O`KEY Group S.A. (AIX, LSE, MOEX: OKEY, the “Group” or the “Company”), one of Russia’s leading food retailers, today announces its unaudited operating results for the third quarter (Q3) and the first nine months (9M) of 2023.
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Q3 2023 OPERATING HIGHLIGHTS
- Group net retail revenue increased by 2.2% YoY to RUB 48.8 bn in Q3 2023, driven by discounter and online revenue growth.
- O`KEY hypermarkets’ net retail revenue decreased by 4.1% YoY to RUB 33.0 bn in Q3 2023 on the back of a 2.9% YoY selling space and a 1.8% LFL revenue decrease.
- O`KEY’s total online sales grew by 16.9% YoY to RUB 1.5 bn and accounted for 4.6% of the hypermarkets’ net retail revenue in Q3 2023.
- DA! discounters’ net retail revenue increased by 18.3% YoY to RUB 15.9 bn in Q3 2023, led mainly by store openings.
- DA! discounters’ share in the Group’s revenue rose by 4.4 pps YoY and reached 32.5% in Q3 2023.
9M 2023 OPERATING HIGHLIGHTS
- Group net retail revenue rose by 1.9% YoY to RUB 147.3 bn.
- O`KEY hypermarkets’ net retail revenue declined by 4.4% YoY to RUB 101.0 bn.
- O`KEY’s total online sales grew by 23.2% YoY to RUB 5.3 bn and reached 5.3% of O`KEY's net retail revenue.
- DA! discounters’ net retail revenue rose by 18.9% YoY to RUB 46.3 bn, driven by a 2.0% LFL net retail revenue increase and the chain’s selling space growth.
- In 9M 2023, the Group opened 25 DA! stores. As of 30 September 2023, the Group operated 219 DA! discounters and 77 O’KEY hypermarkets with a total selling space of 659 thousand sq m.
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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