MAGNIT PJSC : Magnit Launches Own Delivery from its Hypermarkets

 
 MAGNIT PJSC (MGNT) 
MAGNIT PJSC: Magnit Launches Own Delivery from its Hypermarkets 
 
30-Nov-2020 / 10:00 MSK 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
Press-release | Krasnodar | November 30, 2020. 
 
                          Magnit Launches Own Delivery from its Hypermarkets 
 
Krasnodar, Russia (November 30, 2020): Magnit PJSC (MOEX and LSE: MGNT; the 
Company), one of Russia's leading retailers, launches its own delivery 
service from hypermarkets. 
 
  The Company is expanding the pilot of its own delivery service, adding new 
      locations and store formats. The service can now deliver products from 
         hypermarkets in Krasnodar. Orders are delivered within three hours; 
                           customers can also reserve a later delivery time. 
 
          Magnit began piloting of delivery from big boxes in its home city, 
Krasnodar. Customers can order 25,000 SKUs from goods categories allowed for 
      sale online: fruits, vegetables, meat and dairy, dry foods, juices and 
                    water, tea, coffee, detergents, care products and other. 
 
Magnit Dostavka [Magnit Delivery] app and dostavka.magnit.ru [1] website 
offer flexible terms with convenient delivery hours. The service allows 
customers to receive their orders within three hours or book delivery on a 
certain time in the next two days. The cost of delivery ranges from 0 to 199 
rubles depending on the order amount. Customers can pay for their purchases 
in a way that is more convenient for them, either online or upon delivery, 
and take advantage of the "partial purchase" option that allows them to not 
buy the products they don't need anymore. The prices and discounts offered 
through the online service are on par with what the Company has in its 
brick-and-mortar stores. Shortly, Magnit plans to connect its e-commerce 
platform to the single loyalty program allowing accrual and redemption of 
bonuses for online purchases. 
 
      The project was launched in cooperation with Yandex.Eda. Delivery from 
  hypermarkets represents a new but very promising area for both partners as 
covers stock-up shopping mission with high tickets. The Krasnodar pilot will 
        enable Magnit and Yandex.Eda to quickly establish proper operational 
 procedures to allow rolling out the service in other regions in the nearest 
      future. Previously, Magnit launched its own express service to deliver 
   products from convenience stores in Moscow, available to residents of all 
districts within MKAD. The Company is also developing its own service in the 
           non-food segment and continues to pilot its e-pharmacy in Moscow. 
 
 "We're expanding our omnichannel services to cover all customer missions in 
 e-commerce, be it a quick top-up with everyday items or a large stock-up in 
  the case of delivery from hypermarkets. Our goal is to create an ecosystem 
of digital services that would allow customers to satisfy the maximum number 
      of their needs within Magnit's perimeter," - commented Florian Jansen, 
                                  Deputy CEO - Executive Director at Magnit. 
 
For further information, please contact: 
 
Dmitry Kovalenko 
 
Director for Investor Relations 
 
Email: [e-mail] 
 
Office: [phone] 
 
Dina Chistyak 
 
Director for Investor Relations 
 
Email: [e-mail] 
 
Office: [phone] x 15101 
 
Media Inquiries 
 
Media Relations Department 
 
Email: [e-mail] 
 
Note to editors: 
 
   Public Joint Stock Company "Magnit" is one of Russia's leading retailers. 
  Founded in 1994, the company is headquartered in the southern Russian city 
     of Krasnodar. As of September 30, 2020, Magnit operated 38 distribution 
   centres and 21,154 stores (14,699 convenience, 469 supermarkets and 5,986 
  drogerie stores) in 3,819 cities and towns throughout 7 federal regions of 
                                                     the Russian Federation. 
 
 In accordance with the unaudited IFRS 16 management accounts results for 1H 
    2020, Magnit had revenues of RUB 763.4 billion and an EBITDA of RUB 86.9 
     billion. Magnit's local shares are traded on the Moscow Exchange (MOEX: 
    MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a 
                                 credit rating from Standard & Poor's of BB. 
 
Forward-looking statements: 
 
 This document contains forward-looking statements that may or may not prove 
  accurate. For example, statements regarding expected sales growth rate and 
   store openings are forward-looking statements. Forward-looking statements 
  involve known and unknown risks, uncertainties and other important factors 
 that could cause actual results to differ materially from what is expressed 
     or implied by the statements. Any forward-looking statement is based on 
information available to Magnit as of the date of the statement. All written 
  or oral forward-looking statements attributable to Magnit are qualified by 
  this caution. Magnit does not undertake any obligation to update or revise 
       any forward-looking statement to reflect any change in circumstances. 
 
ISIN:           US55953Q2021 
Category Code:  MSCU 
TIDM:           MGNT 
LEI Code:       2534009KKPTVL99W2Y12 
OAM Categories: 3.1. Additional regulated information required to be 
                disclosed under the laws of a Member State 
Sequence No.:   88698 
EQS News ID:    1151352 
 
End of Announcement EQS News Service 
 
 
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November 30, 2020 02:00 ET (07:00 GMT)