O`KEY Group S.A. (AIX, MOEX: OKEY, the “Group”), one of Russia’s leading food retailers, has announced its financial results for the full year of 2024 based on its audited consolidated financial statements.
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FY 2024 FINANCIAL HIGHLIGHTS
- Total Group revenue increased by 5.5% YoY to RUB 219.4 bn, driven mainly by LFL net retail revenue growth from both O’KEY hypermarkets and DA! discounters.
- Group gross profit rose by 7.9% YoY to RUB 51.4 bn, while gross margin grew by 0.5 pps to 23.4%, led by efficient procurement and shrinkage cost management.
- Group EBITDA increased by 20.3% YoY to RUB 20.5 bn, while EBITDA margin grew by 1.1 pps to 9.3% due to improved profitability in both business segments.
- O’KEY hypermarkets’ EBITDA increased by 6.2% YoY to RUB 13.4 bn, while EBITDA margin rose by 0.3 pps to 9.1%, driven by revenue growth and optimisation of operating expenses.
- DA! discounters’ EBITDA surged by 61.0% YoY to RUB 7.1 bn, while EBITDA margin rose 2.8 pps YoY to 9.7% in FY 2024. This was driven by both optimisation of operating expenses and a higher share of mature DA! stores in the Group’s portfolio.
- The Group reported a net profit of RUB 2.0 bn in FY 2024, compared to a net loss of RUB 2.9 bn in FY 2023.
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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