KYIV. May 3 (Interfax-Ukraine) – The Ukrainian representative office of France’s GEFCO Group – GEFCO Ukraine – tentatively saw a 47% rise in turnover in 2016 compared to 2015, to UAH 230 million, GEFCO Ukraine CEO Oksana Yakovleva has said.
“Growth of turnover was 47%, to UAH 230 million. The company managed to double profit, despite the fact that 2014-2015 years were hard for the whole industrial sector of Ukraine, including for GEFCO. Nevertheless, the efforts to diversify our portfolio in 2015 were fruitful in 2016. In 2017 we plan to see at least 20% of growth of turnover. We are trying to grow and expand not only the portfolio of clients, but also attract new clients,” she told reporters in Kyiv on Thursday.
Yakovleva said the company plans to invest in creation of new jobs.
The top manager said that GEFCO Ukraine passed the crisis without workforce reduction.
She said that cargo flows have reoriented in the past three years, as earlier production in the country was mainly focused on the Russian market, and its loss triggered companies to look for new markets.
“Markets of African countries, North and Latin Americas, Kazakhstan, Uzbekistan, Kyrgyzstan and Georgia have been developed. Iran is disburdening from U.S. sanctions. It is also interesting for us, as some Ukrainian manufacturers have started shipments there,” she said.
Automobile products, spare parts, agricultural machinery and FMCG goods have the largest share of the company’s portfolio in Ukraine.
“The share of agricultural products was 10%, as Ukraine is a large exporter of raw materials. In general, we also work with supplies of agricultural machinery and spare parts for it,” Yakovleva said.
The company seeks to climb on the global logistics market in the future.
Commercial Director Andriy Miahkov said that the group also plans to bring its turnover to EUR 8 billion by 2020 from EUR 4.2 billion in 2015.
