Sweet success: Roshen Confectionery Corporation's revenue to grow by 44% in 2023

In 2023, the Roshen Confectionery Corporation, the main company of the Roshen group, reached a turnover of UAH 31.85 billion, according to YouControl data. The president of the Roshen company, Viacheslav Moskalevskyi, told Forbes that the increase in sales and, accordingly, profits was caused mainly by exports.

In 2023, Roshen's net income from product sales amounted to UAH 31.85 billion, while the cost of sales amounted to UAH 21.46 billion. Compared to 2022, when the company's turnover amounted to UAH 22.13 billion, and the cost price was UAH 15.32 billion, this represents a significant increase.

Roshen's net profit for 2023 amounted to almost UAH 5.64 billion, which is 43.5% more than in 2022.

According to Moskalevsky, the increase in sales and profit in 2023 was caused by an increase in export volumes. He also noted that exports have increased approximately one and a half times, and Ukraine's market share has decreased.

In March 2022, Roshen stopped the operation of two factories in Kyiv and Boryspil, and also reduced the capacity of factories in Vinnytsia and Kremenchuk. This led to a fivefold reduction in sales in the first months of the invasion to 3,000 tons. In the "Candy Industry top-100" rating of 2023, Roshen ranks 23rd with a sales volume of $800 million.

Roshen includes Ukrainian factories such as Kyivska, Kremenchuk, Boryspilska and two production sites in Vinnytsia, as well as foreign assets such as Klaipėda Confectionery Factory in Lithuania, Bonbonetti Choco Kft in Hungary, and Vinnytsia Dairy Plant.

In the middle of 2023, Roshen products disappeared from the shelves of "Auchan Ukraine" hypermarkets, due to the fact that the retailer continues to work in Russia, Moskalevsky noted in August 2023. This Auchan decision was made "for commercial reasons even before full-scale war".

The Roshen chain of stores has 95 points in 16 cities of Ukraine, 39 of them in Kyiv. In 2023, the company opened its first stores in Lutsk, Khmelnytskyi and Ivano-Frankivsk.

Roshen ranks first among the 20 largest companies in the food and beverage industry, and was also included in the ranking of the 200 largest private companies of Ukraine by Forbes.

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