Large Ukrainian cable plant Odeskabel plans to produce and sell LAN-cables for UAH 570 mln, which is 45.8% more than in 2022, and keep output of fiber-optic cables (FOC) at last year’s level – not less than UAH 284 mln.
Such plans are outlined by the company in the financial report published in the information disclosure system of the Securities and Stock Market Commission (SSMSC).
“Priority areas for development and further investment remain fiber-optic, LAN cables and power wires,” the document says.
Power cables, wires and cords, including reinforced wires are planned to produce not less than UAH 860 million.
In addition, it is planned to output communication cables in the amount of 65,3 mln hryvnias, radio-frequency cables in the amount not less than 49 mln hryvnias, and heating cables in the amount of 40 mln hryvnias.
The company states that due to the military aggression of the Russian Federation against Ukraine, a decrease in production and sales was registered in 2022 for the main types of cable products, i.e. the share of fiber optic cables and LAN-cables decreased, but the share of power (energy) and other cables increased.
Commodity output of LAN-cable amounted to 46 thousand ukm 391 million UAH, which is 49.2% less than a year earlier, and the volume of sales decreased by 49.8%.
“LAN-cable was exported to 17 countries, and the share of its export was 46.8% of total sales of this type of product,” notes Odeskabel.
Fibre-optic cables were produced 279.9 thousand ukm for 283.4 million UAH, which is 23.7% less than in 2021, and the main markets were Ukraine, Slovakia and Moldova. A total of 149.8 million UAH worth of FOCs were exported.
“Due to the military aggression of the Russian Federation against Ukraine, the main types of cable products in 2022 marked a decline in production and sales, but despite this, an increase in production on four types of cable out of 22,” – noted in the document.
According to the report, net income of the company in 2022 decreased by 24.7% to 2021 – to UAH 1 billion 561 million, the loss made UAH 27.24 million against net profit of UAH 55.4 million.
The plant received UAH 326.74 mln in gross profit, which is 6.4% less than a year earlier, and operating profit was UAH 122.26 mln, which is 1.5% more.
In 2023, the company plans to export products worth at least UAH 590 mln, while in 2022 it exported products worth UAH 649.42 mln.
At the beginning of this year Odeskabel had concluded but not yet fulfilled contracts for 179.26 mln UAH.
According to the report, the most promising, popular in the domestic market and export-oriented types of cables are LAN-cables for structured cable systems and cables for computer networks, FOC, power cables of modern designs, sections and sets of heating.
“Fluctuations in demand for cable products depend on the activities of organizations for the construction of housing, industrial facilities and telecommunications networks. The most active sales periods are the second half of the first quarter, the second and third quarters,” the company notes.
The main consumers are telecom companies, private service providers of access to the Internet, cable TV and IPTV operators, enterprises of coal, mining and processing, power supply and intermediary companies.
By the beginning of this year, the company employed 858 people, 65 fewer than a year earlier.
