Magnit presented its FY 2015 results on January 27, 2016. It operates the largest food retail chain in Russia with over 12,000 stores across 7 regions. In FY 2015, Magnit reported revenue growth of 24.5% to RUB 951 billion and net income growth of 10.9% to RUB 65-70 billion. Magnit's store base grew by over 900 stores in FY 2015 across its main formats of convenience stores, hypermarkets, Magnit Family stores, and drogerie stores. Magnit aims to continue its growth strategy in FY 2016 targeting revenue growth of 6-7% and capex of RUB 65-70 billion.
1) Magnit is the largest food retailer in Russia by revenue and number of stores, operating over 8,000 stores across 1,868 cities and towns.
2) In FY2013, Magnit achieved revenue of 579.7 billion RUR, a 29% increase over FY2012. Net income increased 42% to 36.2 billion RUR.
3) Magnit operates various store formats including convenience stores, hypermarkets, Magnit Family stores, and cosmetics stores. Convenience stores are the most common format, comprising over 7,200 stores.
Magnit presented operational results for the first half of 2016. Key metrics included:
- Revenue grew 14.7% year-over-year to 522 billion rubles.
- Net margin was 5.01% and EBITDA margin was 9.89%.
- The company operates 12,888 stores across various formats including convenience, hypermarkets, Magnit Family stores, and drogerie stores.
- Store count grew by over 500 stores in the first half of 2016.
Magnit presented its financial results for FY 2015. Key highlights included:
- Revenue grew 24.5% to RUB 951 billion driven by new store openings and like-for-like sales growth.
- EBITDA margin was 10.94% and net income increased 23.9% to RUB 59.1 billion.
- Magnit operates over 12,000 stores across Russia under various formats including convenience stores, hypermarkets, Magnit Family stores, and drogerie stores.
Magnit presented its 1H 2016 financial results on August 24, 2016. Key highlights include:
- Revenue grew 14.7% year-over-year to 522 billion rubles. EBITDA margin was 9.89% and net margin was 5.01%.
- Magnit operates 12,888 stores across 2,397 cities and towns in Russia, with a multi-format business model including convenience stores, hypermarkets, Magnit Family stores, and drogerie stores.
- The strategy focuses on organic store growth, geographic expansion, high quality assortments, and cost management initiatives to drive efficiency.
Magnit presented results for the first half of 2015, reporting revenue growth of 30.3% to RUB 454.8 billion. Net income increased 29% to RUB 25.3 billion, while EBITDA margin expanded slightly to 10.69%. Magnit operates Russia's largest retail chain with over 12,000 stores across multiple formats including convenience stores, hypermarkets, Magnit Family stores, and drogerie stores. The company plans further organic growth while maintaining leadership in the Russian grocery sector.
Magnit presented its 1Q 2016 financial results on April 25, 2016. Some key highlights:
- Revenue grew 24.5% year-over-year to 951 billion rubles.
- Net income increased 23.9% to 59 billion rubles.
- EBITDA margin was 10.94%, down from 11.25% the previous year.
- The company operates 12,434 stores across Russia under various formats including convenience stores, hypermarkets, Magnit Family stores, and drogerie stores.
Magnit presented operational results for 1Q 2016. Key highlights include:
- Revenue grew 24.5% year-over-year to 950.6 billion rubles.
- EBITDA margin was 10.94%, down from 11.25% in the prior year.
- The company operates 12,434 stores across 7 regions of Russia, utilizing a multi-format model including convenience stores, hypermarkets, Magnit Family stores, and drogerie stores.
Magnit presented its 1H 2016 financial results on August 24, 2016. Key metrics included revenue growth of 14.7% year-over-year to RUB 522 billion, EBITDA margin of 9.89%, and net income growth of 3.3% to RUB 26.1 billion. Magnit operates 12,888 stores across 2,397 cities and towns in Russia, utilizing a multi-format model including convenience stores, hypermarkets, Magnit Family stores, and drogerie stores. The presentation provided an overview of Magnit's operations, formats, logistics, employees, strategy, and financial performance for 1H 2016.
1) Magnit is the largest food retailer in Russia by revenue and number of stores, operating over 8,000 stores across 1,868 cities and towns.
2) In FY2013, Magnit achieved revenue of 579.7 billion RUR, a 29% increase over FY2012. Net income increased 42% to 36.2 billion RUR.
3) Magnit operates various store formats including convenience stores, hypermarkets, Magnit Family stores, and cosmetics stores. Convenience stores are the most common format, comprising over 7,200 stores.
Magnit presented operational results for the first half of 2016. Key metrics included:
- Revenue grew 14.7% year-over-year to 522 billion rubles.
- Net margin was 5.01% and EBITDA margin was 9.89%.
- The company operates 12,888 stores across various formats including convenience, hypermarkets, Magnit Family stores, and drogerie stores.
- Store count grew by over 500 stores in the first half of 2016.
Magnit presented its financial results for FY 2015. Key highlights included:
- Revenue grew 24.5% to RUB 951 billion driven by new store openings and like-for-like sales growth.
- EBITDA margin was 10.94% and net income increased 23.9% to RUB 59.1 billion.
- Magnit operates over 12,000 stores across Russia under various formats including convenience stores, hypermarkets, Magnit Family stores, and drogerie stores.
Magnit presented its 1H 2016 financial results on August 24, 2016. Key highlights include:
- Revenue grew 14.7% year-over-year to 522 billion rubles. EBITDA margin was 9.89% and net margin was 5.01%.
- Magnit operates 12,888 stores across 2,397 cities and towns in Russia, with a multi-format business model including convenience stores, hypermarkets, Magnit Family stores, and drogerie stores.
- The strategy focuses on organic store growth, geographic expansion, high quality assortments, and cost management initiatives to drive efficiency.
Magnit presented results for the first half of 2015, reporting revenue growth of 30.3% to RUB 454.8 billion. Net income increased 29% to RUB 25.3 billion, while EBITDA margin expanded slightly to 10.69%. Magnit operates Russia's largest retail chain with over 12,000 stores across multiple formats including convenience stores, hypermarkets, Magnit Family stores, and drogerie stores. The company plans further organic growth while maintaining leadership in the Russian grocery sector.
Magnit presented its 1Q 2016 financial results on April 25, 2016. Some key highlights:
- Revenue grew 24.5% year-over-year to 951 billion rubles.
- Net income increased 23.9% to 59 billion rubles.
- EBITDA margin was 10.94%, down from 11.25% the previous year.
- The company operates 12,434 stores across Russia under various formats including convenience stores, hypermarkets, Magnit Family stores, and drogerie stores.
Magnit presented operational results for 1Q 2016. Key highlights include:
- Revenue grew 24.5% year-over-year to 950.6 billion rubles.
- EBITDA margin was 10.94%, down from 11.25% in the prior year.
- The company operates 12,434 stores across 7 regions of Russia, utilizing a multi-format model including convenience stores, hypermarkets, Magnit Family stores, and drogerie stores.
Magnit presented its 1H 2016 financial results on August 24, 2016. Key metrics included revenue growth of 14.7% year-over-year to RUB 522 billion, EBITDA margin of 9.89%, and net income growth of 3.3% to RUB 26.1 billion. Magnit operates 12,888 stores across 2,397 cities and towns in Russia, utilizing a multi-format model including convenience stores, hypermarkets, Magnit Family stores, and drogerie stores. The presentation provided an overview of Magnit's operations, formats, logistics, employees, strategy, and financial performance for 1H 2016.
Magnit presented operational results for 1Q 2016. It operates 12,434 stores across Russia under convenience, hypermarket, Magnit Family and drogerie formats. In 1Q 2016, revenue grew 24.5% to RUB 951 billion while net income grew 23.9% to RUB 59.1 billion. Magnit aims to open 900-950 convenience stores, 80 hypermarkets and 1,200 drogerie stores in 2016.
Magnit presented operational and financial results for 9M 2016. Key highlights include:
- Revenue grew 14.7% to RUB 521.5 billion in 1H 2016 compared to 1H 2015.
- EBITDA margin was 9.89% in 1H 2016 versus 10.69% in 1H 2015.
- The company operates 13,364 stores across 2,436 cities and towns in Russia as of September 30, 2016.
- Store formats include convenience stores, hypermarkets, Magnit family stores, and drogerie stores.
Magnit presented its financial results for FY 2015. Key highlights included:
- Revenue grew 24.5% to 951 billion rubles.
- EBITDA margin was 10.94%, down slightly from the previous year.
- Net income increased 23.9% to 59 billion rubles.
- The company operates over 12,000 stores across multiple formats and remains the largest food retailer in Russia.
Magnit presented operational results for 1Q 2016. It operates 12,434 stores across Russia under convenience, hypermarket, Magnit Family and drogerie formats. In 1Q 2016, revenue grew 24.5% to RUB 951 billion while net income grew 23.9% to RUB 59.1 billion. Magnit aims to open 1000-1100 convenience stores, 80 hypermarkets and 1200 drogerie stores in 2016. Key metrics included a net debt to EBITDA ratio of 0.9x and capex of RUB 67 billion for 2015. Magnit remains the largest food retailer in Russia by revenue and number of stores.
Magnit presented results for the first half of 2015, reporting 30.3% revenue growth to RUB 455 billion. Net income grew 29% to RUB 25.3 billion, with margins stable at 27.9% for gross margin and 10.7% for EBITDA margin. Magnit operates over 12,000 stores across Russia, utilizing a multi-format model including convenience stores, hypermarkets, Magnit Family stores, and drogerie stores. Store counts grew significantly in 2015 with 951 new convenience stores added.
Magnit presented operational results for 9M 2015. Key metrics included 27.2% revenue growth to RUB 690 billion, with a net margin of 6.26% and EBITDA margin of 10.88%. Magnit operates 11,388 stores across 297 cities in 7 regions of Russia, utilizing a multi-format model. Store formats include convenience stores, hypermarkets, Magnit Family stores, and drogerie stores. Magnit aims to grow organically through new store openings and increasing store density coverage across its regions.
Magnit is the largest food retailer in Russia. As of June 2015, it operated over 10,000 stores across 233 cities and towns. The company uses a multi-format model comprising convenience stores, hypermarkets, Magnit Family stores, and drogerie stores. In 1H 2015, Magnit's revenue grew 30.3% to RUB 455 billion, with an EBITDA margin of 10.69% and net income growth of 29%. The document provides details on Magnit's store formats, operational overview, geographical coverage, and financial results.
Magnit presented its financial results for FY 2015. Key highlights included:
- Revenue grew 24.5% to 951 billion rubles.
- EBITDA margin was 10.94%, down slightly from the previous year.
- Net income increased 23.9% to 59 billion rubles.
- The company operates over 12,000 stores across multiple formats and remains the largest food retailer in Russia.
Magnit presented operational results for 1Q2015. It operates over 10,000 stores across Russia as the largest food retailer by revenue and number of stores. Key metrics included 28-32% sales growth in rubles and EBITDA margin of 9.5-11% for 2015. The presentation reviewed each store format including convenience stores, hypermarkets, Magnit Family stores, and drogerie stores. Financial results for 2014 showed over 30% revenue and net income growth with gross and EBITDA margins of 28.9% and 11.3%, respectively.
Magnit presented operational results for the first half of 2016. Key metrics included:
- Revenue grew 14.7% year-over-year to 522 billion rubles.
- Net profit margin was 5.01% and EBITDA margin was 9.89%.
- The company operates 12,888 stores across seven federal regions of Russia under various formats including convenience stores, hypermarkets, Magnit Family stores, and drogerie stores.
- Formats showed mixed like-for-like sales growth from the prior year period, with convenience stores down 0.36%, hypermarkets down 2.48%, and drogerie stores up 10.86%.
Magnit is the largest food retailer in Russia by revenue and number of stores. It operates various store formats across 27 distribution centers and over 9,700 stores. In 2014, Magnit achieved revenue of RUB763.5 billion with an EBITDA margin of 11.25% and net income of RUB47.7 billion. The company aims to continue growing organically through new store openings and increasing coverage across its regions.
Magnit is the largest food retailer in Russia by revenue and number of stores. As of September 2014, Magnit operated over 9,000 stores across 2,019 cities and towns. The company uses a multi-format approach including convenience stores, hypermarkets, Magnit Family stores, and drogerie stores. In the first half of 2014, Magnit achieved revenue growth of 13.4% and net income growth of 19.4% compared to the same period in 2013. Magnit aims to continue its strategy of organic store growth, increasing geographic coverage, and maintaining low prices.
Magnit presented operational results for 1H 2016. Key metrics included:
- Revenue growth of 14.7% year-over-year to 522 billion rubles
- EBITDA margin of 9.89% and net margin of 5.01%
- Net debt to LTM EBITDA ratio of 0.9x
Magnit operates the largest retail chain in Russia with over 12,888 stores across 7 regions. Formats include convenience stores, hypermarkets, Magnit Family stores, and drogerie stores. The presentation reviewed store-level metrics and strategies for each format.
Magnit presented operational results for 1H 2016. Key metrics included:
- Revenue growth of 14.7% year-over-year to 522 billion rubles
- EBITDA margin of 9.89% and net margin of 5.01%
- Net debt to LTM EBITDA ratio of 0.9x
Magnit operates the largest retail chain in Russia with over 12,888 stores across 7 regions. Stores include convenience, hypermarkets, Magnit Family stores, and drogerie. Magnit aims to grow organically through new store formats while maintaining low prices and a focus on efficiency.
Magnit is the largest food retailer in Russia by revenue and number of stores. As of March 2015, Magnit operated over 10,000 stores across 180 cities and towns. The company utilizes a multi-format model including convenience stores, hypermarkets, Magnit Family stores, and drogerie stores. In 2014, Magnit generated $24 billion in revenue and had a market capitalization of $24 billion, ranking as the third largest retailer in Europe.
Magnit presented its FY 2015 results on January 27, 2016. It operates the largest food retail chain in Russia by revenue and number of stores. As of December 31, 2015, Magnit had over 12,000 stores across Russia, generating $9.5 billion in revenue in FY 2015. Magnit aims to open 900-950 convenience stores, 80 hypermarkets, and 1,200 drogerie stores in 2016. The presentation provided an overview of Magnit's operational and financial performance, including details on its store formats, supply chain, employees, and financial results for the first half of 2015.
Currently, there is no volunteering requirement for students at San Bernardino schools. Requiring volunteer hours would provide help to the community while benefiting students. The proposal would require minimal costs for training advisors on the new requirement and helping students apply it toward graduation. Both students and schools would see benefits, including students gaining job skills, feeling more connected, and improving their mental and physical health, while schools could gain community support and better graduation statistics.
Magnit reported strong financial results in FY2012, with net sales growing 26.3% to $14.4 billion and net profit increasing 92.9% to $807.8 million. Operationally, Magnit expanded its store network significantly, opening 1,575 new stores including 1,040 convenience stores, 36 hypermarkets, and 482 cosmetics stores. Magnit remains focused on further expansion in existing regions and increasing efficiency through initiatives like improving its product mix and supply chain optimization.
Magnit presented operational results for 1Q 2016. It operates 12,434 stores across Russia under convenience, hypermarket, Magnit Family and drogerie formats. In 1Q 2016, revenue grew 24.5% to RUB 951 billion while net income grew 23.9% to RUB 59.1 billion. Magnit aims to open 900-950 convenience stores, 80 hypermarkets and 1,200 drogerie stores in 2016.
Magnit presented operational and financial results for 9M 2016. Key highlights include:
- Revenue grew 14.7% to RUB 521.5 billion in 1H 2016 compared to 1H 2015.
- EBITDA margin was 9.89% in 1H 2016 versus 10.69% in 1H 2015.
- The company operates 13,364 stores across 2,436 cities and towns in Russia as of September 30, 2016.
- Store formats include convenience stores, hypermarkets, Magnit family stores, and drogerie stores.
Magnit presented its financial results for FY 2015. Key highlights included:
- Revenue grew 24.5% to 951 billion rubles.
- EBITDA margin was 10.94%, down slightly from the previous year.
- Net income increased 23.9% to 59 billion rubles.
- The company operates over 12,000 stores across multiple formats and remains the largest food retailer in Russia.
Magnit presented operational results for 1Q 2016. It operates 12,434 stores across Russia under convenience, hypermarket, Magnit Family and drogerie formats. In 1Q 2016, revenue grew 24.5% to RUB 951 billion while net income grew 23.9% to RUB 59.1 billion. Magnit aims to open 1000-1100 convenience stores, 80 hypermarkets and 1200 drogerie stores in 2016. Key metrics included a net debt to EBITDA ratio of 0.9x and capex of RUB 67 billion for 2015. Magnit remains the largest food retailer in Russia by revenue and number of stores.
Magnit presented results for the first half of 2015, reporting 30.3% revenue growth to RUB 455 billion. Net income grew 29% to RUB 25.3 billion, with margins stable at 27.9% for gross margin and 10.7% for EBITDA margin. Magnit operates over 12,000 stores across Russia, utilizing a multi-format model including convenience stores, hypermarkets, Magnit Family stores, and drogerie stores. Store counts grew significantly in 2015 with 951 new convenience stores added.
Magnit presented operational results for 9M 2015. Key metrics included 27.2% revenue growth to RUB 690 billion, with a net margin of 6.26% and EBITDA margin of 10.88%. Magnit operates 11,388 stores across 297 cities in 7 regions of Russia, utilizing a multi-format model. Store formats include convenience stores, hypermarkets, Magnit Family stores, and drogerie stores. Magnit aims to grow organically through new store openings and increasing store density coverage across its regions.
Magnit is the largest food retailer in Russia. As of June 2015, it operated over 10,000 stores across 233 cities and towns. The company uses a multi-format model comprising convenience stores, hypermarkets, Magnit Family stores, and drogerie stores. In 1H 2015, Magnit's revenue grew 30.3% to RUB 455 billion, with an EBITDA margin of 10.69% and net income growth of 29%. The document provides details on Magnit's store formats, operational overview, geographical coverage, and financial results.
Magnit presented its financial results for FY 2015. Key highlights included:
- Revenue grew 24.5% to 951 billion rubles.
- EBITDA margin was 10.94%, down slightly from the previous year.
- Net income increased 23.9% to 59 billion rubles.
- The company operates over 12,000 stores across multiple formats and remains the largest food retailer in Russia.
Magnit presented operational results for 1Q2015. It operates over 10,000 stores across Russia as the largest food retailer by revenue and number of stores. Key metrics included 28-32% sales growth in rubles and EBITDA margin of 9.5-11% for 2015. The presentation reviewed each store format including convenience stores, hypermarkets, Magnit Family stores, and drogerie stores. Financial results for 2014 showed over 30% revenue and net income growth with gross and EBITDA margins of 28.9% and 11.3%, respectively.
Magnit presented operational results for the first half of 2016. Key metrics included:
- Revenue grew 14.7% year-over-year to 522 billion rubles.
- Net profit margin was 5.01% and EBITDA margin was 9.89%.
- The company operates 12,888 stores across seven federal regions of Russia under various formats including convenience stores, hypermarkets, Magnit Family stores, and drogerie stores.
- Formats showed mixed like-for-like sales growth from the prior year period, with convenience stores down 0.36%, hypermarkets down 2.48%, and drogerie stores up 10.86%.
Magnit is the largest food retailer in Russia by revenue and number of stores. It operates various store formats across 27 distribution centers and over 9,700 stores. In 2014, Magnit achieved revenue of RUB763.5 billion with an EBITDA margin of 11.25% and net income of RUB47.7 billion. The company aims to continue growing organically through new store openings and increasing coverage across its regions.
Magnit is the largest food retailer in Russia by revenue and number of stores. As of September 2014, Magnit operated over 9,000 stores across 2,019 cities and towns. The company uses a multi-format approach including convenience stores, hypermarkets, Magnit Family stores, and drogerie stores. In the first half of 2014, Magnit achieved revenue growth of 13.4% and net income growth of 19.4% compared to the same period in 2013. Magnit aims to continue its strategy of organic store growth, increasing geographic coverage, and maintaining low prices.
Magnit presented operational results for 1H 2016. Key metrics included:
- Revenue growth of 14.7% year-over-year to 522 billion rubles
- EBITDA margin of 9.89% and net margin of 5.01%
- Net debt to LTM EBITDA ratio of 0.9x
Magnit operates the largest retail chain in Russia with over 12,888 stores across 7 regions. Formats include convenience stores, hypermarkets, Magnit Family stores, and drogerie stores. The presentation reviewed store-level metrics and strategies for each format.
Magnit presented operational results for 1H 2016. Key metrics included:
- Revenue growth of 14.7% year-over-year to 522 billion rubles
- EBITDA margin of 9.89% and net margin of 5.01%
- Net debt to LTM EBITDA ratio of 0.9x
Magnit operates the largest retail chain in Russia with over 12,888 stores across 7 regions. Stores include convenience, hypermarkets, Magnit Family stores, and drogerie. Magnit aims to grow organically through new store formats while maintaining low prices and a focus on efficiency.
Magnit is the largest food retailer in Russia by revenue and number of stores. As of March 2015, Magnit operated over 10,000 stores across 180 cities and towns. The company utilizes a multi-format model including convenience stores, hypermarkets, Magnit Family stores, and drogerie stores. In 2014, Magnit generated $24 billion in revenue and had a market capitalization of $24 billion, ranking as the third largest retailer in Europe.
Magnit presented its FY 2015 results on January 27, 2016. It operates the largest food retail chain in Russia by revenue and number of stores. As of December 31, 2015, Magnit had over 12,000 stores across Russia, generating $9.5 billion in revenue in FY 2015. Magnit aims to open 900-950 convenience stores, 80 hypermarkets, and 1,200 drogerie stores in 2016. The presentation provided an overview of Magnit's operational and financial performance, including details on its store formats, supply chain, employees, and financial results for the first half of 2015.
Currently, there is no volunteering requirement for students at San Bernardino schools. Requiring volunteer hours would provide help to the community while benefiting students. The proposal would require minimal costs for training advisors on the new requirement and helping students apply it toward graduation. Both students and schools would see benefits, including students gaining job skills, feeling more connected, and improving their mental and physical health, while schools could gain community support and better graduation statistics.
Magnit reported strong financial results in FY2012, with net sales growing 26.3% to $14.4 billion and net profit increasing 92.9% to $807.8 million. Operationally, Magnit expanded its store network significantly, opening 1,575 new stores including 1,040 convenience stores, 36 hypermarkets, and 482 cosmetics stores. Magnit remains focused on further expansion in existing regions and increasing efficiency through initiatives like improving its product mix and supply chain optimization.
Este documento contiene información sobre un estudiante que cursa la asignatura de Matemática II en el Instituto Universitario de Tecnología Antonio José de Sucre en su extensión de Barquisimeto, Estado Lara. El estudiante se llama Joaquín Torres y su cédula de identidad es 21.459.743 y el profesor que imparte la asignatura es el Licenciado Domingo Méndez.
The document discusses how to prepare for an emergency by creating an emergency plan and assembling an emergency preparedness kit. It recommends including essential items in the kit like water, non-perishable food, first aid supplies, clothing, blankets, a battery-powered radio, flashlight and extra batteries. Proper planning and preparation are key to ensuring safety and survival during emergencies.
Magnit is a leading food retailer in Russia with over 2,800 stores. It plans to further expand its convenience store operations while also rolling out hypermarkets. Magnit will open 250-400 new convenience stores annually and has 11 hypermarkets under construction. It aims to improve efficiency across its multi-format platform through measures like optimizing product mix, logistics, and purchasing.
- The document is a 2007 annual results presentation from OJSC Magnit, a Russian food retailer, which contains disclaimers about the information provided and forward-looking statements.
- Magnit has experienced strong growth since entering food retail in 1998, growing its store count to over 2,000 convenience stores and 5 hypermarkets by early 2008.
- Magnit's strategy is to further expand its convenience store operations while also rolling out its hypermarket format, with a focus on improving efficiency.
Magnit provides concise summaries of its 2006 results in 3 sentences:
Magnit works to increase customer prosperity by minimizing expenditure on quality goods through efficient resource use, ongoing technology improvements, and adequate employee compensation. The company had 1,500 stores and $1.578 billion in net sales by the end of 2006, having grown rapidly from its start in wholesale distribution through expanding into grocery retail and a focus on regional expansion. Magnit aims to remain the largest multiformat food retailer in Russia with a leading logistics platform and sustainable profitable growth in its main store format and new hypermarket sector.
Magnit is the largest food retailer in Russia. As of June 2015, it operated over 10,700 stores across 2,233 cities and towns. Magnit uses a multi-format model comprising convenience stores, hypermarkets, Magnit Family stores, and drogerie stores. In 1H 2015, Magnit achieved revenue growth of 30.3% year-on-year to RUB 455 billion, EBITDA growth of 33% to RUB 48.6 billion, and net income growth of 29% to RUB 25.3 billion. Magnit continues its strategy of organic store expansion, increasing geographic coverage, maintaining low prices and high quality, and pursuing operational efficiencies.
Magnit reported strong financial results for FY 2013, with net sales increasing 26.1% to USD 18.2 billion and EBITDA growing 33.4% to USD 2 billion. Magnit remains the largest food retailer in Russia, operating 8,093 stores across 1,868 cities as of the end of 2013. Store expansion was a key driver of financial growth, with 1,209 new stores opened during the year. Looking forward, Magnit plans further investment in logistics infrastructure and store expansion to continue its leadership position in the Russian grocery market.
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This is my professional career outline and expectations for the future. I look forward to meeting the needs of communities in Northern California as I began journey and hopefully I will expand to assist others all over the world. Success is truly not success if we are never giving back to help others.
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Magnit presented operational results for 1Q 2016. It operates 12,434 stores across Russia under convenience, hypermarket, Magnit Family and drogerie formats. In 1Q 2016, revenue grew 24.5% to RUB 951 billion while net income grew 23.9% to RUB 59.1 billion. Magnit aims to open 1000-1100 convenience stores, 80 hypermarkets and 1200 drogerie stores in 2016. Key metrics included a net debt to EBITDA ratio of 0.9x and capex of RUB 67 billion for 2015. Magnit remains the largest food retailer in Russia by revenue and number of stores.
Magnit presented operational results for 1H 2016. Key metrics included:
- Revenue growth of 14.7% year-over-year to 522 billion rubles
- EBITDA margin of 9.89% and net margin of 5.01%
- Net debt to LTM EBITDA ratio of 0.9x
Magnit operates the largest retail chain in Russia with over 12,888 stores across 7 regions. Stores include convenience, hypermarkets, Magnit Family stores, and drogerie. Magnit has a multi-format strategy focused on growth, value, efficiency and vertical integration.
Magnit presented operational and financial results for 9M 2016. Key highlights include:
- Revenue grew 14.7% to RUB 521.5 billion in 1H 2016 compared to 1H 2015.
- EBITDA margin was 9.89% in 1H 2016 versus 10.69% in 1H 2015.
- The company operates 13,364 stores across 2,436 cities and towns in Russia as of September 30, 2016.
- Store formats include convenience stores, hypermarkets, Magnit family stores, and drogerie stores.
Magnit is the largest food retailer in Russia by revenue and number of stores. As of June 30, 2015, Magnit operated over 10,728 stores across 233 cities in Russia. Magnit uses a multi-format approach including convenience stores, hypermarkets, Magnit Family stores, and drogerie stores. In the first half of 2015, Magnit reported revenue growth of 30.3% and EBITDA margin of 10.69%. Magnit is focused on further organic growth through new store openings and increasing profitability through cost management and vertical integration.
Magnit is the largest food retailer in Russia by revenue and number of stores. As of June 30, 2015, Magnit operated over 10,728 stores across 233 cities in Russia. Magnit uses a multi-format approach including convenience stores, hypermarkets, Magnit Family stores, and drogerie stores. In the first half of 2015, Magnit reported revenue growth of 30.3% and EBITDA margin of 10.69%. Magnit is focused on further organic growth through new store openings and increasing penetration in existing regions.
Magnit is the largest food retailer in Russia by revenue and number of stores. As of June 30, 2015, Magnit operated over 10,728 stores across 233 cities in Russia. Magnit uses a multi-format approach including convenience stores, hypermarkets, Magnit Family stores, and drogerie stores. In the first half of 2015, Magnit reported revenue growth of 30.3% and EBITDA margin of 10.69%. Magnit is focused on further organic growth through new store openings and increasing penetration in existing regions.
Magnit is the largest food retailer in Russia with over 10,728 stores across 233 cities and towns. It has a multi-format business model including convenience stores, hypermarkets, Magnit Family stores, and drogerie stores. In 2014, Magnit generated revenue of RUB 763.5 billion with an EBITDA margin of 11.25% and net income of RUB 47.7 billion. Magnit has experienced strong growth in recent years through organic store expansion and has strategic plans to continue growing its store base and market share in Russia.
Magnit is the largest food retailer in Russia by revenue and number of stores. It operates over 8,000 stores across various formats including convenience stores, hypermarkets, Magnit Family stores, and cosmetics stores. In Q1 2014, Magnit opened over 300 new stores and saw revenue growth of 29% and net income growth of 42% compared to Q1 2013. The document provides details on Magnit's operational metrics such as store sizes, sales densities, and ownership structures for each store format. Financial highlights include increasing margins from 2011-2013 and SG&A expenses representing 20% of total revenue in 2013.
Magnit is the largest food retailer in Russia by revenue and number of stores. In the first half of 2014, Magnit's net sales increased 13.4% to $10 billion, EBITDA grew 17.4% to $1 billion, and net income rose 19.4% to $560 million. Magnit operates various store formats including convenience stores, hypermarkets, Magnit Family stores, and cosmetics stores, with convenience stores making up over 75% of its total store count.
Magnit is the largest food retailer in Russia by revenue and number of stores. In the first half of 2014, Magnit's net sales increased 13.4% to $9.98 billion, gross profit grew 15.8%, and net income rose 19.4% to $559.99 million. Magnit operates various store formats across 1,959 Russian cities and towns, including convenience stores, hypermarkets, Magnit Family stores, and drogeries. The company aims to continue expanding its multi-format presence while maintaining efficient operations.
Magnit is the largest food retailer in Russia by revenue and number of stores. In 1H 2014, Magnit saw sales growth of 13.4% and net income growth of 19.4% compared to 1H 2013. Magnit operates various store formats including convenience stores, hypermarkets, Magnit Family stores, and drogeries. Magnit aims to continue growing organically through new store openings and increasing its geographic coverage across Russia.
Magnit is the largest food retailer in Russia by revenue and number of stores. As of 1H2014, Magnit operated 8,618 stores across 1,959 cities and towns. The company has a multi-format business model comprising convenience stores, hypermarkets, Magnit Family stores, and drogeries. In 1H2014, Magnit's net sales increased 13.4% to $9.978 billion, EBITDA grew 17.4% to $1.045 billion, and net income rose 19.4% to $560 million. Magnit's strategy focuses on organic store growth, low prices, high quality, and cost management.
1) Magnit is the largest food retailer in Russia by revenue and number of stores. In 1Q2014, it operated over 8,000 stores across 1,905 cities in Russia.
2) Magnit reported revenue of RUR579.7 billion in FY2013, a 29.2% increase over the previous year. Net income increased 41.8% to RUR35.6 billion in FY2013.
3) Magnit uses a multi-format approach including convenience stores, hypermarkets, cosmetics stores, and Magnit Family stores. Convenience stores are the most common format, making up over 70% of Magnit's stores.
Magnit presented results for the first half of 2015, reporting 30.3% revenue growth to RUB 454.8 billion. Net income increased 29% to RUB 25.3 billion, with margins stable. Magnit operates over 12,000 stores across multiple formats and regions in Russia, with growth strategy focused on organic store expansion, private label products, and logistics centralization. Key metrics included 27.9% gross margin and 10.7% EBITDA margin for 1H2015.
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2. Magnit at a Glance
Magnit at a Glance
As of December 31, 2015
Source: Company, Thomson Reuters,
* - Magnit’s estimates 2
2 361Cities & Towns
№1
Russian Food Retail
Chain by Revenue
and Number of Stores
12 089Total Number
of Stores
4 414thous.sq.m.
Selling Space
33DCs
5 882Trucks
Multi-format Business Model
Comprising Convenience, Hypermarkets,
“Magnit Family” & Drogerie Stores
№2
Retailer in Europe
in Market
Capitalization $19bnMarket
Capitalization
>7%Share in Russian
Grocery Sector ⃰
Shareholder Structure as of 1H2015
55,8%
Free-float
36,5%
Sergey Galitskiy, CEO
3,2%
Other
4,5%
Lavreno Ltd. (Cyprus)0,1%
3. Magnit at a Glance
Key Metrics
3
Source: Company, as of December 31, 2015,
Company’s Estimates
* as of June 30, 2015
New Stores
951bn 24,5 %
Revenue
FY 2015
6,19 %
Net
Margin
10,93%
EBITDA
Margin
0,9*
Net debt/
LTM EBITDA
900-950
Convenience
Stores
80Hyper-
markets
1 200
Drogerie
Stores
RUB 65-70bnCapex
P=
Revenue growth
Y-o-Y
Guidance for 2016
4. Magnit at a Glance
Strategy
4
Growth
Value Efficiency
Multi-format Organic
Store Growth
Geographic
Scope
Density of Store
Coverage
Low
Prices
High
Quality
Assortment Cost
Management
Vertical
Integration
Centralization
5. 65
Magnit at a Glance
Russian Food Retail Market
5
Market Composition by Format
$320bnMarket
Size
FY 2014
%Modern
Retail
Penetration
Non-Modern Modern
Source: Infoline Estimates for FY2015
65%35%
Top-7 Retail Chains
22,5%
Modern Non-Chain
Stores
16,5%
Other chains
26%
Traditional Trade
28%
Open Markets
6%
6. Magnit at a Glance
Magnit vs Peers
6
Source: As of FY 2014;
Companies, Infoline, Thomson Reuters,
Magnit’s Estimates (2015 figures to be updated in March 2016)
Number
of Stores, eop 2014
Selling Space
thous. sq.m.,
eop 2014
Revenue
RUB bn, eop 2014
Market Cap
US$ bn, eop 2015
Market Share
%, eop 2014
9 711
5 483
2 195
108
132
85
80
Magnit
X5
Dixy
Okey
Lenta
Auchan
Metro
3 591
2 572
747
552
701
789
619
763,5
633,9
229,0
152,0
194,0
338,0
210,0
19,0
5,1
0,5
0,5
2,9
6
5
2
1
2
3
2
Not public
Not public
7. 2 121Drogerie Stores 85 444 518 593 205 200
76
9 594Convenience Stores
219Hypermarkets
155Magnit Family
33Distribution Centers
6 42 30 49 11 9 8
7 62 37 61 14 30
8
353
1648 2578 2877 936 866
336
Operational Overview
Geographical Coverage
7
Source: Company,
as of December 31, 2015
2 361 Cities
& Towns
7 Federal
Regions
North
Caucasus
Southern Volga North
West
Urals SiberiaCentral
1 8 9 8 2 3 2
8. Operational Overview
Logistics System
8
Source: Company,
as of December 31, 2015
12 089Total Number
of Stores
1 292thous.sq.m.
Warehousing Space
33DCs
5 882Trucks
9
8
8
3
1
2
2
Central
Volga
Southern
Urals
North Caucasus
North West
Siberia
3763
3101
2396
1428
366
669
366
405,002
283,871
310,387
142,533
40,799
73,601
35,438
Centralization Ratio
%
90
10
92
8
Convenience Stores
FY2015 Future Targets
73
27
80
20
Hypermarkets
Delivered from DC
Delivered from supplier
Delivered from DC
Delivered from supplier
10. Operational Overview
Direct Import
10
Source: Company,
as of December 31, 2015
11%Share
of Revenue
596
PL
SKUs
M 84%Food
Items
Private Label
9% International
Direct Import
757
Open
Contracts
11. Operational Overview
Employees
11
Source: Company,
as of December 31, 2015
*as of June 30, 2015
265 989
Employees
28 617
Average
Monthly
Salary*
4% Wage Rate
Increase*
P=
194 723In-store
Personnel
40 369
People Engaged
in Distribution
19 108People in Regional
Branches
9 349People Employed
by Head Office
1000 employees
2 440Other
12. Operational Overview
Competitive Attributes
12
43-45 %of Family
Budget
Spent on Food
Location Quality
(of Products)
Assortment Reliability AtmospherePrices
5 000
People —
Minimum
Population
(1 500–1 600 Families)
4 000-9 500
Monthly
Family Food
Budget
P=
Overlap “Good”
Cannibalization
Magnit #1
Magnit #2
500m
Competitor #1 Competitor #2
Competitor #3
500m
Sales Catchment Area
Source: Company’s Estimates
14. Operational Overview
Convenience Store
14
Source: Company,
as of December 31, 2015
455
sq.m.
Total
325
sq.m.
Selling Space
89% Food
11% Non-food
25% Owned
75% Leased
Format Description Key Operational Statistics Opening
Size of the Store Average Ticket Payback
Store Ownership Structure
Sales Mix
Traffic
tickets/sq.m./day
Sales Density
sales/sq.m./year
LFL 12M2015 –12M2014,%
244,01P=
$4,00
245 306P=
$4 024
8,14
Average
Ticket, RUB
-0,79
Traffic
7,29
Sales
2,8
3 years
If Leased
If Owned
Cost of New Store
per sq.m. of Total Space, thousand RUB
Time to Maturity
6 months
4-6 years
Owned 35-105
Leased 10-19
16. Operational Overview
Hypermarket
16
Source: Company,
as of December 31, 2015
80% Food
20% Non-food
75% Owned
25% Leased
Format Description Key Operational Statistics
Size of the Store Average Ticket
Store Ownership Structure
Sales Mix
Traffic
tickets/sq.m./day
Sales Density
sales/sq.m./year
LFL 12M2015 – 12M2014,%
614,3P=
$10,1
272 278P=
$4 467
1,2
6 615
sq.m.
Total
2 918
sq.m.
Selling Space
5,53
Average
Ticket, RUB
-3,80
Traffic
1,51
Sales
Opening
Payback
6-9 years
Cost of New Store
per sq.m. of Total Space, thousand RUB
Owned 56-98
Leased 31-41
8-15 months
Time to Maturity
S: up to 3 000
M: 3 000-6 000
L: over 6 000
18. Operational Overview
Magnit Family
18
Source: Company,
as of December 31, 2015
2 161
sq.m.
Total
1 098
sq.m.
Selling Space
85% Food
15% Non-food
36% Owned
64% Leased
Format Description Key Operational Statistics Opening
Size of the Store Average Ticket Payback
Store Ownership Structure
Sales Mix
Traffic
tickets/sq.m./day
Sales Density
sales/sq.m./year
LFL 12M2015 – 12M2014,%
446,9P=
$7,3
349 703P=
$5 737
2,0
6-9 years
Cost of New Store
per sq.m. of Total Space, thousand RUB
Owned 71-112
Leased 31-54
8-15 months
4,33
Average
Ticket, RUB
-3,55
Traffic
0,62
Sales
Time to Maturity
20. Operational Overview
Drogerie Store
20
Source:
Company, as of December 31, 2015
298
sq.m.
Total
229
sq.m.
Selling Space
100% Non-food
13% Owned
87% Leased
Format Description Key Operational Statistics Opening
Size of the Store Average Ticket Payback
Store Ownership Structure
Sales Mix
Traffic
tickets/sq.m./day
Sales Density
sales/sq.m./year
LFL 12M2015 – 12M2014,%
287,6P=
$4,7
114 924P=
$1 885
13,24
Average
Ticket, RUB
5,62
Traffic
19,61
Sales
1,0
3 years
If Leased
If Owned
Cost of New Store
per sq.m. of Total Space, thousand RUB
Time to Maturity
6 months
Owned 20-70
Leased 9-16
4-6 years
21. 80%
20%
Size
of the Store
sq.m.
Average
Ticket
Traffic
Tickets/
sq.m./day
Density
Sales/
sq.m./year
Sales
Mix
LFL 12M2015-
12M2014
%
Store Owner-
ship Structure
Payback
Years
Cost of New
Store
per sq.m.
of Total Space
Time
to Maturity
Months
• Total
• Selling Space
• Food
• Non-food
• Av.ticket
• Traffic/ Sales
• Owned
• Leased
13%
87%
36%
64%
75%
25%
25%
75%
Operational Overview
Format Summary
21Source: Company, as of December 31, 2015; * Excludes selling space designated for leases
Hypermarket
Drogerie
Store
Magnit
Family
455
6 615
298
2 161
325
2918*
229
1 098
Owned
RUB 35-105k
Leased
RUB 10-19k
2,8
1,2
1,0
2,0
P.244,01
$4,0
P.614,25
$10,1
P.287,6
$4,7
P.446,9
$7,3
P.245 306
$4 024
P.272 278
$4 467
P. 114 924
$1 885
P.349 703
$5 737
89%
11%
Convenience
store
6
8-15
6
8-15
3 (if leased)
6-9
3 (if leased)
6-9
4-6 (if owned)
4-6 (if owned)
8,14
5,53
13,24
4,33
-0,79
-3,80
5,62
-3,55
7,29
1,51
19,61
0,62
Owned
RUB 56-98k
Leased
RUB 31-41k
Owned
RUB 71-112k
Leased
RUB 31-54k
Owned
RUB 20-70k
Leased
RUB 9-16k
85%
15%
100%
22. Financial Overview
Summary P&L
SG&A is presented net of Depreciation & Amortization (except for Depreciation of production fixed assets which was included in the Cost of sales)
Source: Company
Please note: there may be small variations in calculation of totals, subtotals, and/or percentage change due to rounding of decimals 22
RUB MN 1H2014 1H2015
1H2014 / 1H2015
Y-o-Y Growth
Net sales 349,047.11 454,808.63 30.3%
Cost of sales (251,912.59) (327,748.22) 30.1%
Gross profit 97,134.52 127,060.41 30.8%
Gross margin, % 27.83% 27.94%
SG&A (61,569.24) (79,406.25) 29.0%
Other income, net 955.52 937.45 -1.9%
EBITDA 36,549.60 48,627.66 33.0%
EBITDA margin,% 10.47% 10.69%
Depreciation & Amortization (8,489.36) (10,033.63) 18.2%
EBIT 28,060.24 38,594.03 37.5%
Net finance costs (2,822.41) (5,865.82) 107.8%
Profit before tax 25,237.83 32,728.21 29.7%
Taxes (5,649.76) (7,462.55) 32.1%
Effective tax rate 22.39% 22.80%
Net income 19,588.07 25,265.66 29.0%
Net margin, % 5.61% 5.56%
25. 36 952
32 904
12 593
-2 202
-3 057
-3 927
-20 337
-8 427
-6 368
2 936
26
Financial Overview
Free Cash Flow
25Source: Company
Working Capital Analysis
The Average Days Payable to
Suppliers is 36 Days.
Inventory Management Days is 47 Days
Working Capital: RUB 7 171 mn as of
30.06.2015
RUB mn
1H 2014
1H 2015
Adjusted for loss from disposal of PPE, provision
for doubtful receivables, foreign exchange loss,
gain on disposal of subsidiary Calculated as additions
+ transfers of PP&E
during the respective
period
Does not include cash flow from
financing activities
49 065
36 337
11 552
-5 776
-2 238
-5 735
-4 755
-24 434
-351 -19 300
1 972
Adjusted
EBITDA
Change in
Working capital
Net Interest
Paid
Taxes
Paid
OCF Capex Other Cash
Flow
from Investing
Activities
FCF Payment of
Dividents
Other Cash
Flow
from Financing
Activities
CF
26. Financial Overview
Balance Sheet
Source: IFRS accounts for FY2013, FY2014, Company
Please note: there may be small variations in calculation of totals, subtotals, and/or percentage change due to rounding of decimals 26
RUB MN 2013 2014 1H2015
ASSETS
Property plant and equipment 195,158.25 232,968.80 247,425.33
Other non-current assets 5,762.40 6,043.82 6,344.84
Cash and cash equivalents 5,931.13 17,691.54 11,915.01
Inventories 56,095.41 81,475.66 86,930.23
Trade and other receivables 631.53 813.26 731.37
Advances paid 3,171.05 4,849.30 3,175.85
Taxes receivable 27.99 69.38 162.03
Short-term financial assets 1,150.64 475.18 387.48
Prepaid expenses 252.15 242.53 257.18
Income tax receivable – 131.86 –
TOTAL ASSETS 268,180.55 344,761.33 357,329.32
EQUITY AND LIABILITIES
Equity 126,162.14 143,651.62 156,255.11
Long-term debt 37,441.50 44,410.14 39,428.44
Other long-term liabilities 8,462.32 10,617.70 11,641.24
Trade and other payables 48,170.71 66,794.61 64,503.32
Short-term debt 36,319.76 51,256.67 58,477.16
Dividends payable 0.03 14,372.03 7,600.33
Other current liabilities 11,624.09 13,658.56 19,423.72
TOTAL EQUITY AND LIABILITIES 268,180.55 344,761.33 357,329.32
27. Financial Overview
Capex Analysis
27
¹ CAPEX for 1H2015 amounts to RUB 24 434 mn
Source: Company, as of December 31, 2014; Company’s Estimates
Construction in Progress
& Buildings
Machinery &
Equipment
Other Assets Land
36 297 11 553 5 156 2 930
FY 2014¹
RUB 56 bn
FY 2015 (plan)
RUB 65 bn
RUB 500 mn
Hypermarkets Distribution
Centres
Convenience
Stores
Acquisition &
Construction of
Conv.Stores
Buy-out of
Leased
Conv.Stores
Greenhouses Land for
HyperMarkets
Store
Renovation
Maintenance Drogerie Stores
90 5 1 350 950
25 000 9 000 8 000 5 000 2 000 4 000 5 000 2 000 1 000 4 000
28. 73 761
95 667 97 905
67 830
77 975
85 991
36 320
51 257
58 477
37 441
44 410 39 428
2013 2014 1H2015
Net Debt
Short-term Debt
Long-term Debt
%
Financial Overview
Debt Burden
28Source: IFRS accounts for FY2013, FY2014, Company
13,0 12,9
8,0
0,0
2,0
4,0
6,0
8,0
10,0
12,0
14,0
2013 2014 1H2015
1
0,9 0,9
0
0,5
1
1,5
2
2013 2014 1H2015
Debt Level Dynamics
RUB mn
Credit Metrics Credit Profile
EBITDA / Finance Expenses
Net Debt / LTM EBITDA
The Company Has
an Impeccable Credit History
Collaboration with
the Largest Banks
Low Debt Burden:
Net Debt / LTM EBITDA Ratio of 0,9
No Currency Risk: 100%
of Debt is Rub Denominated
Matching Revenue Structure
No Interest Rate Risk:
Interest Payments are Made
at Fixed Rates
49,2%
53,6%
59,7%
40% of Debt is Long-term
Approximately 26%
of LT Debt is Rub Bonds
29. Contact Information
Contact Information
29
Timothy Post
Head of Investor Relations
+7 (961) 511-7678
post@ir.magnit.com
http://ir.magnit.com
15/2 Solnechnaya Street
Krasnodar, 350072
Russian Federation