Cherkizovo Group announces operating results for April 2020

May 12, 2020

Moscow, Russia – May 12, 2020– Cherkizovo Group (MOEX: GCHE), the largest vertically integrated meat producer in Russia, today announces operating results for April 2020. [1]

 

 

April 2020

April 2019

Change % y-o-y

March 2020

Change % m-o-m

 

Chicken

 

 

 

 

 

Volume sold, thousand tonnes

    56.15   

    58.50  

(4%)

    61.30   

(8%)

Average price, RUB/kg

  109.37   

    96.04  

14% 

  107.38   

2% 

 

 

 

 

 

Turkey*

 

 

 

 

 

Volume sold, thousand tonnes

      3.19   

      3.03  

5% 

      3.59  

(11%)

Average price, RUB/kg

  183.29   

  167.20  

10% 

  175.81   

4% 

 

 

 

 

 

Pork**

 

 

 

 

 

Volume produced, thousand tonnes

    24.18   

    23.58  

3% 

    24.91   

(3%)

Volume sold, thousand tonnes

    23.47   

    22.84  

3% 

    23.83   

(2%)

Average price, RUB/kg

    84.65   

    96.90  

(13%)

    87.68   

(3%)

 

 

 

 

 

Meat Processing

 

 

 

 

 

Volume, thousand tonnes

    19.81   

    21.11  

(6%)

    22.05   

(10%)

Sausages

      8.33   

      8.27  

1% 

      9.30   

(10%)

Cuts

      1.62   

      3.35  

(52%)

      2.59   

(38%)

Carcass

      8.64   

      8.37  

3% 

      8.57   

1% 

By-products

      1.22   

      1.11  

10% 

      1.59   

(23%)

Average price, RUB/kg

  157.53   

  166.87  

(6%)

  159.34   

(1%)

Sausages

  194.71   

  189.70  

3% 

  191.05   

2% 

Cuts

  214.81   

  206.87  

4% 

  211.28   

2% 

Carcass

  125.57   

  143.64  

(13%)

  130.09   

(3%)

By-products

    53.98   

    50.70  

6% 

    46.82   

15% 

 

 

 

 

 

 

Samson***

 

 

 

 

 

Volume sold, thousand tonnes

      2.31   

      1.61   

44% 

      2.13   

8% 

Average price, RUB/kg

  197.10   

  210.34   

(6%)

  202.88   

(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.

*** Volumes and prices reflect total sales of Samson – Food products, an associate company where the Company has 75% interest.



[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.