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Russian retailer Magnit raises forecasts, defying economic slowdown
date:Jul 24, 2014
ings before interest, tax, depreciation and amortisation (EBITDA) rose 27 percent to $619 million, beating an average forecast of $567.2 million.

The company's EBITDA margin rose to 11.7 percent from 10.9 percent a year earlier, against consensus analyst forecasts of 10.7 percent.

Store numbers rose 16 percent from the same period last year to 8,618, boosting sales which rose 18 percent to $5.3 billion, or by 31 percent in roubles. Like-for-like sales rose 13 percent.

12/21 20:44