Russian retailer O’Key Group has said that weakened consumer sentiment,
rising inflation and increased competition were all factors that contributed to its reduction in revenue in full-year 2018.
The group said that underlying group revenue, excluding the effect of the sale of its supermarket business, fell by 1.1% for the year. IFRS Group revenue decreased by 8.4% year-on-year, to RUB 161.3 billion (€2.2 billion).
