O’Key Group S.A. Sponsored GDR RegS (GB:OKEY) has released an update.
O’KEY Group S.A., a prominent Russian food retailer, reported a 7.2% year-over-year increase in net retail revenue, reaching RUB 52.3 billion in Q1 2024. The growth was attributed to the strong performance of both O’KEY hypermarkets and DA! discounters, with the latter experiencing a significant 17.9% increase in revenue, partly due to its expansion. Overall, DA! discounters now account for 32.1% of the Group’s total revenue.
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