March 17, 2024

In 2023, Coca-Cola received the highest profit in the entire history of operation in Ukraine, the value of net income made UAH 1.6 billion.

According to the financial statements of Coca-Cola Ukraine, its turnover in 2023 made a record-high 13.9 billion UAH, which was 67% higher than in 2022 (8.3 billion UAH).

The profitability of the activity also increased significantly - the operating profit increased from UAH 369 million in 2021 and only UAH 58 million in 2022 to UAH 1.9 billion in 2023. The company's net profit in the reporting year was a record-high 1.6 billion UAH (the previous record - 448 million UAH - was reached in 2020, so the current net profit was almost four times higher vs. previous record).

The structure of Coca-Cola Ukraine's balance sheet has also changed in accordance with P&L - the amount of cash on the company's accounts during 2023 has increased from UAH 255 million to UAH 2 billion. Currently, due to restrictions regarding currency legislation in Ukraine, the company cannot pay dividends, so if there are no new investments in development, the amount of money in the accounts will only grow.

Regarding the financial structure of Coca-Cola Ukraine, the current main source of assets financing is equity, the amount of which as of December 31 was UAH 4.1 billion (the total amount of assets as of the reporting date is UAH 7.6 billion).

As a reminder as a result of the Russian invasion in February 2022, the main production enterprise of Coca-Cola Ukraine, located in Velika Dymerka, Kyiv region, was in the close vicinity of hostilities, so its operations were stopped. After the flee of the Russians from the Kyiv region, in May 2022, production was resumed, and the company managed to reach pre-war production levels in 2023.

Coca-Cola Group global revenue in 2023 was $45.7 billion (+6% over the previous year), net profit - $10.7 billion ($9.6 billion in 2022).