Russia’s Magnit keeps revenue growth forecast for 2017 at 9–13% - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Russia’s Magnit keeps revenue growth forecast for 2017 at 9–13%

MOSCOW, Mar 24 (PRIME) -- Russian retailer Magnit has maintained its 2017 revenue guidance at 9–13%, CFO Khachatur Pombukhchan said at a conference call on Friday.

“We gave a 9–13% guidance for 2017. We have no plans to change the guidance so far. We traditionally change the sales guidance at a meeting of (owner Sergei) Galitsky with investors in Krasnodar in the middle of the year,” Pombukhchan said.

He also said that the company has no reason to revise its earnings before interest, taxes, depreciation and amortization margin for 2017 from 9.5–10.5%.

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24.03.2017 17:58