Magnit Is Included in the Rating of the Most Expensive Brands in Russia Once Again
August 21, 2020 / Investment
The retail network became the only retailer included in the top ten of the most expensive Russian brands, according to Brand Finance, a British consulting company.
The Magnit Company took seventh place in the top 50 outstanding domestic brands. The retail brand is estimated by analysts at 172.7 billion rubles. Sberbank became a leader of the rating.
It is reported that when calculating brand value, brand strength is also taken into consideration, as well as marketing investments, brand capital, and the impact of these factors on business performance are analyzed.
Magnit Public Joint Stock Company (MOEX and LSE: MGNT, S&P Ц УBBФ) is a holding company of the group of companies (the Company) engaged in retail trade through the Magnit chain stores, with the headquarter in Krasnodar. The Magnit chain stores are one of the leading food chain stores in Russia. As of June 30, 2020, the Magnit chain consisted of 20,894 stores: 14,581 convenience stores, 472 Magnit Family supermarkets, and 5,841 Drogeries, which are located in 3,710 settlements of the Russian Federation.
According to the CompanyТs revised data, following the IFRS, its revenue for the 1st half of 2020 amounted to 763.4 billion rubles, and EBITDA Ц 86.9 billion rubles.