Regulatory Story
Go to market news section View chart   Print
O'KEY Group S.A.   -  OKEY   

O'KEY Group S.A.: Response to press publications

Released 10:15 12-Apr-2019

O'KEY Group S.A. (OKEY)
O'KEY Group S.A.: Response to press publications

12-Apr-2019 / 11:15 CET/CEST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


12 April 2019

 

 

RESPONSE TO PRESS PUBLICATIONS

 

O'KEY Group S.A. (LSE: OKEY; RAEX - 'ruA-') responses to press publications.

 

All materials published by the Group are available on its website www.okeyinvestors.ru.

 

The Board of O'KEY Group S.A. (the "Company") notes the recent press coverage and confirms that it is evaluating various directions for development and strategic options for the Company's hypermarket business, including an indication of interest in this business from Sberbank.

This evaluation is at a preliminary stage and no definitive proposals or decisions have been made.

Further announcements will be made if and when appropriate.

 

 

 

OVERVIEW

O'KEY Group S.A. (LSE: OKEY, RAEX - 'ruA-') operates under two main formats: hypermarkets under the 'O'KEY' brand and discounters under the 'DA!' brand.

As at 12 April 2019, the Group operates 162 stores across Russia (78 hypermarkets and 84 discounters). The Group opened its first hypermarket in St. Petersburg in 2002 and has since demonstrated continuous growth. O'KEY is the first among Russian food retailers to launch and actively develop e-commerce operations in St. Petersburg and Moscow, offering a full range of hypermarket products for home delivery. The Group operates six e-commerce pick-up points in Moscow and six e-commerce pick-up points in St. Petersburg. The Group operates four distribution centres across the Russian Federation - two in Moscow and two in St. Petersburg. As at 31 December 2018 the Group employs more than 20,000 people.

For the full year 2018, revenue totalled RUB 161,303,411 thousand, EBITDA reached RUB 8,644,008 thousand, and net loss for the period amounted to RUB 599,755 thousand.

The O'KEY shareholder structure is as follows: NISEMAX Co Ltd - 44.79%, GSU Ltd - 29.52%, free float - 25.69%.

 

 

DISCLAIMER

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

 

For further information please contact:

 

Anton Farlenkov

 

Corporate development director

+7 919 777 02 20

Anton.Farlenkov@okmarket.ru

www.okeyinvestors.ru

 

Veronika Kryachko

 

Head of Investor Relations

+7 495 663 6677 ext. 404

Veronika.Kryachko@okmarket.ru

www.okeyinvestors.ru

 



ISIN: US6708662019
Category Code: MSCH
LSE Ticker: OKEY
LEI Code: 213800133YYU23T4L791
Sequence No.: 8190
EQS News ID: 799407

 
End of Announcement EQS News Service

fncls.ssp?fn=show_t_gif&application_id=799407&application_name=news&site_id=acquiremedia_html
Close


London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

 


O'KEY Group S.A.: Response to press publications - RNS