In 2024 ATB Market is to open 60 new stores

26 November 2023

As of October 2023 the biggest Ukrainian retail network consisted of 1200 supermarkets, thereof 20 new stores were opened in Y2023.

The ATB Market network is gradually returning to the development that was significantly affected by the full-scale Russian invasion.

Before the beginning of the invasion, as of February 2022, there were a total of 1,322 stores in the network, the company's turnover in 2021 was UAH 148.7 billion, and net profit was UAH 8.3 billion. According to ShareUAPotential estimates, the group's consolidated EBITDA (taking into account the results of related companies - such as Logistic Union, ATB Invest, ATB Torgstroy and others) in 2021 amounted to more than UAH 18 billion.

As a result of hostilities, the number of ATB Market stores under operation was reduced to less than 1,000. Also, one of the company's warehouses was destroyed in the Kyiv region (the other was partially destroyed). Two more warehouses ended up in the occupied territory.

Starting from the end of March 2022, ATB gradually resumed the operation of its stores (where it was possible, including in the de-occupied territory). The company again reached the mark of 1,000 operating stores in May, at the end of 2022 the total number of ATB supermarkets was 1,154, in October 2023 - 1,200.

Losses of ATB stores as a result of Russian aggression as of now (according to Forbes) - 79 stores are located in the occupied territory, 18 stores have been lost.

The net income of ATB Market in 2022 was almost unchanged compared to the previous year and amounted to UAH 148 billion. In our opinion, the company kept its revenue in hryvnias at the level of the previous year only due to the increase in prices (according to official data, on average, in 2022, the prices of food products increased by 26% compared to the previous year, alcoholic products - by 18%). The net profit of ATB Market in 2022 amounted to UAH 2.8 billion.

It can be noted that despite the full-scale Russian invasion, the group's business is profitable, and its financial standing is quite stable.

We expect that ATB's financial indicators - both turnover and profit - will improve already in 2023. At the same time, the company has quite ambitious plans for 2024 - ATB Market plans to open 60 new stores (before the invasion, the company opened an average of 100 new markets per year).