Kormotech Group aims to generate more than half of its sales in foreign markets and reach a revenue of EUR 500 million by 2028.
These plans were announced by Yuriy Bykoriz, Managing Director of Kormotech’s Central and Eastern Europe region, in an interview withInterfax Ukraine.
“The Kormotech Group of companies finished 2024 with $162.7 million in turnover, which is 6.5% more than in 2023. Last year, we sold a total of 83 thousand tons of dry and wet diets for cats and dogs, which is almost 7.5% more than in 2023. In terms of total volume for the next five years, we want to grow by an average of about 30-35% per year to achieve our ambition of half a billion euros in revenue in 2028,” Bykoriz said.
At the end of 2024, the ratio in tons of products was 28% export / 72% domestic market.
According to Bykoriz, in the coming years, the growth rate abroad should be significantly higher than in Ukraine.
“By 2028, we want to have more than half of our volumes in foreign markets. We also have a super ambition to change the ratio and have two-thirds abroad and one-third in Ukraine,” he said.
According to Bikoriz, the focus of the coming years is on the markets of Central and Eastern Europe (CEE), primarily Romania, Bulgaria, the Baltic States, Poland and Greece.
