Magnet plans to open 2,000 pharmacies and 2,000 ultra-small retail stores - www.retail.ru

February 8, 2019, 09:17 View 9351

In 2019, "Magnit" expects sales growth from comparable stores and expects to maintain profitability at the current level, according to Vedomosti, referring to the general manager of the Olga Naumova chain.

In 2018, the revenue of the second largest Russian retailer, Magnit, increased by 8.2% to 201 trillion in 2018. Nevertheless, sales of the leader – X5 Retail Group (Pyaterochka, Perekrestok and Karusel networks) are still growing faster: in a year – by 18.5% to 1.53 trillion rubles. The difference in turnover growth between competitors doubled: in 2017, the X5 came first with 13% and in 2018 with 27.5%.

Magnit's net profit for 2018 declined by 4.9% to 33.8 billion rubles. The annual EBITDA fell by 2% to 89.8 billion rubles, profitability fell from 8 to 7.3%.

Nevertheless, analysts are optimistic and point to the factors of positive dynamics in the development of the network. In the fourth quarter of 2018, Magnit's turnover grew by 9.7% to RUB 332 billion. Revenue at comparable stores eventually came in plus a 2% decline in the third quarter – they grew by 0.6% in October-December. This is the first quarter in two years, in which the comparable turnover has not decreased.

Naumova also noted that the network will continue to grow in 2019. In particular, the Magnit network grew by 2,059 points in 2018. "Magnit" will also open approximately 2,000 pharmacies and 2,000 "ultra-small" formats as part of a partnership with the Post of Russia and update approximately 2,000 stores.

It was previously reported that the board of directors of "Magnit" could enter the general director of "Children & # 39; s World".

In addition, "Magnet" recently accused the pharmacy of plagiarism.

Retail.ru

The article refers to the topics: Research and valuations, opening and closing stores
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Source: Vedomosti
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