Terwin Corporation expects that the combined revenue of its retail chains EVA and Varus will exceed $2 billion in 2025, equivalent to over ₴83 billion. This information was announced by the corporation’s president, Ruslan Shostak. Last year, the two chains collectively generated ₴47 billion in revenue.
This is reported by Business • Media
Financial Results and Development Plans for EVA and Varus
According to management estimates, this year the EVA chain may demonstrate revenue in the range of ₴45-47 billion with a margin of 7-8%. The Varus supermarket chain, in turn, aims to achieve a revenue of ₴40 billion and a profitability of 2-3%.
The development of EVA is planned not only in the traditional offline segment: the corporation is actively working on creating an online platform that will enable entry into international markets. Regarding the Varus chain, the president of Terwin believes it has significant potential for further growth in Ukraine.
Trends in the Retail Market and Network Expansion
According to Ruslan Shostak, currently about 35-40% of the food retail market in Ukraine is controlled by small entrepreneurs and traders in markets. At the same time, large chains such as ATB, Silpo, and Novus together occupy less than 70% of the segment. It is forecasted that over the next decade, the share of small players will decrease to 5-7%, while large operators will be able to control over 90% of the market.
“This year, EVA will show ₴45-47 billion in revenue with a margin of 7-8%, and the Varus supermarket chain will have a revenue of ₴40 billion with a profitability of 2-3%,” noted Ruslan Shostak.
Recently, a new Varus supermarket opened in Dnipro in a two-story building that was formerly a cinema, indicating further expansion of the network.