PJSC Production Association Konti, one of the leaders in the Ukrainian confectionery market, ended 2024 with a loss of UAH 98.58 million, which is 6.8 times less than in 2023, according to the agenda of the general meeting of shareholders scheduled for April 15.
According to the published information, the shareholders plan to cover the losses at the expense of future years’ profits.
The shareholders are proposed to take into account, among other things, the conclusions of the audit report for 2024, the report of the executive body on the results of the reduction of the company’s equity capital, and to approve an action plan to improve the financial condition of the company.
According to the Opendatabot service, in 2024, PJSC PAO Conti’s revenue decreased by 29.6% to UAH 273.259 million, while its debt obligations decreased by 0.6% to UAH 1.604 billion. Assets depreciated from UAH 455.855 million to UAH 337.676 million. The number of employees decreased by 82 people to 182. The authorized capital of the company is UAH 54.052 million.
The company’s beneficiaries are Boris and Svetlana Kolesnikov, who own 24.99% of the shares. Among the shareholders with large stakes are Tatyana Akhmetova-Aydarova (6.9%), Sergey Kiy (9.9%), Vyacheslav Lyashko (9.9%), Raisa Tactasheva (7.4%), and Yucher LLC (9.9%).
PJSC Production Association Conti is one of the largest confectionery brands in Ukraine. The company was founded in 1997 in Konstantinovka, Donetsk region. The company’s assortment includes about 200 product names, including: sandwich cookies, complex desserts, boxed and weighted candies, sponge cake, rolls, bars, caramel, crackers and cookies. The company’s key brands are: Super Kontik, Bonjour KONTI, Timi, Amour, BiSKonti and Jack. It is sold in all regions of Ukraine and exported to more than 10 countries, including the USA, Germany, Poland, Latvia, Greece, Iraq, Georgia, Estonia, Moldova, etc.
Owner of one of Ukraine’s largest confectionery companies PJSC Production Association Konti (Donetsk region) Borys Kolesnikov plans to build a chocolate factory in the center of Ukraine. “We are thinking about expanding the range of both APK-Invest and Konti, and we want to build a large chocolate factory for Konti in the center of Ukraine, and several other APK-Invest production facilities, some of which will be unique for our country. I will not disclose details yet. As the construction is over, you’re invited to a ribbon-cutting ceremony,” the owner of the companies said in an interview with Radio NV.
As reported, PrJSC APK-Invest (Donetsk region), one of the largest pork producers in Ukraine, plans to increase pig population by 75%, to one million pigs. The company also intends to introduce several new technologies in agriculture, which are widely used in Western Europe and the United States, but are new not only for Ukraine, but also for many countries of Eastern Europe. APK-Invest (TM Myasna Vesna) is a vertically integrated agro-industrial company with a complete closed cycle for the production of chilled pork: from growing grain and making compound feeds to producing and selling meat products.
In 2017, APK-Invest increased its net profit by 3.5 times to UAH 889.1 million, net income by 37.9%, to UAH 2.664 billion.
According to the National Securities and Stock Market Commission’s information disclosure system, the direct owner of 98% of the PrJSC’s shares at the end of 2017 was Ukrinvest LLC, the beneficiaries of APK-Invest, according to the state register, are Borys Kolesnikov and his wife Svitlana. The Konti Group was founded in 1997. The main production assets are Donetsk, Kostiantynivka, Horlivka confectionery factories (Ukraine) and two factories in Kursk (Russia). The main brands are Bonjour desserts, SuperKontik and Belissimo cookies, BisKonti soft biscuits, Amour and Jack sweets.
