Delickcious
Premium food for cats and dogs
Club 4 Paws
Premium food for cats and dogs
My love/Gav
Standard food for dogs
My Love/ Miau!
Standard food for cats
Master
Standard food for cat and dog
Optimeal
Super premium food for cats and dogs
Kormotech Group of Companies 2024 with a $162.7 Million Turnover
Kormotech Group of Companies reported a 6.5% year-over-year increase in its annual turnover, reaching $162.7 million in 2024.
Over the past year, the company sold 83,000 tonnes of dry and wet pet food for cats and dogs, reflecting a 7.5% increase in volume compared to 2023. The premium segment remained the strongest performer, accounting for over 37,000 tonnes of sales.
Romania, Bulgaria, Lithuania, Latvia, and Moldova were the top five export markets where Kormotech Group of Companies recorded the highest sales in 2024. In line with its long-term strategic objectives, the company prioritizes Central and Eastern Europe as its primary export focus.
«Our brands are experiencing robust growth across Central and Eastern Europe, with Club 4 Paws emerging as a leading premium pet food brand for cats and dogs,» said Yuriy Bykoriz, Managing Director for Central and Eastern Europe at Kormotech Group of Companies. — As part of our export strategy, we are reinforcing our commercial team, expanding our market presence, and fostering long-term partnerships with professional distributors — key pillars of our business model. Additionally, we continue to diversify our product portfolio and introduce new brands. Strategically, we set 2025 as a milestone year for Kormotech's expansion across Central and Eastern Europe.»
«By 2028, Kormotech aims to establish itself as Moldova's № 1 pet food brand portfolio on the market, stated Eduard Babenko, Head of Ukraine, Moldova, and Southeast Asia at Kormotech Group of Companies. — Currently, we estimate that we hold the second position in Moldova's pet food market. In 2024, we achieved 1.8% volume growth and 9.1% revenue growth compared to the previous year. To drive further expansion in Moldova, we continue to invest in key growth enablers: a strong distribution network, an efficient sales force, broader market coverage, and targeted marketing support.»
«Kormotech exceeded its strategic sales target in the Baltic region, achieving 102% of its annual plan for 2024, noted Nazar Shchyrba, Head of the Baltics, Czech Republic, Poland, Hungary, and Slovakia at Kormotech Group of Companies. — Lithuania was our highest-performing market, surpassing its sales plan by 14%. We are outpacing initial forecasts, and Club 4 Paws has reached 31% brand awareness among Lithuanian pet owners — indicating that one in three consumers recognizes or has heard of the brand. The team is refining its go-to-market strategy to capitalize on this momentum and position itself among the top five pet food manufacturers in the Baltic markets.»