O'KEY Group S.A. (OKEY)
O'KEY Group S.A.: RAEX (Expert RA) affirms O'KEY 'ruA-' rating with a stable
outlook
08-Jul-2019 / 13:29 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Press release
8 July 2019
RAEX (EXPERT RA) AFFIRMS O'KEY 'ruA-' RATING WITH A STABLE OUTLOOK
O'KEY Group S.A. (LSE: OKEY, the 'Group') announces that RAEX (Expert RA)
has affirmed O'KEY LLC, the main operating subsidiary of O'KEY Group S.A., a
credit rating of 'ruA-'. The outlook of the rating is Stable.
All materials published by the Group are available on its website
www.okeyinvestors.ru [1].
The rating reflects the Group's stable position within the Russian food
retail market, its strong liquidity and debt repayment capacity as well as
high standards of corporate governance and risk management .
RAEX (Expert RA) expects that in 2019-2020 the Group will demonstrate higher
profitability driven by the continuation of positive trends within the
discounter business.
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 08 July 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 [1]
ISIN: US6708662019
Category Code: MSCM
TIDM: OKEY
LEI Code: 213800133YYU23T4L791
Sequence No.: 12687
EQS News ID: 837769
End of Announcement EQS News Service
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=84b74359656d56d98d524fc5103bc088&application_id=837769&site_id=vwd&application_name=news
(END) Dow Jones Newswires
July 08, 2019 07:30 ET (11:30 GMT)
