Company update: Avangard Q4 2012
Avangard release their fourth quarter stats and the full year ending December 31 2012.
Total Flock
The total poultry flock was up by 9.6% year-on-year, with the population of laying hens increasing by 11.2% year-on-year to 22.8 million (in 2011 – 20.5 million). The increase in poultry flock in 2012 was due to the construction and launch of new capacities at poultry complexes “Avis” and “Chornobaivske”.
| Units | As at 31.12.2012 | As at 31.12.2011 | Change % | |
| Total Poultry flock | Heads (mln) | 27.5 | 25.1 | 9.6 |
| Laying hens | Heads (mln) | 22.8 | 20.5 | 11.2 |
2012 sales to external customers increased by 7.4% year–on- year to 5,223 million units (in 2011 – 4,862 million units). The increase in sales was due to the continued expansion of sales channels, both in domestic and export markets.
In 2012, the Company increased its export volumes of shell eggs by 74.9% to 516 million units (2011: 295 million units), while in the fourth quarter of 2012 shell egg exports increased by 13.4% to 212 million units. The Company continued to develop its exports markets in the Middle East and North Africa, Central and West Africa, and the CIS. Iraq, Turkmenistan, Transnistria, Liberia, UAE and other countries served as main export markets for the Company’s shell eggs.
During 2012 sales of packaged eggs under the umbrella brand “Kvochka” increased to 36.2 million units (2011: 4.9 million units) following the expansion of sales channels. In the beginning of 2012 “Kvochka” branded products were sold only in national retail chains, however, starting from September 2012 the Company commenced supplies to regional retail chains and traditional format retail outlets through its network of distributors. As a result, at the end of the year the Company supplied its “Kvochka” branded products to more than 2,200 retail outlets, including 1,200 retail chains’ outlets and around 1,000 traditional format retail stores.
Several production facilities of the Company have already been certified and passed all the necessary quality and veterinary checks to start export of eggs in Europe. Following the conclusion of final agreements Avangard expect that it will start the supply of shell eggs and egg products into the European market in 2013.
To find the full summary please use this link.
