sur O'KEY Group S.A. (isin : US6708662019)
O'KEY Group's Net Retail Revenue Increases by 5.5% in 2024
O'KEY Group S.A., a prominent Russian food retailer, experienced a 5.5% rise in net retail revenue in 2024, reaching RUB 217.1 billion. The growth was fueled by a strong performance from its DA! discounters, which saw a 13.3% increase, amounting to RUB 72.3 billion. This segment's expansion accounted for 33.3% of the Group's total net revenue.
O'KEY hypermarkets also contributed, with a 2.0% increase in net retail revenue, totaling RUB 144.8 billion. Online sales remained steady, contributing RUB 7.8 billion or 5.4% of the hypermarkets' revenue. The Group's efforts to enhance its product assortment and marketing strategies played a crucial role in these results.
In 2024, notable changes included delisting from the London Stock Exchange and intentions to sell the hypermarket business to Russian management, pending regulatory approval.
R. H.
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