United Confectioners
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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]
| Industry | Confectionery |
|---|---|
| Headquarters | , Russia |
| Revenue | $1.12 billion[1] (2017) |
| $25.8 million[2] (2016) | |
| $19.4 million[2] (2016) | |
| Total assets | $316 million[2] (2016) |
| Total equity | $40.9 million[2] (2016) |
| Website | www |
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]
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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).
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]
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