O`KEY GROUP REPORTS 5.2% NET RETAIL REVENUE GROWTH, DA! DISCOUNTERS REVENUE GREW 22.1% IN Q4 2023

O`KEY Group S.A. (AIX, 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 2023.

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Q4 2023 OPERATING HIGHLIGHTS

  • Group net retail revenue grew by 5.2% YoY to RUB 58.5 bn, driven by positive LFL performance of both O’KEY and DA! chains, discounters’ expansion and O’KEY’s online sales growth.
  • O`KEY hypermarkets’ net retail revenue decreased by 0.7% to RUB 40.9 bn in Q4 2023 mainly due to a selling space decrease offset partially by an increase in LFL sales.
  • O`KEY’s total online sales rose by 25.1% YoY to RUB 2.3 bn, reaching 5.7% of O`KEY's net retail revenue.
  • DA! discounters' net retail revenue increased by 22.1% YoY to RUB 17.5 bn, led by both LFL net retail revenue growth and the chain’s expansion.

12M 2023 OPERATING HIGHLIGHTS

  • Group net retail revenue increased by 2.8% YoY to RUB 205.8 bn
  • O`KEY hypermarkets’ net retail revenue decreased by 3.4% YoY to RUB 141.9 bn due to a decrease in LFL revenue and selling space.
  • O`KEY’s total online sales rose by 24.0% YoY to RUB 7.7 bn, representing 5.4% of O`KEY's net retail revenue.
  • DA! discounters’ net retail revenue grew by 19.8% YoY to RUB 63.8 bn, led by LFL revenue and selling space growth.
  • DA! discounters’ share in the Group’s net retail revenue grew to 31.0%.
  • The Group opened 26 DA! stores, bringing the total to 220 by the end of 2023.

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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