Revenue and net profit of the Roshen Confectionery Corporation increased in 2023 by 44% – to UAH 31.85 billion and UAH 5.64 billion, respectively. Forbes writes about this with a link to data from the YouControl analytical system.
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Profits of Roshen
The cost of products sold by the company last year increased to UAH 21.46 billion. In 2022, the company’s revenue amounted to UAH 22.13 billion, cost of products sold was UAH 15.32 billion, and net profit was UAH 3.93 billion.
The company’s sales and, accordingly, profits increased due to exports, said the president and co-owner of the Roshen company Vyacheslav Moskalevsky.
According to him, product exports in 2023 increased by about one and a half times. At the same time, Ukraine’s share in the structure of product sales fell.
In addition, the company’s operating results in 2022 were significantly affected by Russia’s full-scale invasion of Ukraine. In March 2022, Roshen stopped the work of two factories – in Kyiv and Boryspil, and reduced the capacity of factories in Vinnitsa and Kremenchug. Sales in the first months of the invasion fell five times, to 3,000 tons.
Help
Roshen includes Ukrainian factories (Kiev, Kremenchug, Boryspil and two production sites in Vinnitsa), Klaipeda a confectionery factory in Lithuania, Bonbonetti Choco Kft in Hungary, as well as the Vinnitsa dairy plant.
Roshen’s own chain covers 95 stores in 16 cities of Ukraine, according to the official website.
The ultimate beneficiary of the corporation is the son of ex-president Petro Poroshenko Alexey.
