O`KEY Group S.A. (AIX, MOEX: OKEY, the “Group” or the “Company”), one of Russia’s leading food retailers, has announced its unaudited operating results for Q4 and 12M 2024.
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12M 2024 operating highlights
- Group net retail revenuerose 5.5% YoY to RUB 217.1 bn.
- O`KEY hypermarkets’ net retail revenue was up 2.0% YoY to RUB 144.8 bn, driven by the chain’s LFL revenue growth.
- Online sales reached RUB 7.8 bn, remaining at 5.4% of O`KEY hypermarkets’ net retail revenue.
- DA! discounters’ net retail revenue went up by 13.3% YoY to RUB 72.3 bn, driven by an 8.0% LFL revenue increase and a 2.1% selling space expansion.
- DA! discounters’ share in Group net retail revenue reached 33.3%.
- The DA! discount chain added 4 stores (net of closures), bringing the Group’s total store count to 301, including 77 O`KEY hypermarkets and 224 DA! discounters, as at 2024-end.
Q4 2024 operating highlights
- Group net retail revenue was up 5.3% YoY to RUB 61.5 bn, driven mainly by LFL revenue growth.
- O`KEY hypermarkets’ net retail revenue rose 2.9% YoY to RUB 42.1 bn on the back of a 2.9% LFL revenue increase in the hypermarket segment.
- DA! discounters’ net retail revenue grew 10.9% YoY to RUB 19.4 bn, primarily due to 10.0% LFL revenue growth.
Key events in 2024
- In June, the Group delisted its global depositary receipts (GDRs) from the London Stock Exchange, with the GDRs transferred to the Level 2 Quotation List of the Moscow Exchange.
- In August, the Group completed the process of changing the depositary for its GDR programmes, appointing RCS Group as the new depositary.
- In December, the Group announced its intention to sell the O`KEY hypermarket business to its Russian management team. The Group’s Board of Directors considers this decision to be in the best interests of the Company and all of its shareholders and stakeholders. The transaction is subject to approval by Russian regulators.
In December, the Group announced that its GDRs would be transferred to the third listing tier on the Moscow Exchange from 3 January 2025 to comply with new amendments to applicable Russian legislation. The sole reason for the transfer of O`KEY GDRs to the third listing tier is a change in regulation by the Bank of Russia. The Group fully complies with all regulatory requirements of the Bank of Russia and the Moscow Exchange regarding information disclosure. The Group’s GDR programme continues to operate, and the changes do not affect the listing of Group GDRs traded on the Astana International Exchange (AIX).
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For further information please contact:
For investors:
Natalya Belyavskaya
Head of Investor Relations
+7 495 663 6677 ext. 266
natalya.belyavskaya@okmarket.ru
www.okeygroup.lu
For the media:
pr@okmarket.ru
EM (communications consultants to O’KEY Group)
Valeria Andreeva
+7 916 978 02 10
andreeva@em-comms.com