Cherkizovo Group announces operating results for January 2019

February 11, 2019

Moscow, Russia – February 11, 2019 – Cherkizovo Group (MOEX: GCHE), the largest vertically integrated meat producer in Russia, today announces operating results for January 2019.1

Starting from this release the Group will report operational results on the monthly basis, before 10th business day of the month.

January 2019 January 2018 Change %
y-o-y
December 2018 Change %
m-o-m

Chicken
Volume sold, thousand tonnes 49.66 47.01 6% 51.50 -4%
Average price, RUB/kg 108.67 81.97 33% 116.54 -7%
Turkey*
Volume sold, thousand tonnes 2.47 2.97 -17% 3.38 -27%
Average price, RUB/kg 180.29 112.49 60% 204.30 -12%
Pork**
Volume produced, thousand tonnes 19.88 17.26 15% 27.32 -27%
Volume sold, thousand tonnes 19.01 16.19 17% 26.42 -28%
Average price, RUB/kg 89.68 83.35 8% 96.86 -7%
Meat Processing
Volume, thousand tonnes 17.18 15.72 9% 20.72 -17%
Sausages 8.05 7.85 3% 9.63 -16%
Cuts 2.37 3.51 -33% 3.02 -22%
Carcass 5.79 3.48 66% 6.96 -17%
By-products 0.98 0.88 11% 1.11 -12%
Average price, RUB/kg 162.78 157.17 4% 185.79 -12%
Sausages 188.51 173.73 9% 215.03 -12%
Cuts 200.64 179.71 12% 231.96 -14%
Carcass 132.28 122.94 8% 148.12 -11%
By-products 40.33 55.24 -27% 42.80 -6%

1 Volume data is presented before intersegment eliminations and denotes to sales volumes except noted (**).
All prices in the release are net of sales volume discounts and VAT.
** 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 6602440
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 eight full cycle poultry production facilities, sixteen modern pork production facilities, eight meat processing plants, nine feed mills and around 287,000 hectares of agricultural land. In 2018, Cherkizovo Group produced c.1 million tonnes of meat and meat products. The Group’s consolidated revenue was RUB 90.5 billion in 2017. 

The Group operates a vertically integrated business model, including grain growing and storage, feed production, livestock breeding, fattening and slaughtering, 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).