- Business
- Public Joint-Stock Company Krasnyj Octyabr engages in the production and sale of confectionery products in Russia; its core offerings include chocolate and chocolate products, candy boxes, caramel, marmalade, hard-boiled sweets, toffees, cocoa powder, nuts, and half-finished chocolate products. Founded in 1867 and headquartered in Moscow at Ulitsa Malaya Krasnoselskaya, 7, building 24, the company operates primarily within the Russian market, employing approximately 2,941 people and focusing on the consumer defensive sector as a key confectionery manufacturer. It maintains branches in locations such as Ryazan, Kolomna, and Egorevsk, with production supported by advanced equipment from international partners including Austrian firm Haas for mechanized candy lines and Swiss group Buler for chocolate mass processing. In recent developments, the company reported earnings for the full year ended December 31, 2024, reflecting ongoing financial performance amid a reported ROE of 0.04% for 2024 following a stronger 13.34% in 2023; additionally, market activity included the acquisition of a 6.97% stake by an entity from ZAO, signaling continued interest in its ownership structure.