O`KEY Group S.A. (LSE: OKEY, RAEX — ‘ruA-’), announces the opening of six new discounters under the DA! brand in December last year, in the Moscow and Tula Regions.
At the beginning of December, a new DA! store was opened in Dmitrovsky District (Moscow Region), on 13 December two stores were opened in Elektrogorsk (Moscow Region) and at Odoevsky Avenue in Tula, and three more stores were opened on 20 December at Novomoskovskoye Avenue in Tula, in Mytischi, and in Naro-Fominsk.
The development of discounters under the DA! brand is one of the main priorities of the O`KEY Group. Since the launch of the first discounter in 2015, this format has shown a continuing improvement in its financial performance. With the opening of 19 new DA! stores during 2018, the Group’s discounters’ chain now comprises 82 stores.
This rapid rate of store openings is in line with the Group’s strategic objective to actively expand the discounters’ format.
O`KEY Group S.A. (LSE: OKEY, RAEX – ‘ruA-’) operates under two main formats: hypermarkets, under the ‘O`KEY’ brand and discounters, under the DA! brand. The Group operates 159 stores across Russia. The Group opened its first hypermarket in St. Petersburg in 2002 and has since demonstrated continuous growth. O`KEY was the first among Russian food retailers to launch and actively develop e-commerce operations in St. Petersburg and Moscow, offering a full range of hypermarket products for home delivery. The Group operates four distribution centres across the Russian Federation. For the full year 2017, revenue totalled RUB 177,454,848 thousand, EBITDA reached RUB 9,334,993 thousand, and the net income for the period amounted to RUB 3,166,913 thousand. The O`KEY shareholder structure is as follows: NISEMAX Co Ltd – 50.95%, GSU Ltd – 29.52%, free float – 19.53%.
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