O'KEY Group S.A. (OKEY)
O'KEY Group S.A.: O'KEY Group announces appointment of new supply chain
director
20-May-2019 / 12:30 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Press release
20 May 2019
O'KEY GROUP ANNOUNCES APPOINTMENT OF NEW SUPPLY CHAIN DIRECTOR
O'KEY Group S.A. (LSE: OKEY; RAEX - 'ruA-') announces the appointment of
Sergey Shadrin as Supply Chain Director of O'KEY Group. He will be reporting
directly to the Group CEO, Armin Burger.
All materials published by the Group are available on its website
www.okeyinvestors.ru [1].
Mr Shadrin will take over as Supply Chain Director from Bojan Barisík as of
May 2019, and will be primarily focused on modernising and improving both
logistics and supply chain management.
Sergey Shadrin, 41, has broad experience in food retail supply chain
management. He began his career in 1999 at DANONE in Moscow, where he worked
his way up from a planning supervisor to Operations Performance Director.
For 14 years, Mr Shadrin held various executive positions at DANONE,
overseeing supply chain and logistics operations in Russia, Ukraine, Saudi
Arabia, and the CIS. From 2017 to 2019, he was the Supply Chain Director at
AUCHAN, Moscow.
Mr Shadrin holds a PhD degree in Economics from the Plekhanov Russian
University of Economics and an MBA from Vlerick Business School, Belgium. He
speaks Russian and English.
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 20 May 2019, the Group operates 164 stores across Russia (78
hypermarkets and 86 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:
Veronika Kryachko
Head of Investor Relations
+7 495 663 6677 ext. 404
Veronika.Kryachko@okmarket.ru
www.okeyinvestors.ru [2]
ISIN: US6708662019
Category Code: MSCM
TIDM: OKEY
LEI Code: 213800133YYU23T4L791
Sequence No.: 8702
EQS News ID: 813347
End of Announcement EQS News Service
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=7ad441f560aab3ddab6cb6992a455cc5&application_id=813347&site_id=vwd&application_name=news
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=84b74359656d56d98d524fc5103bc088&application_id=813347&site_id=vwd&application_name=news
(END) Dow Jones Newswires
May 20, 2019 06:30 ET (10:30 GMT)
