Business news from Ukraine


23 September , 2020  

Jysk Ukraine LLC (Kyiv), which develops a chain of stores of furniture and household goods (Denmark) in Ukraine, increased sales in Ukraine in the 2020 financial year (September 1, 2019-August 31, 2020) by 23.8% compared to the previous fiscal year, to UAH 2.319 billion.
“The fiscal year of 2020 has ended. Dramatic, unpredictable, but the best in Jysk history: despite the coronavirus, Jysk achieved a record turnover of EUR 4.1 billion, up 7.6% from FY 2019,” Executive Director of Jysk in Ukraine Yevhen Ivanytsia said on LinkedIn.
This is the result of strong pre-coronavirus sales in Europe and Asia and a significant increase in sales compared to the previous period in customer numbers after the company was allowed to reopen stores, he noted.
In particular, following the results of Jysk’s work in 2020 fiscal year in Ukraine, it posted a turnover of UAH 2.319 billion (23.8% more), 13 new stores were opened. Thus, currently there are 67 stores and an online store in Ukraine. The staff is 637 people.
As reported, Jysk Ukraine LLC plans to open 12 new objects annually, and in four financial years to increase the network to 100 stores.
The Jysk network began to develop in Ukraine in 2004 according to the franchising model. In 2012, the parent company bought out all the franchise stores and started developing independently.