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At the same time, IKEA reaffirms its commitment to Ukraine and plans to open the first physical store in Kyiv as soon as possible after the launch of e-commerce.” The Swedish furniture giant made the decision to enter the Ukrainian market in 2017, but its plans to open a store in Kyiv’s Ocean Plaza shopping centre were never realized. Instead, IKEA has signed an agreement to open a store in the Blockbuster Mall.
Waikiki, the French-inspired, Turkish-owned fashion retailer plans to triple its Ukraine stores, to 90 by 2023​, the company reports. With 32 stores in Ukraine today, Waikiki plans to open in coming weeks its largest store ever – a two-level, 1,880 square meter store in River Mall, on Kyiv’s Left Bank. Founded in 1988, the chain now has more than 990 stores in 47 countries.
9.2.6​ Agriculture corporate news
● Kernel
Oilseed crushing volumes at Ukraine’s largest sunflower oil producer and grain trader​ ​Kernel​ rose 15.6% y/y to 1.57mmt in 1H FY20 (July-December 2019), according to its operational update published on January 21. The company’s total oil sales declined 17.5% y/y to 647 kt in 1H FY20. Kernel’s inland silos received 4.0mmt of grains and oilseeds, or a 4.0% y/y increase, while its export terminals throughput rose 28.9% y/y to 2.9mmt in 1H FY20. The company’s grain exports from Ukraine increased 24.1% y/y to 3.9mmt in 1H FY20.
● Astarta Holding
Ukrainian farmer and leading sugar producer​ ​Astarta​ reported 60.9 kt in sugar sales in 4Q19​, which is 16% more y/y. Its average sugar price in the quarter amounted to UAH9.7/kg, which is 1% better y/y but 4% less qoq. Its aggregate volume of key crop sales (wheat, corn, sunflower) was 339.3 kt in 4Q19, which is 29% more y/y. The crops’ average price decreased 12% y/y and 3% qoq. Its volume of soybean oil sales fell 34% y/y to 10.6 kt, while volume of soybean meal sold advanced 32% y/y to 44.8 kt. Its milk sales dropped 11% y/y to 21.9 kt, while milk price increased 8% y/y and 9% qoq to UAH10.3/kg.​ ​ ​ ​Based on its quarterly results, Concorde Capital calculates that Astarta sold 300.7 kt of sugar in 2019 (8% less y/y) at an average price of UAH10.0/kg (-5% y/y). Its total sales of three key crops surged 62% y/y to 1,145 kt in 2019, while their average price slid 12% y/y in UAHterms. Its amount of soybean oil and meal climbed 8% and 18% to 45.9 kt and 167.1 kt, respectively, while their prices fell 10% and 15%, respectively. Its milk sales decreased 9% y/y to 94.2 kt while milk prices improved 14% y/y to UAH9.4/kg in 2019.
Total sales of three key crops at Ukrainian farmer and leading sugar producer​ ​Astarta​ surged 62% year on year to 1,145 tonnes in 2019​, while their average price slid 12% y/y in UAH terms, according to calculations published by Kyiv-based brokerage Concorde Capital on January 28. Astarta reported 60.9 tonnes in sugar sales in the fourth quarter of 2019, which is 16% more y/y. The farmer's average sugar price in the quarter amounted to UAH9.7/kg, which is 1% better y/y but 4% less quarter on quarter. Its aggregate volume of key crop sales (wheat, corn, sunflower) was 339.3 tonnes
63​ UKRAINE Country Report​ February 2020 ​ ​www.intellinews.com