The private equity firm umgi summed up 2024. Its portfolio companies demonstrated positive growth, generating USD 262.21 million in gross revenue, which is nearly 1.5 times higher than the previous year.

The VESCO Group, one of the global leaders in ceramic raw materials, achieved a major financial milestone in 2024, posting an 89% year-over-year increase in revenue reaching €133.2 million.

In 2024, INTECH, together with its associated companies, increased its revenue by 29% compared to 2023, reaching UAH 4,125 million. During the reporting period, the group paid UAH 352.22 million in taxes to budgets at all levels — a 111% increase compared to 2023.

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.

VESCO, one of the global leaders in the production and supply of ceramic raw materials, has commenced extraction from a clay quarry at Encarnita deposit located in the Berge municipality, Teruel province, Spain.

We are pleased to introduce you to new UMG Investments’ new company branding. The investment company has changed its name to umgi and updated its corporate design.

One year into war, SCM’s businesses, the Rinat Akhmetov Foundation, and Shakhtar Football Club have donated UAH 5 billion ($150 million) to help the nation.

Over 12 months of 2022, SCM companies in Ukraine as well as its associates and joint ventures paid UAH 73.2 billion in taxes and levies, including UAH 62 billion to the national budget.