O`KEY Group announces operating results for Q1 2020

O`KEY Group S.A. (LSE: OKEY, the ‘Group’) announces its unaudited operating results for the first quarter of 2020.

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Q1 2020 operating highlights

• Group net retail revenue increased by 7.6% to RUB 42,427 mln (by 6.0% YoY if corrected for the leap year effect*) driven by an increase in traffic of 5.7% YoY and the average ticket of 1.8% YoY.
• Net retail revenue generated by O`KEY hypermarkets increased by 3.7% YoY (by 2.1% YoY*) to RUB 36,745 mln in Q1 2020, driven mostly by a 3.6% YoY increase in the average ticket.
• Net retail revenue generated by DA! grew by 42.6% YoY (by 40.7% YoY*) to RUB 5,682 mln in Q1 2020, supported by a steady growth in traffic of 29.9% YoY and the average ticket of 9.7% YoY.
• Like-for-like (LFL) net retail revenue of the Group increased by 7.2% YoY (by 5.5% YoY*) in Q1 2020 due to a 3.7% YoY increase in the LFL traffic and a 3.4% YoY increase in the LFL average ticket.
• Like-for-like (LFL) net retail revenue generated by O`KEY hypermarkets increased by 4.9% YoY (by 3.3% YoY*) in Q1 2020, driven by a 0.9% YoY increase in LFL traffic and a 4.0% YoY increase in the LFL average ticket.
• Like-for-like (LFL) net retail revenue generated by DA! increased by 27.2% YoY (by 25.5% YoY*) in 1Q 2020, driven by a 15.5% YoY increase in LFL traffic and a 10.1% YoY growth in the LFL average ticket.