PJSC `Magnit` Announces Unaudited 3Q 2018 Results
(World News Russia)

Press Release | Krasnodar | October 22, 2018 PJSC "Magnit" Announces Unaudited 3Q 2018 Results Krasnodar, Russia (22 October, 2018): Magnit PJSC (MOEX and LSE: MGNT), one ofRussia`s leading retailers announces its unaudited 3Q 2018 results prepared in accordance with IFRS1. Revenue increased by 8.4% from 286 billion RUB in 3Q 2017 to 310 billion RUR in 3Q 2018 on the back of significant LFL sales recovery to -2.0% compared to -5.2% in the previous quarter. The change of the LFL sales trend dynamics across all formats is the result of the improved CVP achieved through the new developments of the category management and promo activity. The best performance wasdemonstrated by...