UPDATE: Cherkizovo 2012 poultry sales up 23%
Cherkizovo OJSC, one of the top three companies serving Russia poultry market, has issued trade figures for the year ended 31 December 2012.
Poultry Division
Sales volumes in the Poultry division in 2012 increased by 23% to approximately 319,210 tonnes of slaughter weight compared to 260,200 tonnes in 2011, reflecting organic volumes added in the Penza and Bryansk clusters and sales by Mosselprom, which was acquired in May 2011 and now is fully integrated.
Prices in rouble terms increased by 8% from 72.79 RUR/kg in 2011 to 78.62 RUR/kg in 2012 (excluding VAT). Compared to the third quarter of 2012, the price in the fourth quarter increased by 3% to 84.81 RUR/kg.
Prices for poultry sales in dollar terms increased by 2% from $2.48/kg in 2011 to $2.53/kg in 2012 (excluding VAT)*. Compared to the third quarter of 2012, the price in the fourth quarter increased by 6% to $2.73/kg.
The Group
The Group includes 7 full cycle poultry production facilities, with a total capacity of 400,000 tonnes live weight p.a.; 14 modern pork production facilities with a total capacity of 180,000 tonnes live weight p.a.; 6 meat processing plants with a total capacity of 190,000 tons p.a.; 6 fodder plants with a total capacity of 1.4 million tonnes p.a.; grain storage facilities with a total storage capacity exceeding 500,000 tonnes; and a land bank exceeding 100,000 hectares. In 2012, Cherkizovo produced more than half a million tonnes of meat and processed meat products.
Due to its vertically integrated structure, which includes agricultural land, grain storage facilities, feed production, livestock breeding, growing and slaughtering as well as meat processing and integrated distribution, Cherkizovo has consistently delivered sustainable revenue and profit growth. In 2011, Cherkizovo’s US GAAP consolidated revenue increased 24% to $1,473 million, and net profit amounted to $135.9 million.
Within the last five years alone, Cherkizovo has invested more than $1 billion into the development of Russia’s agriculture sector. In addition to existing production facilities, the Group is also investing in a 20 billion rouble hi-technology agro-industrial production complex in Elets, Lipetsk region.
