In January-May 2024, the WOG filling station network transferred UAH 5.82 billion to the budgets of all levels.
According to the company’s press service, UAH 797.25 million were taxes on operating activities and UAH 5.023 billion were import taxes.
Personnel taxes for the first five months of 2024 amounted to over UAH 290.4 million, up 61% compared to the same period in 2023. This amount includes the unified social contribution (USC), personal income tax (PIT) and the fee.
The WOG filling station network is one of the largest in Ukraine, with about 400 locations.
West Petroleum Market LLC (manages the WOG filling station chain) was founded in 2018, with the ultimate beneficiaries being Serhiy Lagur and Svitlana Ivakhiv. In 2023, the company generated UAH 27.69 billion in revenue, which is 17.8% less than in 2022. Net profit more than halved to UAH 265 million 890 thousand in 2023 from UAH 560 million 515 thousand in 2022.
In which industries are the most businesses closing?
6,482 companies started the process of closing down between March 2022 and November 2023. This year, on average, 479 businesses are shutting down per month. This is almost three times less than in the same period in 2021: 1290 companies closed per month then.
Only 17% of them entered bankruptcy proceedings, while the rest decided to cease operations on their own. For comparison, in 2021, the share of companies that went bankrupt was 5.1%.
The highest number of businesses closing is in Kyiv: 893 cases. Lviv region is the second worst, with 526 companies closing, and Dnipropetrovs’k region is the third worst, with 479 businesses closing.
Non-governmental organizations are the most frequently closed – 1068 companies. Wholesale trade enterprises are in second place with 826 companies, and agricultural companies are at the bottom of the list with 492 cases.
The most high-profile bankruptcy of the year was the closure of the Ukrainian airline UIA, which is associated with Ihor Kolomoisky. However, this is not the largest business that has ceased operations since the start of the full-scale crisis. The top 3 companies in the process of closure in terms of turnover are Ilyich Iron and Steel Works of Mariupol, Azovstal, and one of the WOG companies.
https://opendatabot.ua/analytics/bankrupts-and-closed-companies-2023
AZOVSTAL, businesses closing, process of closing, Ukrainian airline UIA, WOG
How has the full-scale war changed the top 10 Ukrainian wholesalers?
According to the Opendatabot Index, almost half of the top 10 most successful Ukrainian wholesalers are businesses that trade in solid, liquid, gaseous fuels and similar products.
The top 10 of the Index in the wholesale trade sector includes Okko, WOG, West Petrol Market (fuel) and DTEK Trading, which trades in energy products. The list also includes businesses that sell tobacco (Tedis Ukraine and Philip Morris Sales and Distribution). Only two companies on the list sell food: MHP (meat) and Kernel Trade (grain). The Index also includes Optima Pharm and Metinvest-SMC. Together, these businesses earned UAH 458.95 billion last year.
For the second year in a row, Kernel Trade, a part of Andriy Verevsky’s Kernel Group, has been the unchanging leader in wholesale trade. In 2022, the company’s revenue amounted to UAH 67.92 billion, down 21% compared to 2021 (UAH 85.79 billion).
OKKO (Vitaliy Antonov, Universal Investment Group – UIG) moved up to the 2nd position in the ranking with revenue of UAH 67.29 billion. The company’s earnings grew 1.6 times year-on-year in 2022.
Tedis Ukraine, a tobacco company owned by Borys Kaufman, rounds out the top 3. Last year, the company increased its revenue by 7% and earned UAH 64.95 billion. It is worth noting that at the same time, the revenue of another company in the Index that specializes in tobacco wholesale, Philip Morris Sales and Distribution (the Ukrainian branch of the international tobacco manufacturer Phillip Morris International), decreased by 15% in 2022.
Yuriy Kosyuk’s MHP ranks fourth in the Index. This company specializes in the wholesale of meat and meat products. Its revenue in 2022 amounted to UAH 46.73 billion and remained almost unchanged compared to 2021 (UAH 46 billion).
Andriy Gubsky’s Optima Farm took fifth place in the list. In 2022, the company’s revenues decreased by 4% to UAH 44.34 billion.
DTEK Trading, owned by Rinat Akhmetov, saw the largest revenue increase – 1.8 times over the year. The company’s revenue of UAH 36.68 billion allowed it to rise from 18th place in the 2021 ranking to 7th in the 2022 ranking.
But another Akhmetov company in the top 10, Metinvest-SMC, saw its revenues decline by 42% (2021 – UAH 51.39 billion, 2022 – UAH 29.86 billion),
Who did the full-scale war push out of the top 10 Ukrainian wholesalers?
It is worth noting that in 2022, the top 10 Ukrainian wholesalers underwent significant changes compared to 2021.
Last year, 2 companies specializing in energy trading dropped out of the list.
We are talking about United Energy, a company associated with Kolomoisky, which was the second largest earner in the country before the outbreak of full-scale war. Last year, United Energy earned 3.6 times less revenue than in 2021 (UAH 17.24 billion) and lost 19 rating points.
Chemical Trade (owned by Dmitry Firtash) also did not make it to the top. Having reduced its revenue by 1.4 times, the company dropped to the 12th position in the ranking.
Also, two businesses specializing in grain wholesale dropped out of the top ten:
– Nibulon (Andriy Vadatursky) and Nibulon (Andriy Vadatursky). The company’s revenues last year decreased 2.7 times by 2021, and a significant share of its facilities and equipment is still under occupation.
– ADM-Ukraine (a subsidiary of the international agro-industrial corporation Archer Daniels Midland Company): their revenue decreased by 1.5 times by 2021.
It is worth noting that the total revenue of the top 10 wholesale companies in 2022 decreased by 10% compared to the top 10 in 2021.
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 relations with Russia, sanctions lists, and other analytical tools of OpenDataBot.
ADM-Ukraine, DTEK Trading, KERNEL-TRADE, Metinvest-SMC, MHP, NIBULON, OPTIMA-PHARM, Philip Morris Sales and Distribution, TEDIS UKRAINE, West Petrol Market, WOG, ОККО
