Magnit PJSC (MIC:MGNT)

₽ 5210 36 (0.7%) Market Cap: 493.15 Bil Enterprise Value: 1.13 Til PE Ratio: 0 PB Ratio: 0 GF Score: 55/100

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Q1 2019 Magnit PAO Earnings Call Transcript

Apr 30, 2019 / 01:00PM GMT

Release Date Price: ₽3720 (+2.47%)

Transcript

Operator

Good day and welcome to the first quarter 2019 trading updates and financial highlights conference call. Today's conference is being recorded. At this time, I'd like to turn the conference over to Jyrki Talvitie. Please go ahead.

Jyrki Talvitie

Good afternoon. This is Jyrki Talvitie. Welcome to Magnit conference call dedicated to the operating and unaudited financial results for the first quarter of 2019. Our speakers today are our President, Jan Dunning; our CEO, Olga Naumova; and our CFO, Elena Milinova. The presentation and announcement published this morning are available on our website. We'll start with some prepared remarks, followed by the Q&A session.

With this, I would like to hand over to, Jan Dunning, President of Magnit. Jan, please.

Jan Dunning

Yes, thank you, Jyrki. And good afternoon and good morning to all of you. Our results for the first quarter were on budget and in line with our previous messaging and guidance for 2019. Are we happy with these results? To be quite honest, no. These results do not

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