March 29, 2018 / 12:12 PM / 6 months ago

BRIEF-Russia's O'Key says 2017 net profit at 3.2 bln roubles

March 29 (Reuters) - Russian food retailer O’Key Group SA says:

* 2017 net profit amounted to 3.167 billion roubles ($55.1 million) after a net loss of 138 million roubles in 2016

* EBITDA increased by 1 percent to 9.335 billion roubles

* EBITDA margin was flat year on year at 5.3 percent

* Total revenue grew 1.1 percent to 177.5 billion roubles

* Expects net retail revenue generated by the hypermarkets business to grow in low single digits in 2018, with new stores openings limited to two

* Says 2019 is expected to be a pivoting year for the business performance and in 2020 growth is expected to accelerate

* Expects net retail revenue generated by its discounters business to grow by approximately 50 percent in 2018

* Says EBITDA loss of the Da! discount stores is expected to decline by up to 50 percent year on year. Source text for Eikon: Further company coverage: ($1 = 57.5165 roubles) (Reporting by Moscow Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below