O`KEY GROUP announces operating results for Q3 2019 and 9M 2019

O`KEY GROUP ANNOUNCES OPERATING RESULTS FOR Q3 2019 AND 9M 2019

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9M 2019 operating highlights

  • Underlying Group net retail revenue, excluding the effect of the supermarket business sale, increased by 3.6% YoY. Group net retail revenue increased by 2.9% YoY, from RUB 113,697 mln to RUB 117,003 mln
  • Underlying net retail revenue generated by O`KEY hypermarkets increased by 0.8% YoY. Net retail revenue generated by O`KEY hypermarkets increased by 0.1% YoY, from RUB 104,092 mln to RUB 104,162 mln
  • Net retail revenue generated by DA! grew by 33.7% YoY to RUB 12,840 mln
  • Like-for-like (LFL) net retail revenue of the Group increased by 1.3% YoY in 9M 2019, supported by continued growth of 1.9% in the LFL average ticket despite modest LFL traffic decline of 0.6% YoY
  • Like-for-like (LFL) net retail revenue generated by O`KEY hypermarkets was flat YoY as stable LFL average ticket growth of 2.6% YoY fully offset the decline in LFL traffic
  • Like-for-like (LFL) net retail revenue generated by DA! increased by 16.4% YoY in 9M 2019, driven by a 9.0% YoY increase in LFL traffic and a 6.8% YoY increase in the LFL average ticket
  • Five discounters (in the Moscow and Kaluga regions) were opened during the first nine months of 2019

Q3 2019 operating highlights

  • Underlying Group net retail revenue, excluding the effect of the supermarket business sale, increased by 4.4% YoY to RUB 38,077 mln, up from RUB 36,484 mln in Q3 2019. The revenue increase was supported by ongoing average ticket growth and moderate traffic uptrend
  • Underlying net retail revenue generated by O`KEY hypermarkets increased by 2.0% YoY to RUB 33,820 mln, driven by steady average ticket growth of 3.5% YoY
  • Net retail revenue generated by DA! grew by 27.5% YoY to RUB 4,257 mln, supported by steady growth in traffic (up 19.5% YoY) and average ticket (up 6.7% YoY)
  • Like-for-like (LFL) net retail revenue of the Group increased by 3.0% YoY due to a favourable pricing environment which resulted in higher LFL average ticket and almost flat YoY LFL traffic
  • Like-for-like (LFL) net retail revenue generated by O`KEY increased by 2.1% YoY, supported by continued average LFL basket growth of 3.3% YoY, while LFL traffic dynamics remained slightly negative (down 1.2% YoY)

  • Like-for-like (LFL) net retail revenue generated by DA! increased by 12.1% YoY, driven by a 3.8% YoY increase in LFL traffic and a 8.0% YoY increase in the LFL average ticket


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[1] Total selling space net of the 9,728 sq. m leased to Familia and other strategic partners.