OKKO Group has renovated 91 filling stations in 2022-2024, said Nazar Kupibida, CFO of the group, during the XXII Ukrainian CFO Forum in Kyiv on Thursday.
In addition, since the beginning of the full-scale war, 37 damaged OKKO filling stations have been reopened, while another 19 stations were lost and closed.
Kupibida said that the group lost 18.5 thousand tons of fuel worth $21.3 million as a result of the shelling of its tank farms, and the total losses are estimated at $70 million. The shelling forced the group to work from the wheels, and the fleet of fuel trucks was doubled.
In the structure of OKKO’s sales ($2.303 billion) last year, 72% were fuel retail, 14% were fuel wholesale, 9% were non-fuel sales, and 5% were other.
In the structure of EBITDA ($231 million), 70% was fuel retail, 22% was non-fuel sales, 3% was fuel wholesale, and 5% was other.
In 2022-2024, the group raised $194.4 million in working capital financing, including UAH 3.7 billion (equivalent to $88.4 million) from state-owned banks, $47.1 million equivalent from international financial institutions (IFIs), and $58.9 million equivalent from private Ukrainian banks.
Financing of investments since the beginning of the full-scale war: bioethanol project – EUR 75 million, wind farm – EUR 160 million, core business – UAH 1.1 billion.
According to the group, in 2023, the retail market of petroleum products in Ukraine fell by 14.6% compared to 2021.
Last year, six companies accounted for 55% of the retail market coverage. The share of OKKO (405 filling stations) was 19.4%, WOG (368 filling stations) – 14.4%, BRSM (214 filling stations) – 6.7%, Avias (822 filling stations) – 5.7%, UKRNAFTA (459 filling stations) – 4.4%, UPG (81 filling stations) – 4.3%.
OKKO Group unites more than 10 diversified businesses in production, trade, construction, insurance, maintenance and other services. The flagship company of the group is Galnaftogaz, which operates one of the largest filling stations in Ukraine under the OKKO brand, with about 400 filling stations.
The group’s founder and ultimate beneficiary is Vitaliy Antonov.
