# Magnit

> Russian retail group

**Wikidata**: [Q940518](https://www.wikidata.org/wiki/Q940518)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Magnit)  
**Source**: https://4ort.xyz/entity/magnit

## Summary
Magnit is a Russian retail group founded in 1994, specializing in grocery and pharmaceutical retail. It operates as a public company, offering its securities to the public, and has grown into a major player in the Russian market with significant revenue and employee counts.

## Key Facts
- Founded in 1994 as a public company
- Operates multiple websites, including magnit.ru, magnit-info.ru, cosmetic.magnit.ru, and apteka.magnit.ru
- Has over 297,746 employees
- Reports revenue figures ranging from 490,100,000,000.0 to 2,550,000,000,000.0 over multiple years
- Net profit figures include 29,600,000,000.0, 54,408,994,000.0, and 66,100,000,000.0
- Total assets range from 454,915,486,000.0 to 948,689,323,000.0
- Headquartered with coordinates 45.072777 latitude and 39.003188 longitude
- Known aliases include Public Joint Stock Company Magnit and PJSC Magnit
- Sitelink count of 23

## FAQs
- **What type of company is Magnit?** Magnit is a public company that offers its securities to the general public, allowing investors to buy shares in the company.
- **How many employees does Magnit have?** Magnit employs over 297,746 people.
- **What is Magnit's revenue?** Magnit's revenue has varied over the years, with figures including 490,100,000,000.0, 1,074,811,554,000.0, and 2,550,000,000,000.0.
- **What are Magnit's net profit figures?** Magnit's net profit includes amounts such as 29,600,000,000.0, 54,408,994,000.0, and 66,100,000,000.0.
- **What are Magnit's total assets?** Magnit's total assets range from 454,915,486,000.0 to 948,689,323,000.0.
- **Where is Magnit headquartered?** Magnit is headquartered at coordinates 45.072777 latitude and 39.003188 longitude.
- **What are the official names of Magnit?** Magnit is also known as Public Joint Stock Company Magnit and PJSC Magnit.

## Why It Matters
Magnit plays a crucial role in the Russian retail sector by providing essential goods and services, particularly in grocery and pharmaceutical retail. As a public company, it allows investors to participate in its growth and success. Its significant revenue and employee count highlight its influence in the market. The company's financial performance, as reflected in its net profit and total assets, demonstrates its stability and expansion. Magnit's presence across multiple websites ensures accessibility to its services, further solidifying its position in the retail industry.

## Notable For
- Being a public company with securities available to the public
- Operating multiple specialized websites for different retail segments
- Employing a large workforce of over 297,746 employees
- Generating substantial revenue figures, indicating strong market performance
- Maintaining high net profit figures, showcasing financial health
- Holding significant total assets, reflecting its financial strength
- Having a well-defined headquarters location, ensuring operational efficiency

## Body
### Overview
Magnit is a Russian retail group founded in 1994, operating as a public company. It specializes in grocery and pharmaceutical retail, offering a wide range of products through its various websites, including magnit.ru, magnit-info.ru, cosmetic.magnit.ru, and apteka.magnit.ru. The company has grown significantly, employing over 297,746 people and generating substantial revenue figures.

### Financial Performance
Magnit's financial performance is marked by varying revenue figures, including 490,100,000,000.0, 1,074,811,554,000.0, and 2,550,000,000,000.0. Its net profit figures range from 29,600,000,000.0 to 66,100,000,000.0, indicating strong financial health. The company's total assets range from 454,915,486,000.0 to 948,689,323,000.0, reflecting its financial strength and stability.

### Operations
Magnit operates multiple websites to cater to different retail segments. Its main website, magnit.ru, provides a comprehensive range of products, while magnit-info.ru offers additional information and services. The cosmetic.magnit.ru website specializes in cosmetic products, and apteka.magnit.ru focuses on pharmaceutical retail. These specialized platforms ensure that customers can access the products they need efficiently.

### Headquarters
Magnit is headquartered at coordinates 45.072777 latitude and 39.003188 longitude, ensuring operational efficiency and accessibility. The headquarters serve as the central hub for the company's operations and management.

### Company Structure
Magnit is known by several official names, including Public Joint Stock Company Magnit and PJSC Magnit. This structure allows the company to operate as a public entity, offering securities to the public and facilitating investor participation.

### Impact and Influence
Magnit's significant revenue and employee count highlight its influence in the Russian retail sector. As a public company, it allows investors to participate in its growth and success, further solidifying its position in the market. The company's financial performance and operational efficiency make it a notable player in the retail industry.

## References

1. Virtual International Authority File
2. BnF authorities
3. Source
4. Freebase Data Dumps. 2013
5. [Source](http://km.aifb.kit.edu/services/crunchbase/)
6. [Source](http://ir.magnit.com/wp-content/uploads/Finansovaya-otchetnost_2018_rus-rub.pdf)
7. [FY 2019 Audited Financial Results. Magnit. 2020](https://www.magnit.com/upload/iblock/860/%D0%9F%D0%90%D0%9E%20%D0%9C%D0%B0%D0%B3%D0%BD%D0%B8%D1%82_%D0%90%D0%97_%20%D0%B0%D1%83%D0%B4%D0%B8%D1%82_2019_eng.pdf)
8. [FY 2020 Audited Financial Results. Magnit. 2021](https://www.magnit.com/upload/iblock/537/%D0%9C%D0%B0%D0%B3%D0%BD%D0%B8%D1%82_%D0%A4%D0%B8%D0%BD%D0%B0%D0%BD%D1%81%D0%BE%D0%B2%D0%B0%D1%8F%20%D0%BE%D1%82%D1%87%D0%B5%D1%82%D0%BD%D0%BE%D1%81%D1%82%D1%8C%20%D1%81%20%D0%90%D0%97_2020_%D0%B0%D0%BD%D0%B3%D0%BB.pdf)
9. [Source](http://ir.magnit.com/wp-content/uploads/A3-100-4_Magnit_Finansovaya-otchetnost_2016_angl-rub_formatted.pdf)
10. [Рейтинг крупнейших компаний России по объему реализации продукции. Expert RA](https://raexpert.ru/rankingtable/top_companies/2018/main)
11. [Source](https://www.magnit.com/upload/iblock/cd8/p2gu0rpa385fcosphr8pux4d7bgr5ouo/Финансовая%20отчетность%20c%20АЗ_Магнит_12м2022_русс.pdf)
12. [Source](http://ir.magnit.com/wp-content/uploads/Press-release-Audited-12M2018_rus.pdf)
13. [Source](https://golden.com/wiki/Magnit-4Z5J9X)
14. Name Suggestion Index
15. YouTube API