Space expansion and like-for-like sales gains resulted in higher sales and profits at Russian retailer O’Key Group during 2013.

The company said sales increased 18.8% last year, climbing to RUB134.9bn (US$3.8bn).

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Growth was propelled by an 8% rise in like-for-like sales, of which basket size contributed 7.5 points. The company increased selling space by 14.3%, opening eight hypermarkets and three supermarkets.

EBITDA totalled RUB11bn, up 17% on 2012. Net profit increased to RUB4.97bn, compared to RUB4.67bn in the previous year.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now