Russian retailer Magnit saw its full-year revenue jump 41.9% in 2008, the company said in a trading statement today (12 January).

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more


Annual sales reached RUB132.4bn (US$4.54bn) in rouble terms over the 12 months.


Net retail sales increased by 46% year-on-year in dollar terms to US$5.3m.


Like-for-like revenue grew 18.8% in rouble terms and 22.29% in dollar terms.


During 2008, Magnit opened 382 stores, including some 371 convenience outlets and 11 hypermarkets.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The company’s total store base reached 2,579 outlets at the end of 2008.