from O'KEY Group S.A. (isin : US6708662019)
O`KEY GROUP NET RETAIL REVENUE GREW 5.5%, WITH DA! DISCOUNTERS’ REVENUE UP 13.3% IN 2024
O'KEY Group S.A. Press release 31 January 2025 O`KEY GROUP NET RETAIL REVENUE GREW 5.5%, WITH DA! DISCOUNTERS’ REVENUE UP 13.3% IN 2024
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.
All materials published by the Group are available on its website at www.okeygroup.lu.
12M 2024 operating highlights[1]
Q4 2024 operating highlights
Key events in 2024
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). Group operating review Group Net Retail Revenue in Q4 and 12M 2024
Group LFL Net Retail Revenue Performance in Q4 and 12M 2024
Note: Q4 2024 LFL metrics are calculated based on 77 O`KEY and 217 DA! stores.
Group Net Retail Revenue Monthly Metrics in Q4 2024
Group net retail revenue was up by 5.3% YoY to RUB 61,548 mln in Q4 2024 and by 5.5% YoY to RUB 217,125 mln for 12M 2024. This growth was largely due to higher LFL revenue from both retail chains and the expansion of the Group’s discounters. O`KEY hypermarkets’ net retail revenue grew by 2.9% YoY in Q4 2024 to RUB 42,111 mln, driven by corresponding LFL revenue growth. For 12M 2024, O`KEY hypermarkets’ net retail revenue increased by 2.0% YoY to RUB 144,781 mln, while their LFL revenue grew by 2.3%. O`KEY’s total online sales reached RUB 7,761 mln, remaining at 5.4% of O`KEY hypermarkets’ net retail revenue for 12M 2024. In early 2024, O`KEY’s management team was significantly strengthened by key appointments in operations, commerce, marketing, real estate management, non-commercial procurement, and other functions. Throughout 2024, the Company made comprehensive efforts to review and improve assortment across all product categories to further enhance its value proposition. These efforts were accompanied by changing the approach to displaying promotional products, reviewing the pricing and marketing support concepts, and many more. In Q4 2024, DA! discounters’ net retail revenue rose by 10.9% YoY to RUB 19,437 mln, driven by 10.0% LFL revenue growth and new store additions. For 12M 2024, DA! discounters’ net retail revenue grew by 13.3% YoY to RUB 72,344 mln, reaching 33.3% of Group net retail revenue. In 2024, DA! discounters’ management team maintained its focus on offering customers the best value for money in the market, with an emphasis on fresh and ultra-fresh, as well as on further enhancing its own brand portfolio. On top of that, the Company paid particular attention to further improving operational efficiency and optimising costs at DA! stores.
Group Stores and Selling Space in 12M 2024
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