RUR 266.98 billion (2016: RUR 255.30 billion). The re...

Russia's Magnit Announces 13% Revenue Increase In Audited FY Results

Russian retailer Magnit has posted its audited full year results for 2016, in which the retailer posted a 13.07% increase in revenue to RUR 1.07 trillion f...

Magnit Rejects Claims It Is Looking to Acquire Agrokor’s Retail Operations

Russian retailer Magnit has denied press reports its plans to buy Agrokor’s retail operations in the Balkans, Reuters reports. Slovenian daily Fin...

Russia's Magnit Announces 13% Increase In Revenue To Over 1Tr Rubles

Russian retailer Magnit has posted a 13% increase in revenue in full year 2016, to 1.07 trillion Rubles (about €20 billion). The group posted gross...

Russia’s Magnit Sees Revenue Rise 14.4% In First Nine Months Of Year

Russian retail group Magnit has seen its revenue for the first nine months of the year increase 14.4% year-on-year, to stand at 790 billion roubles. The...