Business news from Ukraine

McDonald’s to open 6 more restaurants in Ukraine this year

26 March , 2024  

FDI McDonald’s Ukraine Ltd, which is developing the McDonald’s fast food chain in Ukraine, plans to open six new restaurants in 2024, Yulia Badritdinova, CEO of McDonald’s Ukraine, Czech Republic and Slovakia, said at a press briefing on Tuesday.

“In 2023, we expanded our network to 101 restaurants, 10 of which are new restaurants. We have opened a new format – on the highway (near Zhytomyr and in Oleksandriya). These establishments are not just on the highway, they are tied to the city where we can hire staff and whose residents are also our customers. We plan to open at least six restaurants in 2024,” she said.

Badritdinova also said that one of the chain’s goals for this year is to achieve representation in each of the regions.

“There are two regions where we are not yet represented – Zaporizhzhia and Chernivtsi, and I hope we will open restaurants this year,” she said.

The first McDonald’s restaurant in Ukraine was opened on May 24, 1997 in Kyiv.

As reported, on September 20, 2022, McDonald’s began a phased opening of restaurants in Ukraine. By February 24 of the same year, the chain had 109 restaurants in 24 cities across the country. As of March 2024, there are 101 restaurants in operation.

At the end of 2023, it increased its revenue by 3.9 times compared to the previous year, to UAH 12.9 billion, according to Opendatabot.

According to the financial results for 2023, the company’s net profit amounted to UAH 1.29 billion, compared to a loss of UAH 2 billion in 2022.

The value of McDonald’s Ukraine Ltd’s assets amounted to UAH 5.54 billion, while the amount of liabilities increased 2.3 times to UAH 829.7 million.

The number of employees in 2023 increased by 7% to 9,614.

McDonald’s in Ukraine is a founding partner and the largest corporate partner of the Ronald McDonald House Foundation in Ukraine.

According to the Unified State Register of Legal Entities and Individual Entrepreneurs, the participant in FDI in McDonald’s Ukraine Ltd. is MCD Europe Limited (100%, London, UK).