date:Sep 26, 2013
raded peers globally, according to Sberbank CIB. The margin in the first half of 2013 was 10.1 percent of sales. The new guidance shows managements confidence that the company will continue its strong performance and accelerate it in the fourth quarter, Natalia Kolupaeva, an analyst at ZAO Raiffeisenbank in Moscow, said by phone.
Sales this year will rise 29 percent to 30 percent, Magnit said today, compared with previous guidance of 27 percent to 30 percent. For 2014, the retailer forecast rev