REG-O'KEY Group S.A. O`KEY GROUP REPORTS NET RETAIL REVENUE FOR Q1 2024

O'Key SAAnnouncement

26/04/2024 15:00

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   O'KEY Group S.A. (OKEY)
   O`KEY GROUP REPORTS NET RETAIL REVENUE FOR Q1 2024

   26-Apr-2024 / 16:00 CET/CEST

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   Press release

   26 April 2024
    

               O`KEY GROUP REPORTS NET RETAIL REVENUE FOR Q1 2024

    

   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 first quarter (Q1) of 2024.

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

    

    

   Q1 2024 operating highlights

     • Group net retail revenue 2  1  increased by 7.2% YoY to RUB 52.3 bn in
       Q1 2024, driven by revenue growth across all business segments.
     • O`KEY hypermarkets’ LFL retail revenue rose by 3.7% in Q1 2024.
     • DA! discounters’ net retail revenue  grew by 17.9% YoY to  RUB 16.8 bn
       in Q1 2024, driven  by a  7.6% LFL  revenue increase  and the  selling
       space expansion.
     • DA! discounters’ share in the Group’s  revenue rose by 2.9 pps YoY  to
       32.1% in Q1 2024.

    

   Operating review

   Group Net Retail Revenue in Q1 2024

   Net Retail Revenue, RUB mln (excl. VAT) Q1 2024 Q1 2023 YoY, %
   O’KEY Group                              52,252  48,725   7.2%
   O'KEY hypermarkets                       35,487  34,506   2.8%
   DA! discounters                          16,765  14,219  17.9%

    

   Group Net Retail Revenue Metrics for Q1 2024

   Net Retail Revenue, %            Q1 2024 vs Q1 2023
                         Net retail revenue Traffic Average ticket
   O’KEY Group                         7.2%    1.4%           5.7%
   O'KEY hypermarkets                  2.8%  (4.1%)           7.2%
   DA! discounters                    17.9%    9.0%           8.2%

    

    

    

    

    

    

   Group LFL Revenue Monthly Metrics for Q1 2024

                      January February 3  2   March  Q1 2024
   LFL revenue, % YoY
   O’KEY Group           3.3%           6.1%    5.1%    4.8%
   O'KEY hypermarkets    1.4%           5.0%    4.5%    3.7%
   DA! discounters       8.0%           8.6%    6.3%    7.6%
   LFL traffic, % YoY
   O’KEY Group         (3.2%)         (0.4%)  (2.9%)  (2.2%)
   O'KEY hypermarkets  (5.2%)         (1.6%)  (3.7%)  (3.5%)
   DA! discounters     (0.4%)           1.2%  (1.8%)  (0.4%)
   LFL average ticket, % YoY
   O’KEY Group           6.7%           6.5%    8.2%    7.2%
   O'KEY hypermarkets    6.9%           6.7%    8.6%    7.5%
   DA! discounters       8.4%           7.4%    8.3%    8.0%

   Note: Q1 2024 LFL metrics are calculated based on 76 O`KEY and 194 DA!
   stores.

    

   The Group’s net retail revenue grew by 7.2% YoY to RUB 52,252 mln,  driven
   by both O’KEY hypermarkets’ and DA! discounters’ performance in Q1 2024.

   Net  retail  revenue   of  O`KEY   hypermarkets  rose  by   2.8%  YoY   to
   RUB 35,487 mln in Q1 2024, on the back of LFL revenue growth despite of  a
   decrease in the selling space. O’KEY LFL revenue increased by 3.7% YoY due
   to stronger customer demand and higher number of items in the basket in Q1
   2024.

   DA! discounters net retail revenue rose by 17.9% YoY growth to
   RUB 16,765 mln in Q1 2024, driven by 7.6% LFL revenue growth and the
   chain’s expansion. The discounters’ share in the Group’s revenue rose by
   2.9 pps YoY and reached 32.1% in Q1 2024.

    

   Group Stores and Selling Space in Q1 2024

   Stores and Selling Space         Q1 2024  Q1 2023 Net change Change, %
   Number of stores, EoP                 297     276         21      7.6%
   O'KEY hypermarkets                     77      78        (1)    (1.3%)
   DA! discounters                 220 4  3      198         22     11.1%
   Total selling space (sq m), EoP   661,149 652,123      9,026      1,4%
   O'KEY hypermarkets                513,079 518,530    (5,451)    (1.1%)
   DA! discounters                   148,070 133,593     14,477     10.8%

    

   In Q1 2024, the Group did  not open any new  stores. As of 31 March  2024,
   the Group operated  77 O`KEY hypermarkets and  had 220 DA! discounters  in
   its store protfolio, with a total selling space of 661,149 sq m.

    

    

   For more information, please contact:

   Natalya Belyavskaya

   Head of Investor Relations

   +7 495 663 6677 ext. 266
                                       
    5 Natalya.Belyavskaya@okmarket.ru

    6 www.okeygroup.lu

    

    

   ABOUT O`KEY GROUP

   O`KEY Group S.A.  (AIX, LSE,  MOEX: OKEY) is  one of  the leading  grocery
   retailers in  Russia, operating  hypermarkets under  the O`KEY  brand  and
   discounters under the DA! brand.

   As  of   31 March   2024,  the   Group   had  297 stores   across   Russia
   (77 hypermarkets and  220 discounters)  with  a  total  selling  space  of
   661,149 sq m. O`KEY opened its first hypermarket in St Petersburg in  2002
   and has since  demonstrated continuous  growth. It was  the first  Russian
   food retailer to  launch e-commerce  operations offering a  full range  of
   hypermarket products  for home  delivery.  The Group  operates  e-commerce
   pick-up and delivery points in  70 O’KEY hypermarkets across the  country.
   In 2015, we  launched the  first discount chain  in Russia  under the  DA!
   brand. The Group operates five  distribution centres in Russia – three  in
   Moscow and two in St Petersburg – and employs 19,200 people.

   In 2023, the Group’s revenue amounted to RUB 207.9 bn, and EBITDA  reached
   RUB 17.0 bn.

   The O`KEY  Group shareholder  structure  is as  follows:  NISEMAX Co Ltd –
   49.11%. GSU Ltd – 34.14%, free-float and other holders – 16.75%.

   DISCLAIMER

   These materials contain  statements about future  events and  expectations
   that are forward-looking  statements. These  statements typically  include
   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  that  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.

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    7  1  Hereinafter, net retail revenue, LFL net retail revenue, and the
   average ticket metrics are provided net of VAT.

    8  2  LFL dynamics is not adjusted for a leap-year effect, i.e. there was
   an additional trading day in February 2024 compared to February 2023.

    9  3  Including 1 DA! store that was temporary closed for reconstruction
   from the end of January 2024 and to be reopened in the end of April 2024.

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:          US6708662019
   Category Code: QRF
   TIDM:          OKEY
   LEI Code:      213800133YYU23T4L791
   Sequence No.:  318306
   EQS News ID:   1890793


    
   End of Announcement EQS News Service

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