Business news from Ukraine

DISCOUNT SHOP CHAIN ATB PLANS TO OPEN 100 STORES IN 2020

TB-Market LLC (Dnipro), owning the discount shop chain in Ukraine and part of the ATB Corporation, is not intending to adjust its plan to open new stores for 2020, Director General of ATB Corporation Borys Markov has said in a statement. “We do not change the plans for the opening of stores in 2020 we are working according to plan. However, everything will depend on the depth of the economic crisis and the quarantine period. Our plan is to open 100 stores. We have a different cycle [than other retailers], 90% of the stores that we planned to open this year were purchased in 2019 and are in different state of preparation of documents, repair, or construction,” he said during the retail company anti-crisis management online webinar broadcasted on Tuesday, April 14.
According to Markov, 90% of ATB’s retail space is owned by the company, part of the vacant space is rented by the retailer, thus, when quarantine was introduced, the company negotiated with the landlords and its tenants about the rental benefits.
“We have 10% of the stores for rent and almost 100,000 square meters of vacant space that we lease. Thus, we operate responding to the current situation, without waiting for any decisions from Ukrainian Chamber of Commerce and Industry or laws, we negotiated with everyone and tried to make compromises,” he said.
Markov also said that one of the main challenges when quarantine was introduced was to cope with large fluctuations and falling in demand of buyers.
“We have seen catastrophic amplitude of demand and supply day by day, from 50% rise to 20% decline during the last week of March. Therefore, we mainly focused on maintaining the supply chain, stable uninterrupted work of almost 10,000 staff, which provides for the movement of trade, the availability of goods and imports,” the CEO of ATB Corporation said.
ATB Corporation is a group of companies involved in retail trade, production and sale of food.

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ATB TO ACQUIRE RETAIL AND OFFICE CENTER IN RIVNE

LLC ATB-Invest (Dnipro), part of the ATB group of companies, plans to acquire a retail and office center in Rivne, owned by the Novus retailer, which is part of the Lithuanian group BT Invest. As the Antimonopoly Committee of Ukraine (AMCU) said it plans on February 7 to consider the case of granting permission to ATB-Invest LLC to acquire assets, namely a Rivne-based retail and office center, owned by Novus-Ukraine LLC (Kyiv).
According to the Novus website, its chain as of February 7, 2019, includes two stores in Rivne: at 26 Gagarin Street and at 24 Bohoyavlenska Street.
Novus Ukraine LLC was established in 2008, the same year the first Novus supermarket was opened in the country.
According to the State Register of Legal Entities and Individual Entrepreneurs as of February 7, 2019, Novus Ukraine LLC is wholly owned by CJSC Consul Trade House (Vilnius, Lithuania). The final beneficiaries are Marina Pozniakova, Agnė Ruzgienė, Raimondas Tumėnas.
The charter capital of Novus Ukraine LLC is UAH 634.7 million.
The Novus supermarket chain is developed by BT Invest (Lithuania), which was established in 2008 by former shareholders of Sandora Raimondas Tumėnas and the late Ihor Bezzub.
The ATB chain in 2018 expanded by 80 new and 41 renovated retail outlets, numbering 990 stores in 22 Ukrainian regions.
It posted record high sales in its 25-year history, which amounted to UAH 103.6 billion, including VAT.

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GOODS FLOW OF ATB CHAIN 22% UP IN 2018

ATB-Market LLC (Dnipro), owning the discount shop chain in Ukraine and part of the ATB Corporation, in 2018 increased goods turnover by 22% compared with 2017, to UAH 103.6 billion (VAT included), the press service of the company has told Interfax-Ukraine.
“The ATB chain has been expanded with 80 new and 41 reconstructed stores, and by the beginning of the year there were 990 outlets in 253 cities and large populated areas of 22 regions of Ukraine. The expansion of the network ensured a record turnover of UAH 103.6 billion in the 25-year history of ATB trading business (with VAT),” the press service said.
The press service said that that the company has increased the payment of taxes by 30% from the level of 2017, to UAH 9.4 billion.
The company expects in 2019 to maintain growth rates.
As reported, according to the results of 2017, the ATB chain increased trade turnover by 37% compared to 2016, to UAH 80.2 billion (including VAT).
The retail chain of ATB-Market was founded in 1993.

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GOODS FLOW OF DISCOUNT CHAIN ATB 32% UP

ATB-market LLC (Dnipro), owning a discount store chain in Ukraine, in January-June 2018 increased good flow by UAH 11.9 billion or 32.6%, to UAH 48.4 billion (VAT included). “In the first half of 2018, the good flow of the ATB retail network amounted to UAH 48.4 billion (including VAT), which is 32.6% more than in the same period last year. ATB-Market LLC’s share of total retail turnover of retail enterprises in Ukraine for the first quarter of 2018 amounted to almost 15.9%, which is 1.9 percentage points more than the figures for the corresponding period of the previous year and it has a steady tendency to increase. This is the result of both a general growth in the number of retail enterprises and experimental updating of the ATB store format,” Director General of the ATB Corporation Borys Markov told Interfax-Ukraine.
According to him, since early 2018 the company has opened 48 new stores, of which 21 are in the western region of Ukraine, and 12 – in the southern region.
According to the press service of ATB, referring to the data of the State Fiscal Service, the amount of taxes paid by ATB-Market LLC for six months increased by 57.9% compared to the same period last year, to UAH 3.2 billion. Thus, the company remains the largest taxpayer of wholesale and retail trade in Ukraine.
“In general, the enterprises of the ATB Group paid taxes and fees for the total amount of UAH 4.3 billion in the first half of this year, which is 32% more than in the same period last year,” Markov added.

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