Page 62 - UKRRptJuly18

Ukraine's leading coal and power holding DTEK produced 1.85mn tonnes of coal in May 2018 (59.7 tonnes per day), which is 10.6% less than in April in average daily terms, and 4.2% less year-on-year according to Concorde Capital's estimates based on sector-wide data provided by the nation's Energy Ministry. The decline was led by DTEK’s biggest mining asset, Pavlohradvuhillia, whose daily output fell 11.8% month-on-month to 49.1 tonnes, Concorde reported on June 21. In January-May, DTEK mined 9.61mn tonnes of coal (1.0% less y.y), with Pavlohradvuhillia mining being 2.3% less y/y (8.03mn tonnes). "DTEK’s coal mining results are disappointing and fall short of its earlier announced plan to mine 24.6 mmt, or 7% more y/y," Concrde's Alexander Paraschiy wrote in a note. "To reach this target, DTEK should mine 70.0 tonnes per day in the year's remainder, which is 17% higher than May's result and exceeds any historical monthly high reached." Concorde believes DTEK’s coal mining will fail to reach its initial 2018 plan and will reach 23.5mn-23.9mn tonnes, or 3%-4% more y/y. Ukraine’s total mining of steam coal increased 2.1% y/y to 11.2mn tonnes in January-May.
9.2.11 Other sector corporate news
After strong growth last year, Germany’s Bosch expects to grow by 15-20% a year in Ukraine for the next five years, Vitaly Bulda, CEO or Robert Bosch Ltd Ukraine, tells Interfax-Ukraine. Last year’s sales of EUR 74mn “was the most successful in our history,” he says. In addition to an export-oriented car parts factory in Lviv, Bosch has 104 vehicle service stations across Ukraine.
Pharmacy sales in Ukraine in January-May 2018 in money terms grew by 38% y/y to UAH36.607bn . Sales in physical terms increased by 6% in January-May 2018, to 654.188mn packs, the Business Credit company told Interfax-Ukraine. Retail sales of medicines in money terms increased by 41%, UAH30.3563bn, sales in packages grew by 18%, to 454.508mn packs. In May 2018, pharmacy sales amounted to UAH6.579bn, which is 26% more than a year earlier; medicines sales increased by 28%, to UAH5.441bn, Inter-fax-Ukraine reports.
62 UKRAINE Country Report July 2018 www.intellinews.com