Snacks set a record – Kommersant FM
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The seller of crackers and cookies, KDV Group, increased its net profit fourfold over the year, and its owner immediately received 5 billion rubles. dividends. The holding produces, in particular, confectionery, snacks, tea, coffee, pasta, and sauces. Its portfolio includes the brands “Yashkino”, Calve, “Kirieshki”, “Babkiny Seeds” and others. In 2023, the company earned almost 20 billion rubles, and this is a record figure in its entire history, writes Forbes. As for dividends, the shareholder of KDV Group, the company Conditerus Com, paid 7 billion rubles at once, although in previous years the amount did not exceed 1 billion rubles.
What caused this growth? And will such leaps become a trend? Investment strategist of the management company Ari-Capital, Sergei Suverov, believes that it was food production that brought impressive financial results to the holding: “In general, there was growth in companies in the consumer sector. This is due, first of all, to the pricing policy. Businesses raised prices and perhaps switched to producing higher-margin products. The import substitution effect also has an impact: many Western brands have stopped working in Russia, and their niche is occupied by domestic structures.
I think that in the coming months the situation for consumer sector companies will be more or less optimistic, because, according to statistics, real incomes of the population are growing slightly.
In addition, inflation remains elevated, and businesses can use it to make their products more expensive. But we still shouldn’t expect any explosive growth in indicators in the consumer sector.”
Two years ago, KDV Group began to develop its non-food business. Denis Shtengelov launched the Hit Super Price supermarket chain in the regions. The new project was positioned as an analogue of Magnit Cosmetics and Rainbow Smiles with the prospect of entering the federal market. In addition, the holding was looking for exits to foreign sites. But now he will be forced to abandon scaling his business, believes Ivan Fedyakov, general director of the information and analytical agency Infoline:
“In previous years, the company invested quite actively in its development. She bought various assets from her competitors, including the land fund. And the last, probably, factor that could have an impact is the situation with the foreign assets of the holding. A couple of years ago, he managed to buy a medium-sized enterprise for the production of snack products on the American market, and also acquired a fruit and vegetable processing enterprise in Europe.
It was not in vain that the company sought to enter foreign markets and develop in an international direction, because we understand that the food market in Russia is finite.
We, in fact, have a relatively small country in terms of population, and at the moment food security has already been ensured for the vast majority, so many companies are in fairly fierce competition with each other. It will be extremely difficult to grow further in the domestic market.”
Last year, Forbes for the first time included the name of Denis Shtengelov in the list of the richest people in the country. His fortune was estimated at $1.3 billion. The entrepreneur from Tomsk started his business 30 years ago with the sale of raw seeds. Now the holding includes about 15 food production factories, the Yarche! retail chain, the Dolinsk bank and real estate assets in Siberia.
Mr. Shengelov was also a co-owner of the Kemerovo shopping center “Winter Cherry,” where five years ago there was a fire that claimed the lives of 60 people. The businessman paid about 200 million rubles to the victims and families of the victims. compensation. Denis Shtengelov himself and his family permanently reside in Australia.
Everything is clear with us – Telegram channel “Kommersant FM”.
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