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Cherkizovo continues to increase poultry profitability
Sales volumes in the poultry division of Russian meat producer, Cherkizovo, increased by a robust 26% to approximately 185,620 tonnes of sellable weight compared for the first nine months of 2011 to 146,830 tonnes for the first nine months of 2010, reflecting organic volumes added in the Bryansk cluster and sales by Mosselprom, acquired in May 2011.
The average selling price in the poultry division increased by 8% in dollar terms from US $2.33 per kg for the first nine months of 2010 to $2.52 per kg in the first nine months of 2011 (excluding VAT). The price in the third quarter of 2011 remained almost at the level of prices of the second quarter, amounting to $2.53 per kg. Group revenue for this period totally has been estimated at $1.14 billion, up 29% compare with the same period of 2010.
Commenting on the performance, Sergey Mikhailov, CEO of Cherkizovo Group said «In the first nine months we have delivered strong results across all segments in line with our targets. «In poultry we have continued our organic growth, and in addition to opening two large poultry production facilities in our Bryansk and Penza clusters, we have launched two incubation facilities which are amongst the largest not just in Russia, but across Europe. Our results in the pork segment demonstrate that we have successfully overcome the consequences of last year’s weather conditions, and are now witnessing production growth.
«In the meat processing segment we see a steady increase in demand for our meat products, while this year we are concentrating on improving the product mix in favour of value added products. In terms of the pricing environment, we see that in poultry the prices so far this year have been relatively flat, while in pork they have demonstrated some growth. Overall, management expects that the Group will produce a strong financial performance for the nine months and will further continue to deliver against its strategy.»
Expert RA upgrades Cherkizovo Group’s rating to ruAA-
01 june 2023
Expert RA upgrades Cherkizovo Group’s rating to ruAA-
Cherkizovo Group (MOEX: GCHE), Russia’s largest meat producer, announces that Expert RA has upgraded its credit rating to ruAA- and revised its outlook from positive to stable.
Cherkizovo Group and Smenka complete renovation of school canteens in Russian regions
29 may 2023
Cherkizovo Group and Smenka complete renovation of school canteens in Russian regions
Cherkizovo Group and Smenka, a social initiative and YouTube show, have successfully completed a joint project to renovate school canteens. As a result of this collaboration, three canteens (two in the Penza Region and one in the Altai Territory) got a modern makeover, with schoolchildren now having an opportunity to eat in comfortable facilities and develop healthy eating habits.
Crystal Cherkizovo played volleyball game with kids from UNITY foundation
25 may 2023
Crystal Cherkizovo played volleyball game with kids from UNITY foundation
Crystal Cherkizovo, a volleyball club whose main sponsor is Cherkizovo Group, met children with cancer supported by the UNITY charity foundation to talk about the history of volleyball and play an exhibition game.
Cherkizovo Group unveils prospects for halal product exports
23 may 2023
Cherkizovo Group unveils prospects for halal product exports
Cherkizovo Group, Russia's largest meat producer, took part in the business program of the Russia – Islamic World: KazanForum, the key platform for economic cooperation between Russia and Muslim countries. The Company shared its vision of opportunities to expand halal product exports to the CIS and beyond.
