ATB is the largest grocery supermarket chain in Ukraine, which has become a market leader thanks to innovation, effective management and large-scale development, writes IZ. The company continues to adapt to modern challenges, maintaining its position even in difficult economic conditions. Who owns ATB, what are its financial indicators and how is the company developing today?
Content
- History and foundation of ATB
- Who owns ATB?
- Company management and development
- Financial indicators and valuation
- How ATB changed during the war
- Digitalization and mobile application
- Charity and social responsibility
History and foundation of ATB
ATB Corporation dates back to 1993, when Gennady Butkevych, together with partners Yevgeny Ermakov and Viktor Karachun, started a business in Dnipro. Initially, the company was engaged in the production of meat products at the Yuvileyny combine, and later began to buy out old Soviet delis, transforming them into modern stores. The names of the first retail outlets were “Topol”, “Klen”, “Kalyna”, but when the options were exhausted, the chain was named ATB – an abbreviation of “AgroTechBusiness”.
Who owns ATB?
Today, the key owners of the company are:
- Gennady Butkevych
- Yevgeny Ermakov
- Viktor Karachun
These three businessmen shared a controlling stake and are the main shareholders of the chain.
Gennady Butkevych, Yevheniy Ermakov and Viktor Karachun. Photo: Ukrainian Retailers Association.
Company management and development
The Chairman of the Board of Directors of ATB-Market is Boris Markov . It is under his leadership that the company develops digital services, scales its activities, and adapts to modern market conditions.
Boris Markov. Photo: Forbes.ua.
As of 2024, the network employs 43,800 employees , making it one of the largest employers in Ukraine.
Financial indicators and valuation
ATB is the largest retailer in Ukraine with revenue of UAH 181.1 billion in 2023. Despite the overall growth, the company suffered losses of UAH 0.45 billion due to the war and economic challenges. In 2023, turnover increased by 18% .
ATB ranks 2nd among the 100 largest private companies in Ukraine according to Forbes. Although the exact value of the company is not officially disclosed, analysts estimate its market capitalization at billions of US dollars .
How ATB changed during the war
With the start of a full-scale war, the company's development rate has slowed significantly. Previously, ATB opened over 100 stores per year , but in 2024 it will open only 20 new outlets . Instead, the company has invested over UAH 700 million in energy security : the stores are equipped with generators and solar panels.
The number of employees decreased from 60,700 in 2021 to 43,800 in 2024. This is due to a 20% drop in sales and automation of processes in the network.
Digitalization and mobile application
ATB is actively developing digital services. In May 2024, the company launched an updated mobile application, which already has 1 million users . This is not just a store, but a real superapp , which includes:
- payment of utility bills,
- taxi call (252 services),
- access to 800 internet providers,
- purchase of transport cards for public transport.
In addition, the company is scaling the Scan-Buy payment service, which currently operates in 30% of stores, but plans to expand it to the entire network.
Charity and social responsibility
ATB actively supports charitable initiatives. In 2024, the company allocated:
- UAH 20 million to help the Okhmatdyt hospital;
- UAH 12 million for the reconstruction of a house in Lviv destroyed by Russian shelling.
We remind you that we previously wrote: who is the owner, management and capital of Roshen company