UMGI

In 2024, umgi private equity firm and its Ukrainian assets paid UAH 628.6 million in taxes and fees to the national and local budgets. This is 96% more than the amount paid in 2023, UAH 321 million.

Umgi, the investment company, has released a summary of its results for 2023. Last year, the umgi team remained committed to its strategy of expanding into European markets, by investing heavily in asset growth. Over the past two years, umgi has allocated nearly $22 million to the expansion of its businesses.

In 2023, VESCO Group fulfilled all customer orders for the supply of ceramic raw materials and launched its production in Spain. The largest consumers of ceramic raw materials were Italian tile manufacturers, accounting for 38% of total sales. At the end of the year, the Group recorded $75.2 million in gross revenue.