Cherkizovo, one of the leading meat and
In ruble terms net profits were up 16% at 4.386 billion rubles from 3.789 billion rubles.
Company sales revenues were up 12% at 36.085 billion rubles last year versus 32.330 billion rubles in 2009. In dollars, that was a 17% increase to $1.188 million versus $1.019 million.
Operating expenses as a percentage of sales revenues dropped to 13% from 14% in 2009.
Adjusted EBITDA was up 15% at 6.641 billion rubles versus 5.782 billion in 2009 ($218.7 million versus $182.3 million). The company’s EBITDA margin was 18%, about the same as the year before.
The Cherkizovo group’s gross profits were up 10% at 9.835 billion rubles from 8.934 billion rubles in 2009 (15% to $323.9 million from $281.6 million). The gross profit margin was 27% in 2010.
The group placed 3 billion rubles worth of
The Cherkizovo group launched a large
Cherkizovo Group, which was formed in 2005, encompasses seven meat- processing companies in the Moscow region, Penza, Ulyanovsk, Belgorod and Rostov Regions and Krasnodar Territory, four hog complexes, two poultry farms and a compound feed plant. The company held an IPO on the London Stock Exchange (LSE) in May 2006 that raised $251 million. The group is controlled by Igor Babayev and members of his family.
Kommersant business daily has released yet another annual Top 1,000 Russian Managers ranking compiled by the Russian Managers Association. This time, four Cherkizovo Group executives made it to the top: Oleg Zakov, Director at Cherkizovo Trade House; Irina Kim, Ready Meals Marketing Director; Natalya Klepikova, Head of Government Relations; and Evgeny Subbotin, Director for Procurement, Logistics, and Supplies.
Cherkizovo Group, Russia’s largest meat producer, continues to expand the product portfolio of its flagship brand of the same name.
Anastasia Mikhailova, Head of Communications at Cherkizovo Group, took part in an open conference on the role of climate regulation in the competitiveness of Russian agricultural products. In her presentation, she talked about the Company's contribution to reducing greenhouse gas (GHG) emissions.
Cherkizovo Group, Russia’s largest meat producer, took part in the Exchange Yard agricultural and machinery exhibition for the first time. We offered our best products for tasting and shared our plans to grow business in the region.