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Russia's O'Key Group Sees 8.5% Revenue Decline In H1

Published on Sep 3 2018 8:59 AM in Retail tagged: Featured Post / Russia / X5 Retail Group / O’Key Group / Paywalll

Russia's O'Key Group Sees 8.5% Revenue Decline In H1

Russia's O'Key Group has posted an 8.5% decrease in revenue in the first half of its financial year, saying that this was triggered by the sale of its supermarket business.

Revenue at the group stood at RUB 78.2 billion, compared to RUB 85.5 billion for the same period the previous year.

Despite a 4.9% year-on-year decrease in EBITDA, the margin at the business increased by 17 basis points year-on-year, it said, 'driven by improved purchasing conditions and the increased efficiency of operations across the company'.

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