JSC “Slavic Wallpapers – KFTB” (formerly Koryukivka Technical Paper Factory, Chernihiv region), a leading Ukrainian wallpaper manufacturer, reported a net profit of UAH 47.68 million in 2023, up almost 7.7 times compared to the same period in 2022.
According to the announcement of a general meeting of shareholders to be held on April 30 on the results of work in 2023, the company does not plan to distribute the profit.
According to Clarity-project, at the beginning of this year, the company’s retained earnings amounted to UAH 1 billion 908 million.
As reported, in 2022, the factory reduced its net profit seven times year-on-year to UAH 6.22 million.
At the meeting, shareholders plan to re-elect the supervisory board, among other things.
According to the NSSMC, as of the third quarter of 2023, 56.12% of the JSC’s shares were owned by Slavich-Invest LLC, and another 24.991% by Slavich Trading House LLC (both based in Koryukivka).
JSC Slavic Wallpaper-KFTB is one of the largest European wallpaper factories, producing more than 10 types of wallpaper from the economy segment (paper, duplex, acrylic) to premium wallpaper (vinyl, non-woven, hot stamped).
As reported, in 2023, KFTB produced 16.2 million conventional pieces of wallpaper, up 19% year-on-year, with production increasing by 38.2% to UAH 1 billion 249 million.
Slavic Wallpaper – KFTB (formerly Koryukivka Technical Paper Factory, Chernihiv region), Ukraine’s leading wallpaper producer, produced 2.41 million conventional pieces of wallpaper in January-February, up 9.4% year-on-year.
According to statistics provided by Ukrpapir Association to Interfax-Ukraine, the company’s output growth rate slowed slightly in the first two months of the year, to 18.1% in January.
At the same time, in monetary terms, the plant’s production increased by 8.6% to UAH 205.5 million.
The EBA has no data on the production of wallpaper in Ukraine in January-February 2024, as the State Statistics Service has stopped providing it.
As reported, in 2023, the factory increased its wallpaper output by 19% compared to 2022 to 16.2 million units, while production increased by 38.2% to UAH 1 billion 249 million.
Earlier, the company noted that as a result of Russian aggression, sales volumes, especially through retail channels, had significantly decreased.
JSC Slavic Wallpaper-KFTB is one of the largest European wallpaper factories, producing more than 10 types of wallpaper from the economy segment (paper, duplex, acrylic) to premium wallpaper (vinyl, non-woven, hot stamped).
In addition, the factory produces its own latex, water-dispersion paint under the Latex brand.
JSC Slavic Wallpapers – KFTB (formerly Koryukivka Technical Paper Factory, Chernihiv region), a leading Ukrainian wallpaper producer, produced 16.2 million conventional pieces of wallpaper in 2023, up 19% from 2022.
According to statistics provided by UkrPapir Association to Interfax-Ukraine, in December, in particular, 1.12 million conventional pieces were produced, down 2% from December 2022 and 13% from November 2023.
At the same time, in monetary terms, the factory’s production volume increased by 38.2% to UAH 1 billion 249 million last year.
The EBA has no data on wallpaper production in Ukraine as a whole, as the State Statistics Service stopped providing it in 2019.
As reported, in 2022, the factory reduced wallpaper production by 2.4 times compared to pre-war 2021 to 13.59 million pieces, while production decreased by 45% to UAH 903.55 million.
The company noted that the Russian aggression had significantly reduced sales, especially through retail channels. The factory exported 56% of its products in 2022, mainly to Uzbekistan, Latvia, Kyrgyzstan, Kazakhstan, and Azerbaijan.
JSC Slavic Wallpaper-KFTB is one of the largest European wallpaper factories producing more than 10 types of wallpaper from the economy segment (paper, duplex, acrylic) to premium wallpaper (vinyl, non-woven, hot stamped).
In addition, the factory produces its own latex, water-dispersion paint under the Latex brand.
