6 December 2022

Cherkizovo acquires Bashkortostan’s largest agricultural holding

Ufa, Russia — December 6 – Cherkizovo Group (MOEX: GCHE), Russia’s largest meat producer, has won the auction for the sale of Russian Grain Ufa's poultry, crop, and fodder production businesses. The acquisition will strengthen the Company's position in the poultry market in the Urals and neighboring regions.

2 December 2022

Cherkizovo Group launches a 3D advertising campaign

Moscow, Russia — December 2 – Cherkizovo Group, Russia’s largest meat producer, launched an outdoor 3D advertising campaign to promote its Salchichon premium sausages in anticipation of the New Year holiday season. The Company became one of Russia’s first food producers to introduce this technology in its promotional activities.

2 December 2022

National indexes of meat supply (IMS), October 2022

Cherkizovo Group publishes industrial meat supply indexes for October 2022. The indexes describe dynamics of meat supply — poultry, pork and beef — in Russia.

ACRA takes positive outlook on Cherkizovo’s credit rating

August 24, 2022

Moscow, Russia – August 24 – Cherkizovo Group (MOEX: GCHE), Russia's largest meat producer, announces that the Analytical Credit Rating Agency (ACRA) has affirmed the Company’s A+(RU) credit rating and revised its outlook from stable to positive.

ACRA cited Cherkizovo’s commissioning of the oil extraction plant (OEP) as the basis for the outlook upgrade. The Agency believes the plant will improve the Group’s vertical integration and profitability. On top of that, it will considerably decrease the impact of price fluctuations on the main cost items.

ACRA noted that the current A+(RU) rating is based on Cherkizovo’s robust business profile that is undergirded by strong vertical integration and well-diversified product offering. “Cherkizovo Group’s financial profile is shaped by high returns and high liquidity, with the leverage kept at a comfortable medium,” says the Agency’s press release.