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par O'KEY Group S.A. (isin : US6708662019)

O`KEY GROUP REPORTS OPERATING RESULTS FOR Q3 2024

O'KEY Group S.A.
O`KEY GROUP REPORTS OPERATING RESULTS FOR Q3 2024

06-Nov-2024 / 07:45 CET/CEST
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Press release

6 November 2024
 

O`KEY GROUP REPORTS OPERATING RESULTS FOR Q3 2024

 

O`KEY Group S.A. (AIX, MOEX: OKEY, the “Group” or the “Company”), one of Russia’s leading food retailers, has announced its unaudited operating results for the third quarter (Q3) and the nine months (9M) of 2024.

 

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

 

Q3 2024 operating highlights

  • Group net retail revenue[1] increased by 4.4% YoY to RUB 51.0 bn, driven mainly by LFL revenue growth of both O’KEY hypermarkets and DA! discounters.
  • O`KEY hypermarkets’ net retail revenue grew by 1.0% YoY to RUB 33.3 bn on the back of a 1.0% increase in LFL revenue.
  • DA! discounters' net retail revenue went up 11.5% YoY to RUB 17.7 bn, led by a 7.8% increase in LFL revenue and the selling space growth.
  • DA! discounters’ share in the Group’s net retail revenue amounted to 34.7%.

9M 2024 operating highlights[2]

  • Group net retail revenue rose by 5.6% YoY to RUB 155.6 bn.
  • O`KEY hypermarkets’ net retail revenue was up by 1.6% YoY to RUB 102.7 bn, led by a 2.1% increase in LFL revenue.
  • DA! discounters’ net retail revenue grew by 14.3% YoY to RUB 52.9 bn, driven by a 7.2% LFL revenue growth and the chain’s expansion.

Key events in Q3 2024

  • In August, the Group completed the process of changing its depositary for the global depositary receipts (GDR) programs and appointed RCS Group as a new depositary effective from August 12, 2024.

The full text of the announcements is available at https://www.okeygroup.lu/press-center/press-releases/2024/1917/

 

 
 


[1] Hereinafter the net retail revenue, LFL net retail revenue, and online revenue metrics are provided net of VAT.

[2] Hereinafter the net retail revenue and LFL net retail revenue for 9M 2024 vs 9M 2023 is not adjusted for a leap-year effect, i.e. there was an additional trading day in February 2024 compared to February 2023.

 

 

 

Operating review

Group Net Retail Revenue in Q3 and 9M 2024

Net Retail Revenue, RUB mln (excl. VAT)

Q3 2024

Q3 2023

YoY, %

9M 2024

9M 2023

YoY, %

O`KEY Group

51,009

48,849

4.4%

155,576

147,312

5.6%

O`KEY hypermarkets

33,287

32,960

1.0%

102,670

101,013

1.6%

DA! discounters

17,722

15,889

11.5%

52,907

46,298

14.3%

 

Group Net Retail Revenue Monthly Dynamics in Q3 2024

 

July

Aug

Sept

Q3 2024

9M 2024

Net retail revenue, % YoY

O’KEY Group

4.9%

5.0%

3.3%

4.4%

5.6%

O'KEY hypermarkets

0.2%

2.3%

0.4%

1.0%

1.6%

DA! discounters

14.3%

10.7%

9.4%

11.5%

14.3%

Customer traffic, % YoY

O’KEY Group

1.9%

 (2.5%)

 (1.6%)

 (0.7%)

 (0.2%)

O'KEY hypermarkets

 (3.6%)

 (5.2%)

 (4.3%)

 (4.4%)

 (4.7%)

DA! discounters

8.3%

0.7%

1.4%

3.4%

5.3%

Average ticket, % YoY

O’KEY Group

2.9%

7.7%

5.0%

5.2%

5.8%

O'KEY hypermarkets

3.9%

7.9%

4.9%

5.6%

6.7%

DA! discounters

5.5%

9.9%

8.0%

7.8%

8.5%

 

Group Like-for-like Net Retail Revenue Performance in Q3 and 9M 2024

LFL Net Retail Revenue, %

Q3 2024 vs. Q3 2023

9M 2024 vs. 9M 2023

Net retail revenue

Traffic

Average ticket

Net retail revenue

Traffic

Average ticket

O’KEY Group

3.2%

 (2.5%)

5.8%

3.7%

 (3.0%)

6.9%

O'KEY hypermarkets

1.0%

 (4.4%)

5.6%

2.1%

 (4.4%)

6.8%

DA! discounters

7.8%

 (0.4%)

8.2%

7.2%

 (1.2%)

8.5%

Note: Q3 2024 LFL metrics are calculated based on 77 O`KEY and 210 DA! stores.

 

Group Stores and Selling Space in 9M 2024

Stores and Selling Space

9M 2024

9M 2023

Net change

Change, %

Number of stores, EoP

296

296

-

-

O`KEY hypermarkets

77

77

-

-

DA! discounters

219

219

-

-

Voir toutes les actualités de O'KEY Group S.A.