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    MGNT   RU000A0JKQU8

PUBLIC JOINT STOCK COMPANY MAGNIT

(MGNT)
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Magnit starts implementing a single Transportation Management System

06/17/2021 | 03:02am EDT
MAGNIT PJSC (MGNT) 
Magnit starts implementing a single Transportation Management System 
17-Jun-2021 / 10:00 MSK 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
 
 
MAGNIT STARTS IMPLEMENTING A SINGLE TRANSPORTATION MANAGEMENT SYSTEM 
Krasnodar, June 17, 2021: Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, has 
started implementation of SAP Transportation Management - a single transportation management system powered by SAP S/ 
4HANA. By using the system, the Company plans to reduce transportation costs, increase the transparency of supply 
chains and optimize the turnover of its own transport. 
Implementation of the IT system powered by SAP Transportation Management is one of the key stages of the large program 
of Magnit's digital transformation. The key goal of the project is to meet the needs of the business for managing the 
full cycle of transportation and improving the level of transport logistics service. LeverX was selected as a partner 
for this implementation. 
A single system will replace more than ten different uncoordinated IT systems. It will cover all the Company's business 
processes related to logistics. The system will let Magnit improve the quality and speed of processes and minimize 
transport downtime. In addition to that, a single-window solution will be introduced in the system to enable 
interaction with hired carriers in a real-time mode. 
« 
 
Fedor Pavlovsky 
 
 
                 "We are happy to launch one of the largest SAP Transportation Management implementation projects in 
Logistics        the world. For many years, we have been using our own Legacy systems, and now our primary task is to 
Director of      transfer all processes to the target system. We hope to achieve all our goals, including the cost 
Magnit Retail    optimization of IT systems maintenance. We plan to share the first results of our project by the end 
Chain            of the year." 
» 
« 
 
Andrey 
Goryainov 
               "The SAP Transportation Management implementation project in Magnit is one of the largest in the world 
               of retail. The system will enable the Company to provide the necessary support for business growth and 
Deputy Chief   open up new opportunities for scaling. It is important to note that as part of the quality management, 
Executive      the team of experts of SAP Services CIS conducted a quality assurance check of the project, assessing 
Officer of SAP the functional and technical risks. This will ensure the best implementation efficiency, help in 
CIS            reaching maximum return on investment and in using all the features of the solution's native 
               functionality." 
» 
« 
 
Vladimir 
Karely 
 
Consulting    "For many years, the LeverX Group team has been implementing SAP Transportation Management for its 
Director of   customers, and today we possess a unique expertise in this area. Using the best practices and the latest 
LeverX        approaches, our specialists will ensure a high-quality transfer of Magnit's business processes to the new 
              system." 
» 
              For further information, please contact: 
 
              Dina Chistyak 
              Director for Investor Relations 
              dina_chistyak@magnit.ru 
 
              Office: +7 (861) 210 9810 x 15101 
 
              Media Inquiries                    Twitter 
              press@magnit.ru                    @MagnitIR 
 
              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 March 31, 2021, Magnit operated 39 
              distribution centers and 21,900 stores (15,098 convenience, 471 supermarkets and 6,331 drogerie stores) 
              in 3,770 cities and towns throughout 7 federal regions of the Russian Federation. 
              In accordance with the audited IFRS 16 results for FY 2020, Magnit had revenues of RUB 1,553.8 billion 
              and an EBITDA of RUB 178.2 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 or may contain forward-looking statements that may or may not prove accurate. For 
              example, statements regarding expected sales growth rate and/or 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.:   111761 
EQS News ID:    1208933 
 
End of Announcement  EQS News Service 
=------------------------------------------------------------------------------------
 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1208933&application_name=news 
 

(END) Dow Jones Newswires

June 17, 2021 03:01 ET (07:01 GMT)

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Financials (USD)
Sales 2021 22 825 M - -
Net income 2021 584 M - -
Net Debt 2021 7 299 M - -
P/E ratio 2021 12,6x
Yield 2021 9,76%
Capitalization 6 886 M 6 886 M -
EV / Sales 2021 0,62x
EV / Sales 2022 0,60x
Nbr of Employees 308 432
Free-Float 50,2%
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Mean consensus BUY
Number of Analysts 13
Last Close Price 70,51 $
Average target price 90,31 $
Spread / Average Target 28,1%
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Managers and Directors
Jan Gezinus Dunning President, CEO, Director & Commercial Director
Dmitry Ivanov Chief Financial Officer & Director-Controller
Charles Emmitt Ryan Chairman
Andrey Bodrov Chief Investment Officer
Timothy Demchenko Non-Executive Director
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