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Investegate announcements from MAGNIT PJSC, Magnit reports 37.7% total sales growth (18.5% adjusted for Dixy acquisition) and 12.0% LFL sales growth in 1Q 2022
Investegate announcements from MAGNIT PJSC, Magnit Reports 33.7% total sales growth (14.6% adjusted for dixy acquisition), 9.9% LFL Sales Growth and 7.4% EBITDA margin in 4Q 2021
Key events in 2Q 2021 and after the Reported Period Magnit completed its strategic acquisition of the DIXY retail chain comprising 2,477 stores in Russia significantly strengthening competitive positions in the Moscow and St. Petersburg markets; A new Board of Directors consisting of nine members, including five independent non-executive directors, were elected at the Company's AGM. For the fourth consecutive year Charles Ryan was elected a Chairman of the Board of Directors; The Board called an EGM with a view to increasing the size of the Board of Directors from 9 to 11 members; Magnit ann...
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