Cherkizovo 2014 H1 poultry sales up 25%

Cherkizovo Group, Russia’s largest meat and fodder producer, has released their operational results for the first half of 2014, which shows an increase in poultry sales of 25% year-on-year (y-o-y).

Poultry Division

Total sales in the Poultry Division for the first half of 2014 increased by 25% y-o-y to 205,775 tonnes of sellable weight, including 22,562 tonnes of sellable weight produced by LISKO Broiler since acquired by Cherkizovo Group (1H 2013: 165,114 tonnes).

The average selling price in roubles increased by 6% y-o-y from 76.62 RUB/kg (€1.62) in the first half of 2013 to 81.53 RUB/kg (€1.73) in the first half of 2014 (all prices hereinafter are net of VAT). The price in the second quarter of 2014 increased by 8% compared to the price of 77.93 RUB/kg (€1.65) in the first quarter of 2014.

The average selling price in dollars decreased by 6% y-o-y from $2.47/kg (€1.84) in the first half of 2013 to $2.33/kg (€1.73) in the first half of 2014, due to weakening of the rouble against the USD. The price in the second quarter of 2014 increased by 8% compared to the price of $2.23/kg (€1.66) in the first quarter of 2014.

Meat processing

Sales in the meat processing division were almost flat at 64,033 tonnes in the first half of 2014 compared to the corresponding period of 2013 (1H 2013: 63,226 tonnes).

The average selling price in roubles increased by 10% y-o-y from 146.08 RUB/kg in the first half of 2013 to 160.80 RUB/kg in the first half of 2014. The price in the second quarter of 2014 increased by 10% to 167.95 RUB/kg compared to the price of 152.52 RUB/kg in the first quarter of 2014.

The average selling price in dollars decreased by 2% y-o-y from $4.71/kg in the first half of 2013 to $4.60/kg in the first half of 2014. The price in the second quarter of 2014 increased by 10% compared to the price of $4.36/kg in the first quarter of 2014.