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Comfy, one of Ukraine's largest retailers of household appliances and electronics, continues to scale its business. The retailer opened its first store in Berdychev (Zhytomyr Oblast) with a total area of 725 square meters. Currently, the Comfy chain comprises 103 stores. At the beginning of 2024, the company opened its updated flagship store in the Ocean Plaza shopping center and resumed operations at the store in the Appolo shopping center in Dnipro, which was destroyed because of a direct missile strike by Russia in December of 2023. The Torba network management team has decided to sell most of its minimarket chain, Simeyna Lavka, to the Vinnytsia company, Alliance Osnova, which has 138 facilities in total. According to the terms of the agreement, all Simeyna Lavka store assets are now the property of the Vinnytsia retailer.
Epicentr continues to invest in Ukraine: The company will complete five shopping and entertainment centers and a logistics complex. The Epicentr K hypermarket chain plans to construct five shopping centers and a large logistics complex in Khmelnytskyi this year. The terms for putting these facilities into operation will depend on several factors, but the company plans to complete their implementation by the end of 2024, said Petro Mykhailyshyn, CEO of Epicenter K. According to him, the first stage of the complex in Khmelnytskyi will be 57,000 square meters, and further expansion is planned to 80,000. The Epicenter retail projects will create more than 1.5 million square meters of new retail space and more than 16,000 jobs. The company's future plans include constructing new shopping centers in Lviv, Kyiv, Dnipro, Odesa, Zaporizhzhia, and other cities and reformatting its outdated network facilities. In addition, the company plans to invest in the energy sector by buying gas-piston power plants with a total capacity of about 100 MW to power its enterprises and shopping centers.
A large Ukrainian electronics retailer plans to open five new stores and reformat the existing ones. In 2024, Citrus UA reformatted six stores in Kyiv, Dnipro, and Odesa. The chain's store reforms involve expanding the assortment of retail outlets with large and small household appliances. The retailer plans to carry out 14 more reformats and open five new stores by the end of the year.
9.2.6 Agriculture corporate news
Ukraine's largest chicken producer sees its profits decrease by 67%, and losses from the war reach $10M. MHP Agroholding, in the first quarter of the year, earned $16M in net profit, which is less than a third of the result from the first quarter of 2023 ($49M), according to a report from the London Stock Exchange. It is noted that the decrease is due to a loss from an exchange rate difference of $40M compared to a profit of $4M for the same period last year. The report indicates that the company's turnover in January-March this year decreased by 4% to $719M, in particular exports, by 2.6%, to $453M (63% of total turnover). It is also highlighted that the first quarter of the war-related expenses amounted to $10M compared to $6M in the first quarter of last year. As a result of shelling on May 17 in the Odesa region, a warehouse rented by the company for storing frozen chicken products was wholly destroyed, resulting in losses of $8M. The company has also purchased alternative power sources to maintain uninterrupted production in the event of power outages.
115 UKRAINE Country Report July 2024 www.intellinews.com