O`KEY Group S.A. (LSE, MOEX: OKEY, the “Group” or the “Company”), one of Russia’s leading food retailers, has announced its unaudited operating results for the fourth quarter (Q4) and the twelve months (12M) of 2022.
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12M 2022 OPERATING HIGHLIGHTS
- Group net retail revenue increased by 8.1% YoY to RUB 200.2 bn, driven by new store openings, strong LFL performance of DA! discounters and O`KEY’s online sales growth.
- O`KEY hypermarkets’ net retail revenue decreased by 2.3% YoY to RUB 146.9 bn, due to a LFL revenue decline, which was partially offset by revenue from new O`KEY stores.
- O`KEY total online sales rose by 32.6% YoY to RUB 6.2 bn, representing 4.2% of O`KEY's net retail revenue.
- DA! discounters’ net retail revenue surged by 53.2% YoY to RUB 53.3 bn, boosted by a 26.8% increase in LFL revenue and a 26.7% expansion in selling space.
- DA! discounters’ share in the Group’s net retail revenue grew by 7.8 pps YoY to 26.6%. In the medium term, the Group expects up to a half of its revenue to come from discounters.
- In 12M 2022, the Group opened four new O`KEY hypermarkets in the Moscow Region and completed a full renovation of a hypermarket in Sochi. By the end of 2022, the Company operated 79 hypermarkets, of which nine had been refurbished in line with the modern concept.
- The Group opened 43 DA! stores, bringing the total to 194 by the end of 2022.
Q4 2022 OPERATING HIGHLIGHTS
- Group net retail revenue grew by 2.9% YoY to RUB 55.6 bn.
- O`KEY hypermarkets’ net retail revenue decreased by 5.3% to RUB 41.2 bn in Q4 2022 amid softer consumer demand, macroeconomic slowdown due to continuing geopolitical and macroeconomic turbulences.
- The YoY revenue dynamics in Q4 2022 was also affected by the relatively high base of Q4 2021, which saw a boost in customer footfall and average basket size across the two chains after the COVID-related restrictions had been eased.
- DA! discounters' net retail revenue increased by 37.0% YoY to RUB 14.4 bn, supported by a 14.5% LFL net retail revenue growth and the chain’s expansion.
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For further information please contact:
Natalya Belyavskaya
Head of Investor Relations
+7 495 663 6677 ext. 266
natalya.belyavskaya@okmarket.ru
www.okeygroup.lu