from O'KEY Group S.A. (isin : US6708662019)
O`KEY GROUP REPORTS NET RETAIL REVENUE FOR Q1 2024
O'KEY Group S.A. (OKEY) Press release 26 April 2024 O`KEY GROUP REPORTS NET RETAIL REVENUE FOR Q1 2024
O`KEY Group S.A. (AIX, LSE, MOEX: OKEY, the “Group” or the “Company”), one of Russia’s leading food retailers, has announced its unaudited operating results for the first quarter (Q1) of 2024. All materials published by the Group are available on our website at www.okeygroup.lu.
Q1 2024 operating highlights
Operating review Group Net Retail Revenue in Q1 2024
Group Net Retail Revenue Metrics for Q1 2024
Group LFL Revenue Monthly Metrics for Q1 2024
Note: Q1 2024 LFL metrics are calculated based on 76 O`KEY and 194 DA! stores.
The Group’s net retail revenue grew by 7.2% YoY to RUB 52,252 mln, driven by both O’KEY hypermarkets’ and DA! discounters’ performance in Q1 2024. Net retail revenue of O`KEY hypermarkets rose by 2.8% YoY to RUB 35,487 mln in Q1 2024, on the back of LFL revenue growth despite of a decrease in the selling space. O’KEY LFL revenue increased by 3.7% YoY due to stronger customer demand and higher number of items in the basket in Q1 2024. DA! discounters net retail revenue rose by 17.9% YoY growth to RUB 16,765 mln in Q1 2024, driven by 7.6% LFL revenue growth and the chain’s expansion. The discounters’ share in the Group’s revenue rose by 2.9 pps YoY and reached 32.1% in Q1 2024.
Group Stores and Selling Space in Q1 2024
In Q1 2024, the Group did not open any new stores. As of 31 March 2024, the Group operated 77 O`KEY hypermarkets and had 220 DA! discounters in its store protfolio, with a total selling space of 661,149 sq m.
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ABOUT O`KEY GROUP O`KEY Group S.A. (AIX, LSE, MOEX: OKEY) is one of the leading grocery retailers in Russia, operating hypermarkets under the O`KEY brand and discounters under the DA! brand. As of 31 March 2024, the Group had 297 stores across Russia (77 hypermarkets and 220 discounters) with a total selling space of 661,149 sq m. O`KEY opened its first hypermarket in St Petersburg in 2002 and has since demonstrated continuous growth. It was the first Russian food retailer to launch e-commerce operations offering a full range of hypermarket products for home delivery. The Group operates e-commerce pick-up and delivery points in 70 O’KEY hypermarkets across the country. In 2015, we launched the first discount chain in Russia under the DA! brand. The Group operates five distribution centres in Russia – three in Moscow and two in St Petersburg – and employs 19,200 people. In 2023, the Group’s revenue amounted to RUB 207.9 bn, and EBITDA reached RUB 17.0 bn. The O`KEY Group shareholder structure is as follows: NISEMAX Co Ltd – 49.11%. GSU Ltd – 34.14%, free-float and other holders – 16.75%. DISCLAIMER These materials contain statements about future events and expectations that are forward-looking statements. These statements typically include words such as ‘expects’ and ‘anticipates’ and words of similar import. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||