O`KEY GROUP REPORTS NET RETAIL REVENUE FOR Q1 2024
Source: EQS
Press release 26 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
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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 As of 31 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. None of the future projections, expectations, estimates or prospects in this announcement should be taken as forecasts or promises, nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects have been prepared are correct or exhaustive or, in the case of the assumptions, fully stated in this announcement. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements. [1] Hereinafter, net retail revenue, LFL net retail revenue, and the average ticket metrics are provided net of VAT. [2] LFL dynamics is not adjusted for a [3] Including 1 DA! store that was temporary closed for reconstruction from the end of Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. |
ISIN: | US6708662019 |
Category Code: | QRF |
TIDM: | OKEY |
LEI Code: | 213800133YYU23T4L791 |
Sequence No.: | 318306 |
EQS News ID: | 1890793 |
End of Announcement |
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