PJSC Production Association Konti, one of the leaders in the Ukrainian confectionery market, ended 2024 with a loss of UAH 98.58 million, which is 6.8 times less than in 2023, according to the agenda of the general meeting of shareholders scheduled for April 15.
According to the published information, the shareholders plan to cover the losses at the expense of future years’ profits.
The shareholders are proposed to take into account, among other things, the conclusions of the audit report for 2024, the report of the executive body on the results of the reduction of the company’s equity capital, and to approve an action plan to improve the financial condition of the company.
According to the Opendatabot service, in 2024, PJSC PAO Conti’s revenue decreased by 29.6% to UAH 273.259 million, while its debt obligations decreased by 0.6% to UAH 1.604 billion. Assets depreciated from UAH 455.855 million to UAH 337.676 million. The number of employees decreased by 82 people to 182. The authorized capital of the company is UAH 54.052 million.
The company’s beneficiaries are Boris and Svetlana Kolesnikov, who own 24.99% of the shares. Among the shareholders with large stakes are Tatyana Akhmetova-Aydarova (6.9%), Sergey Kiy (9.9%), Vyacheslav Lyashko (9.9%), Raisa Tactasheva (7.4%), and Yucher LLC (9.9%).
PJSC Production Association Conti is one of the largest confectionery brands in Ukraine. The company was founded in 1997 in Konstantinovka, Donetsk region. The company’s assortment includes about 200 product names, including: sandwich cookies, complex desserts, boxed and weighted candies, sponge cake, rolls, bars, caramel, crackers and cookies. The company’s key brands are: Super Kontik, Bonjour KONTI, Timi, Amour, BiSKonti and Jack. It is sold in all regions of Ukraine and exported to more than 10 countries, including the USA, Germany, Poland, Latvia, Greece, Iraq, Georgia, Estonia, Moldova, etc.
