The leading wholesale companies earned more than UAH 535 billion in 2023, according to the Opendatabot Index. The rating includes companies that trade in tobacco products, agricultural products, metal, pharmaceuticals, and food. Such giants as Philip Morris Sales and Distribution, Rinat Akhmetov’s DTEK Trading and West Petrol Market dropped out of the ranking.
The total revenue of the top 10 wholesale companies amounted to UAH 535.34 billion in 2023. Earnings of the top 10 businesses in the Opendatabot Index increased by 17% compared to last year’s leaders.
For the third year in a row, Kernel Trade has been at the top of the ranking despite a 9% decrease in revenue to UAH 62.06 billion. This company, a part of Andriy Verevsky’s Kernel Group, is engaged in the wholesale of grain and sunflower oil. At the same time, the company’s net profit decreased by 15% to UAH 4.37 billion.
It is worth noting that at the end of April this year, the company changed its business line in the registers from wholesale trade to oil production.
Okko Express, a newcomer to the market established in September 2022, moved up to second place. Its revenue in 2023 amounted to UAH 61.89 billion, and its net profit reached UAH 1.15 billion. This fuel trading company ousted another UIG Group company, Okko Business Partner, from its position.
Tedis Ukraine, a member of the Kaufman family group, is in third place. Its revenue decreased by 5% to UAH 61.53 billion, and the company suffered a loss of UAH 539 million. The company is engaged in the wholesale trade of tobacco products.
The fourth place went to Badm, a company specializing in the wholesale of pharmaceuticals owned by Oleksandr Dytiatkovsky and Oleksandr Sukhodolsky. The company increased its revenue by 29% to UAH 56.73 billion, and its profit doubled to UAH 3.89 billion in 2023.
Another pharmaceutical company, Optima Pharm, held the fifth place in the ranking with revenue of UAH 56.73 billion. This is 28% more than in 2022. The owner of the company, which managed to increase its profits by 1.7 times last year, is Andriy Gubsky.
Yuriy Kosyuk’s MHP moved from 4th to 6th place in the Index, despite a 12% increase in revenue to UAH 50.65 billion. However, the company suffered a loss of UAH 1 billion in 2023.
Among the new entrants to the Opendatabot 2024 Index is DL Solution, established in August 2022 and owned by Israeli citizen Ari Weber. The company’s main activity is the wholesale of tobacco products. The company was ranked 7th with revenues of UAH 50.65 billion and net profit of UAH 61.36 million.
VOG Resource, a part of the Continuum group of Sergey Lagur and Stepan Ivakhiv, was ranked eighth, trading in fuel. The company increased its revenue by 30% to UAH 50.13 billion and showed the highest increase in net profit among competitors – 7 times to UAH 275 million.
Fozzy Commerce showed the largest revenue growth, rising to 9th place, increasing its revenue 7 times to UAH 41.85 billion. At the same time, the company’s net profit decreased by 10 times compared to the previous year. The company is part of Vladimir Kostelman’s Fozzy Group.
Rinat Akhmetov’s Metinvest-SMC closes the rating with a revenue of UAH 40.71 billion, up 36% from the first year of full-scale operations. Last year, the company, which wholesales metal and steel structures, made a profit of UAH 881.55 million, up almost a third from 2022.
Who dropped out of the ranking?
Three companies engaged in fuel wholesale dropped out of the top 10 list: Okko Business Partner, DTEK Trading, and West Petroleum Market. Philip Morris Sales and Distribution also left the ranking, despite a 36% increase in revenue in 2023.
https://opendatabot.ua/analytics/index-wholesale-trade-2024
Which market leaders increased their wealth in the first year of the full-scale invasion?
The revenues of the top 10 mining companies decreased by 14% in the first year of the full-scale war, according to the Opendatabot Index. In total, the market leaders earned UAH 295.15 billion over the year. These are companies engaged in the extraction of iron ore, natural gas, and coal. Six out of ten companies are owned by Rinat Akhmetov, and the leader in the sector is the state-owned Ukrgazvydobuvannya.
The leading companies in the extractive industry earned UAH 295.15 billion. This is 14% less than in 2021, when these businesses earned UAH 343.24 billion. Almost half of the total income of the leaders is accounted for by 3 natural gas companies.
The state-owned company Ukrgazvydobuvannya was the top performer, with revenue of UAH 86.38 billion. This is 29% of the total revenue of the top 10. At the same time, the company’s earnings fell by 4% compared to 2021.
It is worth noting that 6 of the top 10 companies belong to Rinat Akhmetov’s SCM Group. These companies accounted for 54% of the total revenue of the top 10 companies – UAH 159.57 billion.
Three of Akhmetov’s companies in the ranking increased their revenues and moved up in the ranking. These are:
– DTEK Pavlohradvuhillya increased its revenues by 1.8 times, taking the second position or UAH 44.2 billion,
– Pokrovskoye Mine Administration (UAH 38.47 billion) earned 1.8 times more, moving up to the 3rd place in the ranking,
– Naftogazvydobuvannya’s revenues increased by 2.3 times to UAH 35.99 billion. This is the __ position in the ranking
On the contrary, the revenue of 3 other SCM Group companies engaged in iron ore mining has significantly decreased compared to 2021:
– by almost 4 times at Northern GOK, to UAH 13.8 billion
– by more than 3 times, to UAH 12.7 billion, at Inguletsky GOK,
– by one third – at Central GOK (UAH 14.3 billion).
Ukrnaftoburinnya, previously owned by Ihor Kolomoisky, Vitaliy Khomutynnik and Pavlo Fuks, which was transferred to the ARMA by a court decision, was included in the ranking in 2022. This is despite the fact that in 2022 it received 25% less revenue compared to 2021 – UAH 9.7 billion.
The last 2 companies in the top are engaged in the extraction of iron ore and belong to the FERREXPO group (Kostiantyn Zhevago), which reduced their revenues last year. These are Poltava Mining, whose earnings decreased by 2 times, and Yeristovo Mining, whose revenue fell by 16%. Together, these two companies earned UAH 39.48 billion.
The Opendatabot index is an analytical tool for assessing the real situation and geography of Ukrainian business based on data from state registers, Opendatabot registers, financial statements of companies, information on ties with Russia, sanctions lists and other analytical tools of Opendatabot.
https://opendatabot.ua/analytics/index-mining_industry-2023
Opendatabot Index, Pavlohradvuhillya, Pokrovskoye Mine Administration, RINAT AKHMETOV, SCM GROUP, UKRGAZVYDOBUVANNYA
