The Epicenter Group of Companies, led by Oleksandr and Halyna Gereg, is actively expanding its activities in the agricultural sector, retail and energy. The plans for 2024 include the completion of the construction of five shopping and entertainment centers in different regions of Ukraine and a logistics complex in Khmelnytskyi.
By the end of 2024, the company plans to implement investment projects worth UAH 2.2 billion in the energy sector, installing 100 MW gas-fired power plants to power its enterprises.
Current projects in the retail sector involve the creation of more than 1.5 million sq. m of new retail space and 16 thousand jobs. Despite the losses from the war, the company continues to invest in the Ukrainian economy. By 2030, Epicenter plans to invest about UAH 100 billion in the development of retail, agro-industry, logistics and energy.
The Gereg family is actively expanding its business into the agricultural market and Poland. Since 2016, they have significantly increased their land bank to 167,000 hectares, including 20 livestock farms and 15 elevators with a total simultaneous storage capacity of 1.5 million tons. The elevators can accommodate all types of grain and oilseed crops and are equipped with modern equipment for drying and storing grain. At the same time, the company continues to invest in the agricultural sector, building a plant for the production of urea-ammonia mixture and liquid complex fertilizers in the Vinnytsia region, which is planned to be completed by the 2024 sowing season.
Epicenter has already taken its first steps in the Polish market, investing in local companies, in particular the Polish sports chain Intersport for €10 million. However, since the beginning of the war in Ukraine, several Epicenter stores have burned down, which led to losses of small business goods sold there.
The company's losses due to the war are significant: eight Epicenter shopping centers are not operating due to the occupation of territories, the proximity of hostilities, or complete destruction. The amount of losses, including destroyed small business goods, is not disclosed, but the company's revenue in 2022 still increased by 0.6%, to UAH 57.6 billion. According to the results of 2023, Epicenter continued to maintain stable financial indicators, despite the challenges caused by the war.
Regarding employee reviews, some complain about non-payment of wages and incomprehensible deductions. However, there are also positive reviews about professional advice and assistance from staff.
Epicenter's financial indicators for 2023 indicate the stable development of the company. Net income from sales of products amounted to UAH 69.1 billion, gross profit – UAH 20.8 billion, and net financial result – UAH 3.09 billion. The company employs 27,395 people.
Main areas of activity:
• Development of the agricultural holding “Epicenter-Agro”
• Construction of new shopping centers
• Investments in energy
• Expansion of logistics capacities
“Epicenter” remains one of the largest investors in the Ukrainian economy, introducing the latest technologies and creating jobs.