O`KEY Group S.A. (LSE: OKEY, the ‘Group’) announces that RAEX (Expert RA, the ‘Agency’) has affirmed O`KEY LLC, the main operating subsidiary of O`KEY Group S.A., a credit rating of ‘ruA-’. The outlook of the rating is Stable.

All materials published by the Group are available on its website www.okeygroup.lu

The rating reflects the Group’s stable position in Russian food retail and strong liquidity metrics, as well as high quality of corporate governance and risk management.

The Agency noted an improvement in the Group's revenue and profitability indicators for 2019, as well as a decrease of the total debt level and improved diversification of the debt portfolio.

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.

As of July 3, 2020, the Group operates 176 stores across Russia (77 hypermarkets and 99 discounters). The Group opened its first hypermarket in St. Petersburg in 2002 and has since demonstrated continuous growth. O`KEY is 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 six e-commerce pick-up points in Moscow and six e-commerce pick-up points in St. Petersburg. The Group operates four distribution centres across the Russian Federation – two in Moscow and two in St. Petersburg. The Group employs more than 20,000 people.

For the full year of 2019, revenue totalled RUB 165,086,202 thousand, EBITDA reached RUB 14,061,431 thousand, and net income for the period amounted to RUB 746,958 thousand.

The O`KEY shareholder structure is as follows: NISEMAX Co Ltd – 44.79%, GSU Ltd – 29.52%, free float – 25.69%.

These materials contain statements about future events and expectations that are forward-looking statements. These statements typically contain words such as ‘expects’ and ‘anticipates’ and words of similar import. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

None of the future projections, expectations, estimates or prospects in this announcement should be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects have been prepared are correct or exhaustive or, in the case of the assumptions, fully stated in this announcement. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.

For further information please contact:
Natalya Belyavskaya
Head of Investor Relations
+7 495 663 6677 ext. 266