United Confectioners

Russian confectionery holding

United ConfectionersCompany type| Private company

|

Industry| Confectionery
Founded| 2000; 25 years ago (2000)
Headquarters|

Moscow

Russia

Area served

| Russia
Products| chocolate bars, cakes, cookies and candies
Revenue| $1.12 billion[1] (2017)

Net income

| $19.4 million[2] (2016)
Total equity| $40.9 million[2] (2016)
Owner| GUTA Group

Number of employees

| 17,000 (2013)
Website| eng.uniconf.ru

United Confectioners (Russian: Объединённые кондитеры, romanized: Obedinyonnye konditery) is a Russian confectionery holding. Through its subsidiaries it produces chocolate bars, cakes, cookies and candies.[3] The holding owns brands such as Krasny Oktyabr, Rot Front and Babayevsky. The company employed 17,000 people in 2013.[4]

As of 2015 it was the 13th largest confectionery company worldwide, with sales of $2.2 billion.[5] Until 2011 the company was partly owned by the city of Moscow, and it is currently part of the GUTA Group.[6] In 2016 the company had a 20% share of the Russian confectionery market.[7] In 2014 the company's products were removed from retail in Ukraine, in retaliation against similar actions taken against the Ukrainian confectioner Roshen.[8]

## History

[edit]

The company was founded in the early 2000s.

Until 2014 26.6% of the shares[9] belonged to the Government of Moscow (the share was sold for 7 billion rubles).

## Performance indicator

[edit]

The group's share of sales in the Russian confectionery market in 2009 was 14%, in 2017 — 21.3%.

In 2010, revenue, according to its own data, amounted to $1.3 billion. In 2006, sales amounted to 20.6 billion rubles. (14.5% more than in 2005).

Revenue in 2020 amounted to 63.7 billion rubles, the company entered the Forbes magazine rating "200 largest private companies in Russia 2021" in 166th place.[10]

## References

[edit]

1. ^ "Рейтинг крупнейших компаний России по объему реализации продукции". Expert RA. Archived from the original on 28 October 2018. Retrieved 28 October 2018.
2. ^ a b http://www.rbc.ru/companies/id/193. `{{cite web}}`: Missing or empty `|title=` (help)
3. ^ "United Confectioners Holding Joint-Stock Company: Private Company Information". Bloomberg. Retrieved 16 August 2017.
4. ^ Glazunov, Mikhail (2016). Corporate Strategy in Post-Communist Russia. Routledge. ISBN 9781317352600.
5. ^ "2015 Global Top 100 (25-1)". Candyindustry.com. Retrieved 16 August 2017.
6. ^ "RUSSIA: Moscow to sell shares in United Confectioners". 26 August 2011. Archived from the original on 16 August 2017. Retrieved 16 August 2017.
7. ^ "Confectionery in Russia". Euromonitor.com. Archived from the original on 16 August 2017. Retrieved 16 August 2017.
8. ^ "Candy counterstrike: Ukraine bans chocolate from Russia's United Confectioners". ConfectioneryNews.com. Retrieved 16 August 2017.
9. ^ "Линия "Рот Фронта" прошла по Ордынке". www.kommersant.ru (in Russian). 2008-01-21. Retrieved 2024-06-15.
10. ^ "200 крупнейших частных компаний России — 2021". Forbes.ru (in Russian). Retrieved 2024-06-15.

## External links

[edit]

* Official website