Business news from Ukraine

Business news from Ukraine

Kyiv Accounted for 35% of New Passenger Car Sales in Ukraine

Residents of Ukraine’s capital purchased 11,484 thousand new passenger cars from January through June of this year, and this regional market for new passenger cars remains by far the largest, according to a report by “Ukravtoprom” on its Telegram channel.

As previously reported, according to the association’s data, nearly 33,000 passenger cars were sold in Ukraine during the first half of the year, meaning Kyiv’s share accounts for 35% of total sales.

The Kyiv region ranked second in sales volume with 3,276 units, followed by the Dnipropetrovsk region with 2,273 units, the Kharkiv region with 1,852 units, and the Lviv region with 1,810 units.

In total, these regional markets accounted for 63% of new passenger car sales in Ukraine.

The best-selling model in these markets during the first half of the year was the Renault Duster compact crossover.

As reported, according to data from “Ukravtoprom,” sales of new passenger cars in January–June of this year rose by 0.5% compared to the same period in 2025, with vehicles equipped with traditional engines (gasoline and diesel) accounting for nearly 62% compared to 56.5% last year, while the share of electric vehicles fell to 8.3% from 18.9%.

According to the results for 2025, the top five regions by sales were Kyiv, Kyiv Oblast, Dnipropetrovsk Oblast, Odesa Oblast, and Lviv Oblast, followed by Kharkiv Oblast.

At the same time, Lviv Oblast recorded the highest number of registrations of used passenger cars imported from abroad last year.

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H&M Maintained Operating Profit at SEK 5.9 Bln in Second Fiscal Quarter

Swedish retailer H&M Hennes & Mauritz AB maintained its operating profit in the second quarter of fiscal year 2026 at nearly the same level as last year, despite a decline in sales in Swedish kronor, an improvement in gross margin, and a reduction in inventory.

According to the company’s report, H&M’s net sales for March–May totaled SEK54.828 billion, compared to SEK56.714 billion for the same period last year. In local currencies, sales were nearly at last year’s level, while in Swedish kronor, the figure was negatively impacted by the krona’s appreciation.

Gross profit in the second quarter was SEK31.045 billion, compared to SEK31.425 billion a year earlier, and the gross margin rose to 56.6% from 55.4%. The company attributed the margin improvement primarily to efforts to improve supply chain efficiency.

Operating profit, excluding one-time expenses, rose by 11% to SEK6.592 billion, and the corresponding operating margin increased to 12% from 10.4%. At the same time, operating profit including expenses amounted to SEK5.913 billion compared to SEK5.914 billion a year earlier, with an operating margin of 10.8% compared to 10.4%.

One-time restructuring costs for the quarter totaled SEK679 million and were related to organizational changes in the company’s sales markets and central commercial structures.

H&M’s net profit in the second quarter was SEK3.963 billion, compared to SEK3.962 billion a year earlier, with earnings per share of SEK2.49, compared to SEK2.48.

For the first half of fiscal year 2026, the group’s net sales declined to SEK104.435 billion from SEK112.047 billion; in local currencies, the decline was 1%. Operating profit for the first half of the year rose to SEK7.425 billion from SEK7.117 billion, while the operating margin increased to 7.1% from 6.4%. Net profit rose to SEK4.667 billion from SEK4.541 billion.

Cash flow from operating activities rose 24% in the second quarter to SEK10.591 billion and 15% for the first half of the year to SEK14.616 billion.

Inventory as of the end of May decreased by 10% to SEK34.942 billion from SEK38.817 billion a year earlier. In currency-adjusted terms, inventory decreased by 2%. The inventory-to-sales ratio for the past 12 months fell to 15.8% from 16.6%.

“Our long-term efforts have strengthened profitability and give us good opportunities to create even more value for our customers,” said H&M CEO Daniel Erver.

According to him, sales for the quarter were slightly below target, but profitability and the inventory situation developed positively. The company continues to streamline its organization, bring decision-making closer to the customer, and will begin upgrading its digital infrastructure in the second half of the year.

As of May 31, 2026, the H&M Group had 4,038 stores, compared to 4,166 a year earlier. In the first half of the year, the company opened 41 stores and closed 104. Online sales account for more than 30%.

In 2026, H&M plans to open about 90 new stores and close about 170. The company continues its expansion in Latin America: its first store in Rio de Janeiro opened in April; in the second half of 2026, H&M plans to enter the Paraguayan market, and in 2027, the Argentine market through a franchise.

H&M Group’s sales in local currencies in June 2026 are expected to be on par with the same month last year.

H&M Group is one of the world’s largest fashion retailers. The group includes the brands H&M, COS, Weekday, & Other Stories, ARKET, H&M HOME, and Sellpy.

The full version of the report is available at this link.

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Bosch in Ukraine increased sales to EUR 162 mln in 2025

Bosch, a leading global supplier of technology and services, ended the 2025 fiscal year in Ukraine with consolidated sales to third parties of nearly EUR162 million (UAH 7.6 billion), a 3.5% increase compared to the previous year, according to Serhiy Baranovsky, CEO of Bosch in Ukraine.

“Despite challenging macroeconomic and security conditions, the company maintained positive momentum thanks to stable demand, the expansion of its partner network, and active participation in Ukraine’s recovery projects. For us, it is important not only to grow our business but also to be a reliable partner that helps rebuild infrastructure and provides high-quality solutions for people and communities,” Baranovsky said at a press conference on Thursday.

In 2025, all of Bosch’s business sectors in Ukraine demonstrated growth, although growth rates varied across individual segments.

Growth in the Mobility segment, represented by the Mobility Aftermarket division (automotive parts and equipment), was driven by the development of service infrastructure, expanded distribution, and stable demand for automotive services. Four new “Bosch Auto Service” stations were opened in 2025; the network now comprises over 100 stations. According to Baranovsky, an additional driver of growth in 2025 was the rising demand for servicing used cars, as well as electric vehicles and hybrids.

In the Energy and Building Technology business sector, which includes the Bosch Home Comfort and Building Technologies divisions, Bosch demonstrated positive growth in 2025 thanks to rising demand for energy-efficient, autonomous, and infrastructure solutions. Bosch Home Comfort implemented over 70 projects in the commercial and industrial sectors during the year.

The highest demand was observed for gas equipment, air conditioning systems, industrial boilers, and hot water supply solutions, particularly in the context of infrastructure reconstruction and modernization. The company also expanded its portfolio by introducing a new generation of electric and gas water heaters and modern split-system air conditioners, while strengthening its commercial segment with Buderus solutions. In addition, the integration of climate solutions from Johnson Controls and Hitachi further expanded Bosch’s capabilities in the market.

The Building Technologies division continued to grow its business in the field of modern fire safety systems and security solutions. Growth was driven by the modernization and expansion of existing Bosch systems, particularly in healthcare facilities.

Growth in Power Tools, part of the Consumer Goods business sector, was driven by participation in infrastructure reconstruction and industrial projects, despite a decline in consumer spending. Throughout the year, the company strengthened its product portfolio by launching new professional power tools on the 18V platform, expanding its range of cordless garden equipment, and introducing a specialized line of measuring instruments for electricians and installers.

In the Industrial Technology business sector, the Bosch Rexroth division responded to the growing demand for production modernization following the relocation of enterprises.

Given the scale of Ukraine’s reconstruction needs, Bosch is focusing on solutions for energy independence and infrastructure modernization. Since 2022, the company has implemented over 50 reconstruction projects in the municipal and private sectors. Bosch supports the modernization of heating systems, supplies equipment for industrial enterprises, and implements projects aimed at improving energy efficiency. Among the key initiatives is a partnership with GIZ, which continues through 2026 and involves the installation of 13 modular boiler plants in frontline communities. The company also remains a key supplier of industrial steam boilers for new production facilities.

Over the past year, the workforce has grown by 3%, to approximately 370 employees.

In the current fiscal year, Bosch is focusing on strengthening its market positions, developing innovative solutions, and supporting key sectors of Ukraine’s economy, particularly regarding infrastructure reconstruction, energy efficiency, industrial modernization, mobility, and municipal services. At the same time, the company continues to explore the potential of new technologies in the local market, such as solutions based on artificial intelligence and energy-efficient technologies, and to develop its partner network and educational initiatives.

“We see growing demand for modern technological solutions and are actively responding to these changes by expanding our presence in new market segments. For us, 2026 will be a year of growth with a special focus on energy efficiency and modernization,” added Serhiy Baranovsky.

The Bosch Group has been operating in Ukraine since 1993 and is the largest supplier of solutions for the automotive industry and the aftermarket, as well as for industrial and household appliances.

The Bosch Group includes Robert Bosch GmbH, founded in 1886, and nearly 500 subsidiaries and regional companies in over 60 countries worldwide. Together with its sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world.

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Pharmacy sales in Ukraine rose by 11% in monetary terms

Pharmacy sales in Ukraine for the January–March 2025 period rose by 11.13% in monetary terms compared to the same period in 2025—to more than 60.245 billion UAH, while in volume terms they decreased by 4.8%—to nearly 270,958 thousand packages, the company “Business Credit” reported to the agency “Interfax-Ukraine,” citing data from a study.

According to the data, the weighted average price of the pharmacy basket of goods for January–March 2026 was 222.34 UAH per package, which is 16.78% higher than during the same period a year earlier.

At the same time, pharmacy sales of medicines during this period increased by 13.9% in monetary terms—to more than 48.426 billion UAH—and by 4.85% in volume terms compared to the same period in 2025, reaching nearly 211.947 million packages.

The weighted average retail price of medicines for the first two months of 2026 was 228.49 UAH per package, which is 8.63% higher than in January–March 2025.

At the same time, pharmacy sales of dietary supplements in the first three months of 2026 increased by 14.5% in monetary terms—to nearly 7.03 billion UAH—while sales in volume terms decreased by 14.97%, to 22.378 million packages. The weighted average price in this segment rose by 34.7%—to 314.13 UAH per unit.

As reported, pharmacy sales in Ukraine for 2025 increased by 14.23% in monetary terms compared to 2024—to more than UAH 220.287 billion, while in volume terms they decreased by 2.25%—to nearly 1.135 million packages. The weighted average price of items in the pharmacy basket at the end of 2025 was 194.68 UAH per package, which is 16.86% higher than a year earlier.

At the same time, pharmacy sales of medicines during this period increased by 12.79% in monetary terms—to nearly UAH 170.318 billion—while in volume terms, they decreased by 0.2% compared to 2024, to 808.546 million packages.

The weighted average retail price of medicines at the end of 2025 was 210.65 UAH per package, which is 13% higher than at the end of 2024.

The pharmaceutical company “Farmak” remains the leader in retail sales in 2025 among domestic companies, with sales of nearly 10.978 billion UAH. The top 5 also included the pharmaceutical company “Darnitsa” (7.473 billion UAH), “Kyiv Vitamin Plant” (KVZ, nearly 6.842 billion UAH), ‘Arterium’ (5.975 billion UAH), and “Pharma Star/Acino” (2.9 billion UAH).

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New passenger car sales in Ukraine rose by 3% in April

Ukrainians purchased approximately 6,200 new passenger cars in April 2026, which is 3% more than in April 2025 and 5% more than in March of this year, according to a report by Ukravtoprom on its Telegram channel.

Toyota remains the most popular brand with 750 units sold, which is 7% more than in April 2025 but 17.4% less than sales in March 2025.

Renault took second place with a 19% increase in sales compared to April of last year and a 25.6% increase compared to March of this year, reaching 653 units.

Skoda took third place with an 18% drop in sales compared to April 2025 and a slight decline compared to March 2026, totaling 450 units.

The Chinese brand BYD (one of the sales leaders in the final months of 2025, which had dropped out of the top ten by early 2026) climbed to fourth place from tenth in March of this year—448 units (+53% compared to April of last year).

Next were BMW – 442 units (+45%), Volkswagen – 412 units (-23%), Hyundai – 337 units (+17%), Mazda – 244 units (+230%), Nissan – 216 units (-3%), and Suzuki – 188 units (-30%).

The best-selling model of the month was the Renault Duster compact crossover.

According to Ukravtoprom, over 21,500 new passenger cars were sold in the country from January to April, which is 7% more than last year.

Meanwhile, the information and analytical group AUTO-Consulting reports that the new passenger car market in April totaled 6,170 vehicles, which is 3.8% more than in March and 0.8% more than in April of last year.

“Thus, the Ukrainian auto market continues to move in positive territory and demonstrate positive trends. There is also active competition,” the group’s website states.

According to experts, the top three were also led by Toyota (799 units), Renault (604 units), and Skoda (450 units), followed by BMW (445 units) and BYD (433 units).

“BYD continues to surprise this season. In April, it was already No. 5 on the Ukrainian market again (growth of +123%), following a sharp drop in electric car sales. Nevertheless, BYD is recovering its sales volumes and is even establishing a dealer network across Ukraine,” the post states.

According to information on the website of “BB Cars” (Kyiv region), which was registered in November 2022 in the Bucha district, in March 2026, it announced the signing of an exclusive strategic cooperation agreement with the Chinese company Beijing North Huapeng Materials Sales Co. regarding the development of BYD vehicle distribution in Ukraine.

AUTO-Consulting also notes that another trend in April was a significant increase in Citroën sales (11th place compared to 18th in March and a 50% increase)

At the same time, among the negative results, they note that Mercedes-Benz lost significant ground in April (-22.5% compared to March 2026, down to 117 units).

“But there are objective reasons for this, as one of the Mercedes-Benz dealerships in Kyiv was hit by rocket fire in April, resulting in many cars being burned. Therefore, unfortunately, Mercedes-Benz found itself in a difficult situation,” the post notes.

As reported, according to AUTO-Consulting, Ukrainians purchased 83,443 new passenger cars in 2025, which is 17% more than the previous year, and according to “Ukravtoprom,” the market also grew by 17%—to 81,300 units.

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Sales of new trucks in Ukraine fell by 5% in 2025

In 2025, almost 12,300 new vehicles were added to Ukraine’s fleet of new trucks and special-purpose vehicles, which is 5% less than in 2024, Ukravtoprom reported on its Telegram channel.

Renault retained its market leadership, although its sales fell by 49% compared to 2024, to 1,662 units. Citroen also retained second place with 1,335 units (+11%), while MAN came in third, as in 2024, with 1,083 units (+9%).

Next in the ranking were Peugeot with 1,043 units (+70%), which ranked seventh in 2024, and Fiat with 808 units (+73%), which was not among the top ten most popular brands last year.

Sixth place, as in 2024, went to Mercedes-Benz with 749 units (+20%); seventh place went to Ford with 687 units (-19%).

Rounding out the top ten most popular commercial vehicles are Toyota with 677 units (+111%); Iveco with 616 units (+13%); and Opel with 590 units (+56%).

According to the association, 1,439 vehicles were sold in this market in the last month of 2025, which is 46% more than in the previous month and 6% more than in December 2024.

At the same time, the AUTO-Consulting information and analytical group, analyzing the segment of trucks with a gross weight of more than 3.5 tons, notes that last year it decreased by 17%, and MAN retained its leadership with a 24% increase in sales, preferred by 23% of consumers.

“During the year, Iveco, Volvo, and Renault Trucks took the lead in certain months. However, at the end of the year, they still failed to come close to MAN’s performance,” experts stated in a report on the group’s website.

Iveco ranks second in this segment, followed by Volvo in third place.

As reported, according to Ukravtoprom, registrations of new commercial vehicles (trucks and special vehicles) in 2024 increased by 14% compared to 2023, to 12,900 units.

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