Kronstadt Group is a Russian high-tech company that engineers and manufactures knowledge-intensive products. The company is a leader in the Russian UAV segment and has unique experience in design and production of unmanned aerial vehicles and on-board equipment. A part of Sistema Group since October 2015.
The priority segment of Kronstadt Group is production of large-size unmanned aircraft. The Group's substantial intellectual and engineering potential, its portfolio of key technologies and competences and state-of-the-art manufacturing resources enable it to create high-tech products and solutions that are in demand in Russia and are also able to successfully compete on international markets.
In 2018, Kronstadt Group continued to fulfil a government contract for development of an unmanned aerial vehicle (UAV) – the Orion project. The company also started developing a new business segment: provision of commercial services using drones. It also conducted active operations in the maritime solutions segment and provision of modern equipment for museums.
In 2018, Kronstadt created and updated electronic navigation maps for 10,000 kilometres of internal water routes in Russia, signed three contracts with the government for supplying state-of-the-art hydrographic on-board equipment for Rosmorrechflot (the Russian Federal Agency for Maritime and River Transport), supplied seven sets of equipment for correcting stations ordered by Rosmorrechflot, and obtained a patent for the development of a unique automated hydrographic trawling system.
Concept Group is one of the leaders in the Russian segment of children's and women's clothes and underwear. The company has been operating in the Russian market for more than 10 years and now it is successfully developing retail chains under the Acoola and Concept Club brands with over 380 stores, many of which are franchised.
Concept Group operates under a multi-brand and multi-channel business model, which ensures a stable growth of revenue due to diversification of proceeds. A professional team of fashion designers located in the company's main office in St Petersburg is in charge of developing collections for all brands of the Group. Manufacturing takes place at partner factories in China, Bangladesh, Uzbekistan, India, Russia and Kyrgyzstan, with mandatory quality control.
The company operates in Russia (in more than 130 cities), Belarus, Kazakhstan, Armenia, Azerbaijan and India both through its own retail chain and in partnership with franchise and wholesale partners.
In 2018, the company signed an agreement with key lenders on restructuring the Group’s loan portfolio. The shareholding structure improved after Sberbank became one of its shareholders. In 2018, the company appointed Elena Bogomolova, who has strong expertise in the clothing retail segment, as its new CEO.
The key objectives of Concept Group for 2019 include active development of online sales and enhancement of the company’s operational efficiency. Another important goal is development of a new strategy that will enable Concept Group to become one of the top five market players by opening new format retail outlets, strengthening its design expertise and changing the marketing policy for its brands.