Retailer Magnit announced the purchase of a controlling stake in Azbuka Vkusa. Total selling space of the acquired assets is 100.4 thousand square meters, of which about 77.9 thousand square meters are supermarkets and 11.9 thousand square meters are minimarkets. In perimeter of the deal also included three distribution centers and five own culinary, bakery...

Retailer Magnit has agreed to acquire control in the Azbuka Vkusa chain, sources told RBC. In perimeter of the deal included stores in Moscow and St. Petersburg, five factories-kitchens serving the capitals, as well as three distribution centers. Experts estimate the value of the controlling stake in Azbuka Vkusa at ₽30-35 billion, based on an EV/EBITDA mult...

Magnit's retail revenue in 2024 amounted to ₽3.018 trillion, up 9.1% from ₽2.509 trillion a year earlier. LFL sales were up 11.2%, average check was up 10.2% and traffic was up 0.8%. Number of renovated stores more than doubled to 2,536 stores and the chain's total number of stores reached 31,483 outlets. Retail space increased by 8.8% to 10,934 thousand squ...

Magnit's IFRS net profit for 2024 amounted to ₽44.3 billion, down 24.5% from ₽58.68 billion in the previous year. Revenue increased 19.2% to ₽3.04 trillion against ₽2.55 trillion a year earlier.