Business news from Ukraine

“Silpo” has increased turnover by 6.1%

10 July , 2023  

Silpo-Food LLC, which is a part of Fozzy Group (Kiev) and which develops a network of food supermarkets Silpo in Ukraine, has increased turnover by 6.1% in 2022 compared to 2021 – up to UAH 62.4 bln.
According to Silpo Food’s annual management report for 2022, the company’s total revenue decreased by 3.8% compared to 2021 and amounted to UAH 70 bln. Long-term liabilities by the end of the year amounted to UAH 16 billion, current liabilities amounted to UAH 28.3 billion.
According to the results of 2022, the company increased its net loss by 4.1 times – up to UAH 7.6 billion. Gross profit decreased by 6.9% – to UAH 19.2 bln, operating loss increased 2.8 times – to UAH 1.1 bln.
As indicated in the report, at the end of last year, the network “Silpo” together with delicatessen markets Le Silpo had 305 supermarkets with a total area of 428 thousand square meters in 71 cities of Ukraine. A total of eight new supermarkets of the chain were opened in 2022. The work was suspended 18 supermarkets of the chain located in the temporarily occupied territory, 48 objects were restored after de-occupation and damage.
According to the report, in 2023 the company plans to expand its supermarket chain by 10 sites to 315 stores, and by 2025 to increase their number to 365 (excluding potentially de-occupied or reconstructed sites).
Silpo Food LLC was established in early August 2016. According to Opendatabot, the founder of the LLC is Closed Non-Diversified Venture Corporate Investment Fund “Retail Capital” (100%, Kiev), the ultimate beneficiary is Vladimir Kostelman.
As of June 2023, the Silpo chain has more than 309 supermarkets, including four Le Silpo delicatessen stores. It is part of the Fozzy Group trade and industrial group.
Fozzy Group is one of the largest Ukrainian retailers with more than 690 outlets throughout the country. The company develops retail chains of various formats: supermarkets Silpo, wholesale hypermarkets Fozzy Cash & Carry, convenience stores Fora, discounters Thrash!, pharmaceutical supermarkets Bila Romashka, personal electronics stores Ringoo.