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O'KEY Group S.A. (OKEY)
O'KEY Group S.A.: FITCH RATINGS AFFIRMS O'KEY RATING
16-Jan-2018 / 16:37 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Press release
16 January 2018
FITCH RATINGS AFFIRMS O'KEY RATING
O'KEY Group S.A. (LSE: OKEY, the "Group"), one the leading food retailers in
Russia, announces that the Fitch Ratings has affirmed its credit rating.
All materials published by the Group are available on its website
www.okeyinvestors.ru [1].
The Long-term foreign and local-currency Issuer Default Rating (IDRs) is
affirmed at 'B+'. The outlook on the rating is Stable.
COMPANY OVERVIEW
O'KEY Group S.A. (LSE: OKEY, Fitch - 'B+') is one of the largest retail
chains in Russia. The Company operates under two main formats: hypermarkets
under "O'KEY" brand and discounters under the "DA!" brand.
As of January 16, 2018, the Group operates 145 stores across Russia. 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 Company operates 4 distribution centers across the Russian
Federation.
For the full year 2016, revenue totaled RUB 175,470,671 ths, EBITDA reached
RUB 9,253,206 ths, and net loss for the period amounted to RUB 137,790 ths.
O'KEY shareholder structure is as follows: NISEMAX Co Ltd - 50.95%, GSU Ltd -
29.52%, free float - 19.53%.
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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:
Veronika Kryachko
Head of Investor Relations
Tel.: +7 495 663 6677 ext. 404
e-mail: Veronika.Kryachko@okmarket.ru
ISIN: US6708662019
Category Code: MSCM
TIDM: OKEY
Sequence No.: 5115
End of Announcement EQS News Service
645855 16-Jan-2018
1: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=84b74359656d56d98d524fc5103bc088&application_id=645855&site_id=vwd&application_name=news
(END) Dow Jones Newswires
January 16, 2018 10:38 ET (15:38 GMT)
