'Profitable Growth', M&A Activity In Focus For Russia's Magnit, CEO Tells ESM
Published on Feb 23 2021 8:39 AM in Features tagged: Featured Post / Trending Posts / Russia / Magnit / Jan Dunning / Paywall / Interview / My Price
Russian retailer Magnit is seeking to drive profitable growth from its existing assets, while also engaging in M&A activity that is value accretive, its chief executive Jan Dunning has told ESM.
Last week, Magnit unveiled a new 2021-2025 strategy at its Capital Markets Day in Moscow, at which the retailer pledged to 'improve and extend' its customer offering, enhance its value proposition, and introduce efficiencies that would deliver higher profitability and cash generation.
As a result of this strategy, it expects to increase its EBITDA margin to 8% by 2025, and achieve a 'comfortable' net debt/EBITDA level of around 1.5x.
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!
