Business news from Ukraine

EPICENTER INCREASES REVENUES BY 21.3% IN H1, 2016

5 October , 2016  

KYIV. Oct 5 (Interfax-Ukraine) – Epicenter K LLC, part of the Epicenter group of companies (both based in Kyiv) and developing a network of eponymous hypermarkets in Ukraine, in January-June 2016 increased revenues by 21.3% compared to the same period a year earlier, to UAH 14.2 billion.

Epicenter K CEO Petro Mikhailishin voiced such data in an interview with the TOP 100 edition.

According to him, in 2015 the company increased revenue by 19.3% compared to 2014 and it amounted to UAH 27.8 billion.

Speaking about the plan for the development of the Epicenter network in 2016-2017, the CEO noted that, first of all, the company intends to invest in the construction of new and completion of already opened shopping centers, which now show a rapid growth trend.

“This year Epicenter K has opened the third shopping center in Lviv and started the reformatting of Epicenter hypermarkets in Chernivtsi, Ivano-Frankivsk, Odesa, and Mukacheve. We continue to launch small trade centers (ranging from 2,000 to 6,000 square meters) in district and regional centers. We have recently opened shopping center in Shepetivka and Bila Tserkva,” he said.