United Confectioners facts for kids
| Industry | Confectionery |
|---|---|
| Headquarters |
,
Russia
|
| Revenue | $1.12 billion (2017) |
|
Operating income
|
$25.8 million (2016) |
| $19.4 million (2016) | |
| Total assets | $316 million (2016) |
| Total equity | $40.9 million (2016) |
United Confectioners (Russian: Объединённые кондитеры, romanized: Obedinyonnye konditery) is a big company in Russia that makes sweets. They are known as a "confectionery holding."
This company and its smaller businesses make many tasty treats. These include chocolate bars, cakes, cookies, and candies. They own famous brands like Krasny Oktyabr, Rot Front, and Babayevsky. In 2013, about 17,000 people worked for United Confectioners.
By 2015, it was the 13th largest sweet-making company in the world. Their sales reached $2.2 billion that year. Until 2011, the city of Moscow partly owned the company. Now, it is part of the GUTA Group. In 2016, United Confectioners sold 20% of all sweets in Russia. In 2014, their products were removed from stores in Ukraine. This happened because of similar actions taken against a Ukrainian sweet company called Roshen.
Company History
United Confectioners started its business in the early 2000s.
Until 2014, the Government of Moscow owned a part of the company. They owned about 26.6% of its shares. Later, the government sold its part of the company.
How the Company Performs
United Confectioners has grown a lot in the Russian sweet market. In 2009, they sold 14% of all sweets. By 2017, their share grew to 21.3%. This shows they became much more popular.
In 2010, the company earned about $1.3 billion from sales. In 2006, their sales were 20.6 billion rubles. This was 14.5% more than what they sold in 2005.
In 2020, the company's earnings reached 63.7 billion rubles. This success helped them get on the Forbes magazine list. They were ranked 166th among the "200 largest private companies in Russia 2021."
