Cherkizovo Group announces operating results for February 2019

March 11, 2019

Moscow, Russia – March 11, 2019 – Cherkizovo Group (MOEX: GCHE), the largest vertically integrated meat producer in Russia, today announces operating results for February 2019.


February 19 February 18 Change %
y-o-y   
January 19   Change %
m-o-m   


Chicken
Volume sold, thousand tonnes 45,22 42,52 6% 49,66 -9%
Average price, RUB/kg 105,05 80,89 30% 108,67 -3%
Turkey*
Volume sold, thousand tonnes 2,80 3,10 -10% 2,47 14%
Average price, RUB/kg 176,47 117,66 50% 180,29 -2%
Pork**
Volume produced, thousand tonnes 23,12 18,46 25% 19,88 16%
Volume sold, thousand tonnes 22,51 17,54 28% 19,01 18%
Average price, RUB/kg 87,86 81,25 8% 89,68 -2%
Meat Processing
Volume, thousand tonnes 17,38 17,37 0% 17,18 1%
Sausages 6,85 7,99 -14% 8,05 -15%
Cuts 2,52 3,70 -32% 2,37 6%
Carcass 6,75 4,66 45% 5,79 17%
By-products 1,27 1,02 24% 0,98 29%
Average price, RUB/kg 159,30 153,96 3% 162,78 -2%
Sausages 194,27 174,92 11% 188,51 3%
Cuts 205,11 179,72 14% 200,64 2%
Carcass 128,85 118,54 9% 132,28 -3%
By-products 41,43 58,40 -29% 40,33 3%

* Volume and prices reported in turkey section represent sales of the Trading Company “Cherkizovo”.
** Difference in the volume produced and volume sold in the pork segment is attributable to retained gilts replacement. Volumes sold include both intercompany and 3rd party sales.

For more information please visit http://www.cherkizovo.com or contact

Investor Relations
Andrei Novikov
Phone: +7 495 660-24-40 ext. 15430
a.novikov@cherkizovo.com

Media contacts
Phone: +7 495 660-24-40
Email:   pr@cherkizovo.com


About Cherkizovo Group

Cherkizovo Group is the largest meat producer in Russia. The Group is a top-3 producer in each of the Russian poultry, pork and processed meat markets.

Cherkizovo Group encompasses nine full cycle poultry production facilities, sixteen modern pork production facilities, eight meat processing plants, nine feed mills and c. 290 thousand hectares of agricultural land. The Group also includes Tambov Turkey facility, a joint Russian-Spanish venture. In 2018, Cherkizovo Group produced c. 1 mn tonnes of meat and meat products and generated revenue of RUB 102.6 billion. 

Our vertically integrated business model, includes grain growing and storage, feed production, livestock breeding, fattening and slaughtering, and meat processing, alongside a distribution system. We aim to offer to our consumers the highest quality products catered to their preferences. Our success is based on the well-known brands in our portfolio and the loyalty of our consumers. and meat processing, alongside a distribution system. The company focuses on satisfying consumer needs with quality meat products.

Cherkizovo Group shares are traded on the Moscow Exchange (MOEX).