Rush LLC, the owner of EVA network in Ukraine, will allocate UAH 133.8 mln from net profit for the second quarter of 2024 for dividends.
According to the company’s message in the information disclosure system of the National Commission for Securities and Stock Market (NCSSM), a single participant of the LLC made the relevant decision on September 27.
Thus, the distribution of 35% of net profit received in the second quarter of 2024, which amounts to UAH 133.8 mln, was approved for dividends. Accrual of dividends will be carried out no later than six months from the date of the decision.
Earlier, in July, the company allocated UAH 148.8 mln from the net profit for the first quarter of this year for dividend payment.
Rush LLC, which manages the EVA network, was founded in 2002. As of June 31, 2024, the chain had 1,080 operating stores.
According to Opendatabot, the owner of Rush LLC is Cyprus-based Incetera Holdings Limited (100%), with Ruslan Shostak and Valeriy Kiptyk as the ultimate beneficiaries.
According to the results of 2023, the company’s revenue increased by 33.7% to UAH 21 billion compared to 2022, net profit – by 26% to UAH 2.2 billion, the value of assets – by 45.2% to UAH 15.03 billion. In 2023, EVA paid UAH 2.02 bln of taxes and fees to budgets of all levels.
In January-June 2024, Ukrainian grocer EVA opened 28 new stores, expanding its network to 1080 outlets in Ukraine.
According to the retailer’s press service, by the end of this year, it is planned to launch 30 more new EVA stores, mainly in the Women’s Energy chain format.
According to the chain, as of the end of June, e-commerce accounted for 14% of the chain’s sales. In addition, the assortment from third-party sellers on the Eva.ua marketplace already includes 10 thousand SKUs, with sales of over UAH 500 thousand.
In January-March, the total web traffic on the retailer’s platforms averaged 13 million sessions per month, which made it possible to generate 13-14 thousand online orders, the report says. Meanwhile, about a third of online orders are made through the EVA mobile app, and the number of app installations reached 4.2 million by the end of June.
According to the press release, the number of online ordering points currently stands at 1064 in 340 cities. By the end of the first half of 2024, the share of online orders delivered to the points of delivery by the retailer’s own transport reached 51%. Courier delivery is currently available in Kyiv, Lviv and Dnipro.
In the first half of the year, the company also expanded the warehouse area of the online store in Lviv by 2.6 thousand square meters (up to 24.8 thousand square meters). In addition, the company is building a new building, automating processes at its distribution center in Odesa and increasing the level of automation at its warehouses in Lviv and Brovary, the retailer said.
In January-March 2024, the amount of funds allocated to charitable and social initiatives by EVA and its customers amounted to UAH 18 million.
RUSH LLC, which manages the EVA chain, was founded in 2002. As of June 30, 2024, the chain had 1080 stores in operation.
According to Opendatabot, the owner of RUSH LLC is Insetra Holdings Limited (Cyprus, 100%), and the company’s ultimate beneficiaries are Ukrainian businessmen Ruslan Shostak and Valeriy Kiptyk.
According to RUSH’s financial results, the company’s revenue last year increased by 33.7% to UAH 21 billion, net profit by 26% to UAH 2.2 billion, and asset value by 45.2% to UAH 15.03 billion. In 2023, EVA paid UAH 2.02 billion in taxes and fees to the budgets of all levels.
UT Company, created by co-owners of EVA and Varus chains Valeriy Kiptyk and Ruslan Shostak, has won a tender of the State Logistics Operator (DOT) for the supply of food to military units in one of Ukraine’s regions, the press service of Terwin Group reports.
“Ukrainian Transparent Company has committed itself to supplying food to military units in one of Ukraine’s regions by offering the best conditions at the tender held by the State Logistics Service. This is a pilot project that will last for two months and will significantly save the state budget,” the press release says.
The company did not disclose the cost of the tender. According to Shostak, the company aims to help the state make the procurement process transparent and efficient.
“Our main task is to restore trust in the state and business pride in cooperation with the authorities. And I want to emphasize that we supply products directly from domestic manufacturers to soldiers without extra charges; we finance all administrative costs on our own, we do not add them to the price – this is our contribution,” Shostak was quoted as saying in the press release.
According to Forbes Ukraine, the supplies will be delivered to military units in Zaporizhzhia region.
As reported, in October 2023, 17 companies managed by Shostak, employing a total of 30,000 people, merged into TERWIN. These are Omega LLC, Rusch, Tervin Group, Tixid, Tavria Hub, Mizhtneva, Formsite, Digamma, Milton Group, Saltora Plus, Firm Ariant, Novoe Stroitelstvo 2017, Altair D, Apex H, Aspect D, Lattero, and the Ruslan Shostak Charitable Foundation. The total assets of the corporation are estimated at $1.6 billion. The total revenue of the companies in the pre-war period reached $2 billion, and in 2023 it was expected to reach $1.7 billion.
ARMED FORCES, EVA, FOOD, VARUS
The EVA chain of perfume and cosmetics stores opened 59 new stores and increased its turnover by 40% in 2023 compared to 2022, the company’s press service reports.
“While in 2022, the company’s efforts were more focused on maintaining its business, 2023 was a year of development for it. We increased the turnover in LFL stores by 40% compared to 2022. At the end of the year, we had about the same number of customers as in pre-war 2021, and lost 6.5% in transactions compared to it. These results were very difficult for us. But together with the whole country, we have gained a lot of experience – we have learned how to live in war and, even in such conditions, to move forward whenever possible,” said Olga Shevchenko, Executive Director of RUSH LLC (EVA stores and EVA.UA online store).
In 2023, the company opened 59 new outlets, mostly in the Women’s Energy design introduced at the end of last year. As of December 31, the chain had 1061 operating stores. Of these, 50 were Women’s Energy stores. In September, the company introduced a Skin Health Center with a range of dermatocosmetics from leading global brands in a shop-in-shop format. By the end of the year, two such outlets were operating in Dnipro and Kyiv. In December, the EVA Beauty store was tested in Kyiv’s Respublika Park shopping center.
“The first month of its operation exceeded our expectations. However, it is too early to discuss the results. The store is operating in test mode. We are still making improvements to it, and it should be the way we intended it to be by the end of the first half of the year,” Shevchenko said.
The company plans to open about 60 more stores in 2024. The planned investments in this area amount to about UAH 200 million.
In addition, in 2023, EVA launched six new retail outlets. Thus, the company’s private label portfolio includes 58 brands. This is more than 5000 SKUs in almost all categories represented in the chain’s assortment. In 2024, the company added beauty gadgets, professional gel polishes, and aroma diffusers to its private label portfolio.
In total, about 110 million units of private label products were sold during the year. The share of private label in the company’s total sales is 33.9% in physical terms and 22.8% in monetary terms.
To improve efficiency, EVA invests heavily in logistics development, including the construction and modernization of warehouse facilities. In Lviv, a new 9 thousand square meters warehouse for e-commerce is being built next to the existing warehouse. The area of the existing warehouses in Brovary and Lviv is being expanded by introducing mezzanines. An e-commerce hub was launched in Dnipro in September.
“We simplify and automate warehouse processes as much as possible, which speeds up the flow of orders through the supply chain,” said Olga Shevchenko.
She added that this is facilitated by our own selection system. In addition, the offline warehouses have implemented the Put to light system, which allows them to avoid using picking terminals, speed up the adaptation of new employees and increase productivity.
In 2024, the system is planned to be partially implemented in e-com warehouses. EVA also plans to automate storage systems: introduce AGV (Automated Guided Vehicle) and AS/RS (Automated Storage and Retrieval Systems).
In 2023, the project to build a logistics hub in Odesa resumed after a pause. The procurement of the necessary materials and structures, as well as other preparatory work, is ongoing. The area of the first stage of the Odesa hub should be 20 thousand square meters. Construction work will continue in 2025-2026.
Preliminary investments in logistics infrastructure in 2024 may amount to up to UAH 1.3 billion.
RUSH LLC, which manages the EVA network, was founded in 2002. It owns 52 private labels (PL), which are represented by household goods, perfumes, cosmetics, jewelry, personal care products, accessories, underwear, and children’s products. In 2022, the share of FMCG sales in physical terms was 30.6%. The company employs about 13.4 thousand people.
This year, the EVA chain of perfume and cosmetics stores plans to expand its product range from 120 thousand items to 180 thousand in 2024, and will invest from UAH 1 to 1.3 billion in logistics development, the EVA press service reports.
According to Sergiy Zinchenko, Director of the Logistics Department, to implement such large-scale tasks, the company is implementing new logistics projects, including automatic personnel management using data science.
“That is, the system understands which specialists have come to work, what their productivity is, and selects the most optimal places to work in the warehouse. We plan to implement it at all our distribution centers,” says Zinchenko.
Another area of focus is the expansion and automation of storage systems. According to Zinchenko, the company plans to introduce two automated systems: AGV (Automated Guided Vehicle) and Automated Storage and Retrieval Systems (AS/RS).
AGV is a system with robots that can automatically move racks. They will move towards a person, not vice versa. EVA wants to buy 20 such robots.
AS/RS are cranes that automatically collect the boxes of products necessary for order fulfillment and transfer them to the order processing area. Plans to purchase a Mini-load system
Zinchenko said that the company plans to expand its logistics real estate. Construction of another stage of 8 thousand square meters has begun in Lviv. In Odesa, the company plans to build a new facility for several phases, with the first phase covering 20 thousand square meters.
“The land plot was acquired before the start of the full-scale Russian invasion and now we have decided to unfreeze this project,” Zinchenko said.
They are also looking for a land plot or warehouses near Kyiv, not far from the existing facility in Brovary.
In general, he said, investments in the development of the logistics sector next year will amount to UAH 1 to 1.3 billion.
RUSH LLC, which manages the EVA network, was founded in 2002. It has 52 own trademarks (OTMs), which are represented by household goods, perfumes, cosmetics, jewelry, personal care products, accessories, underwear and children’s products. In 2022, the share of FMCG sales in physical terms was 30.6%. The company employs about 13.4 thousand people.
According to Opendatabot, the owner of RUSH LLC is Insetra Holdings Limited (Cyprus, 100%), and the company’s ultimate beneficiaries are Ukrainian businessmen Ruslan Shostak and Valeriy Kiptyk.
According to RUSH’s financial results, its net profit in 2022 increased by 16.7% to UAH 973.8 million, while the value of its assets decreased by 2.5% to UAH 10.3 billion. The EVA network’s turnover in 2022 decreased by 7% year-on-year to UAH 15.7 billion.
The chain of perfumery and cosmetics stores EVA plans to open up to 60 new stores in 2024, with estimated investments in this area amounting to about UAH 200 million.
The company’s press service told Interfax-Ukraine that the focus will remain on the development of the EVA.UA online platform.
By the end of 2024, the company plans to complete the construction of a new warehouse in Lviv, and in 2025, a large-scale logistics center in Odesa.
“We are planning to make them (logistics warehouses – IF-U) automated – with robots. We are still finalizing the necessary investments, but we already see that they will amount to billions of hryvnias. We continue to invest in the EVA business despite the war. Because we believe in Ukraine’s victory and that the country will be restored and people will return home,” the press service quoted Olga Shevchenko, Executive Director of RUSH LLC, as saying.
According to the release, since the beginning of the year, EVA has opened 31 new stores and reopened 29, including nine new stores and five reopened stores in the third quarter. As of the end of the third quarter, the chain has 1,035 operating outlets.
New stores are opened mainly in the Women’s Energy concept, which the chain presented last year in Vinnytsia. There are more than 30 such EVAs in total.
According to Viktor Serednyi, COO of RUSH LLC, there is also a gradual rebranding of existing facilities that need to be updated, but a complete rebranding of the entire chain is not yet in the cards.
“The cost of re-equipping one store to fit the new concept is about UAH 3 million. Opening a completely new store can cost from UAH 5 to 10 million, depending on the size,” he said.
By the end of the year, the company plans to open 26 new EVAs. In particular, a new flagship EVA beauty lab is to appear in the Respublika shopping center. This format will offer more cosmetics and perfumes, a dermatology center, professional hair care series and an expanded category of premium brands.
RUSH LLC, which manages the EVA chain, was founded in 2002. It has 52 own trademarks (OTMs), which are represented by household goods, perfumes, cosmetics, jewelry, personal care products, accessories, underwear and children’s products. In 2022, the share of FMCG sales in physical terms was 30.6%. The company employs about 13.4 thousand people.
According to Opendatabot, the owner of RUSH LLC is Korsolyushyn LLC (100%), and the company’s ultimate beneficiaries are Ukrainian businessmen Ruslan Shostak and Valeriy Kiptyk.
According to RUSH’s financial results, its net profit in 2022 increased by 16.7% to UAH 973.8 million, while the value of its assets decreased by 2.5% to UAH 10.3 billion. The EVA network’s turnover in 2022 decreased by 7% year-on-year to UAH 15.7 billion.
