April 28, 2024
In 2023, the largest Ukrainian producer and exporter of sugar significantly increased its turnover compared to the previous year.
In 2023, Ukraine significantly increased sugar production - in the reporting year it reached 1.8 million tons compared to 1.3 million tons in 2022.
According to data from the annual financial report of the Astarta company, in 2023 the Radekhiv-Sukor company remained the largest producer of sugar in Ukraine. The volume of its production was approximately 430,000 tons (compared to 340,000 tons in 2022), which is 24% of the total production in Ukraine.
The largest Ukrainian sugar producers
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Astarta | 302 | 226 | 344* | 282 | 377 |
| Radekhiv-Tsukor | 296 | 220 | 266* | 340 | 430 |
| Ukrproimnvest-Agro | 228 | 171 | 263* | 250 | 305 |
The financial performance of Radekhov-Tsukor in 2023 was also very good. The company's turnover amounted to UAH 10.7 billion compared to UAH 7 billion in 2022. The operating profit of Radekhiv-Tsukor in the reporting year amounted to UAH 1.9 billion (UAH 1.5 billion in 2022), net profit - UAH 1.2 billion (UAH 1.1 billion).
In the structure of the company's assets, as of December 31, 2023, fixed assets amounted to UAH 3.4 billion, inventories - UAH 3.1 billion. The main source of asset financing is equity, which as of the reporting date amounted to UAH 4.9 billion. Bank loans stood at UAH 1.2 billion.
In general, the financial standing of the company remains quite acceptable.