News archive

23.12.2009

OJSC CHERKIZOVO GROUP COMMENTS ON THE RUSSIAN GOVERNMENT’S MEAT IMPORT QUOTAS

OJSC Cherkizovo is one of Russia’s leading integrated and diversified producers of meat. The company’s shares are traded in Moscow and via GDRs on the London Stock Exchange. Cherkizovo is well positioned to benefit from the Russian government’s drive to increase domestic meat production.

22.12.2009

CHERKIZOVO’S PRODUCTS ARE AWARDED 12 MEDALS FOR QUALITY

Cherkizovo OJSC (LSE: CHE), one of Russia’s leading integrated and diversified meat producers, is pleased to announce that it has recently won several gold, silver and bronze awards for its high quality products.

26.11.2009

ANNUAL REPORT OF CHERKIZOVO GROUP WAS VOTED BEST IN THE CONSUMER SECTOR OF ECONOMICS

OJSC Cherkizovo Group (LSE: CHE) one of Russia’s leading integrated and diversified meat producers, is pleased to announce that it has won an award in the category of “Best Annual Report in the consumer sector of economics” Cherkizovo Group was pronounced the winner in the category “Best Annual Report in the consumer sector of economics” at the XI Annual Federal Annual Report Competition held by RTS Stock Exchange.

24.11.2009

CHERKIZOVO GROUP WILL DOUBLE POULTRY PRODUCTION AT ITS BRYANSK POULTRY CLUSTER BY 2012

OJSC Cherkizovo Group (LSE: CHE) one of Russia’s leading integrated and diversified meat producers, is pleased to announce the start of a large-scale capacity increase project at its Bryansk poultry cluster.

29.10.2009

OJSC CHERKIZOVO GROUP TRADING UPDATE FOR THE FIRST NINE MONTHS OF 2009

Total sales volumes in the poultry division in the first nine months of 2009 gained 1% to approximately 138,920 tonnes compared to approximately 137,260 tonnes in the first nine months of 2008.Prices for Cherkizovo poultry sales increased by 19% from 62.03 roubles per kg in the first nine months of 2008 to 73.88 roubles per kg in the same period of 2009 (excluding VAT). As a result of the 35% depreciation of the rouble over this period, prices in dollar terms decreased by 12% from $2.58 per kg in the first nine months of 2008 to $2.27 per kg in the same period of 2009 (excluding VAT)*.

28.10.2009

CHERKIZOVO GROUP COMPLETES ITS VERTUNOVKA POULTRY FACILITY

Cherkizovo Group announces the opening of the Naryshkinskiy and Mitkireyskiy breeding facilities at the Vertunovka site, part of the Vasilievskaya poultry factory in the Penza region.

14.10.2009

CHERKIZOVO’S PRODUCTS AWARDED FOR QUALITY AT THE GOLDEN AUTUMN EXHIBITION

Cherkizovo Group OJSC (LSE: CHE), one of Russia’s leading integrated and diversified meat producers, is pleased to announce that it recently won several top awards for its high quality products.

05.10.2009

CHERKIZOVO GROUP OJSC (“CHERKIZOVO” OR “THE GROUP” OR “THE COMPANY”). HALF YEAR RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2009.

Cherkizovo Group (LSE: CHE), one of Russia’s leading integrated and diversified meat producers, today announces half year results for the six months ended 30 June 2009. Highlights • Strong performance and improvement in margins despite the challenging economic conditions and lower consumer spending • Net income nearly doubled on a rouble currency basis, and increased 39% to $50.3 million from $36.3 million for the six months of 2008 • Adjusted EBITDA* increased 52% on a rouble currency basis, and 10% to US $80.5 million from $73.1 million for the six months of 2008 • Adjusted EBITDA* margin improved significantly to 18% from 13% for the six months of 2008 • Gross profit increased 26% on a rouble currency basis, and decreased 9% to $128.4 million from $140.5 million driven by ruble devaluation • Significant improvement in Group gross margin to 28% from 25% in 2008 • Revenues increased 15% on a rouble currency basis year-on-year, and decreased 17% to $459.3 million from $554.0 million for the six months of 2008 • Net debt decreased 10% on a rouble currency basis, and decreased 33% to $436.2 million Sergey Mikhailov, Chief Executive Officer of Cherkizovo Group, said: “The Company continues to make solid progress against its stated strategy, despite the particularly challenging domestic and international operating environment. Cherkizovo achieved significant margin improvement, driven by the Group’s focus on improving operating efficiencies. While in constant currency terms, the performance has been exceptionally strong, with a material growth in Gross profit of 26%, Adjusted EBITDA of 52%, and Net Income of 92%, the dramatic depreciation of the ruble against the US dollar in the first six months of the year has had a significant translation impact on our reported numbers. The Company’s poultry division enjoyed a favorable pricing environment, supported by a lower grain price, and continued to gain integration benefits from OJSC Kurinoe Tsarstvo. These factors combined to produce a record Gross margin of 35% and Adjusted EBITDA margin of 27%. The exceptional performance contributed significantly to the overall improvement in the Company’s Adjusted EBITDA margin. Production volumes in the Company’s pork division continued to increase in the first six months of 2009, as the new capacity gathers pace. This together with a favorable pricing environment in the first half enabled us to sustain strong divisional margins for the first half of the year. We anticipate further volume gains in the second half of the year. In the meat processing division the Company continued to see decreased sales volumes of lower-priced, lower-margin products, and this together with lower consumption in the regions of Russia due to the challenging economic environment affected the performance of the division. Overall, the Company’s vertically-integrated business model proved its strength and enabled us to improve performance in a tough economic environment. Looking forward the Group will continue to leverage improving efficiencies and capacity levels to drive results. While we anticipate the pricing environment to remain largely favorable for Cherkizovo’s products in the second half of the year, we will continue to see some pressure on consumer consumption. However, we remain confident that the Group will continue to make good progress and deliver against its stated strategy in the course of the financial year.”

12.08.2009

OJSC CHERKIZOVO GROUP (“THE COMPANY” OR “THE GROUP”). PRE-CLOSE TRADING UPDATE FOR THE FIRST SIX MONTHS OF 2009.

Cherkizovo OJSC (LSE: CHE), one of Russia's leading integrated and diversified meat producers, today issues its trading results for the first six months of 2009.

05.06.2009

CHERKIZOVO GROUP OJSC ANNOUNCES BOND BUYBACK.

Cherkizovo Group OJSC (LSE: CHE), one of Russia’s leading integrated and diversified meat producers, has executed its obligations under the bond series 01 put option in full.

02.06.2009

OJSC CHERKIZOVO GROUP REPAYS 6TH BOND COUPON.

Cherkizovo OJSC (LSE: CHE), one of Russia’s leading integrated and diversified meat producers, today announces repayment of the 6th coupon on bond series 01.

21.05.2009

CHERKIZOVO’S PRODUCTS ARE AWARDED WITH 12 GOLD MEDALS FOR QUALITY

Cherkizovo OJSC (LSE: CHE), one of Russia’s leading integrated and diversified meat producers, is pleased to announce that it has recently won several gold awards for its high quality products.

21.05.2009

PUBLICATION OF ANNUAL REPORT AND FINANCIAL STATEMENTS.

Cherkizovo Group, one of Russia's leading integrated and diversified meat producers, announces that its Annual Report and Financial Statements for the year ended 31 December 2008 is available on the Company's websites: www.cherkizovo-group.com in English and www.cherkizovo-group.ru in Russian.

14.05.2009

OJSC CHERKIZOVO GROUP (“THE COMPANY” OR “THE GROUP”) PRE-CLOSE TRADING UPDATE FOR THE FIRST QUARTER 2009

Cherkizovo OJSC (LSE: CHE), one of Russia's leading integrated and diversified meat producers, today issues its trading results for the first quarter of 2009.

13.05.2009

CHERKIZOVO GROUP OJSC NOTIFICATION OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS.

Cherkizovo OJSC (LSE: CHE), one of Russia’s leading integrated and diversified meat producers, hereby gives notice that the Annual General Meeting will take place on June 30, 2009 at 11am (Moscow time). The meeting will be held in the Russian Federation, at 107143, Moscow, Permskaya str., premises 5, 2nd floor of Administrative Building of OJSC CMPP. The record date for the meeting is set as May 13, 2009.

29.04.2009

CHERKIZOVO GROUP OJSC ANNOUNCES THE LAUNCH OF THE NEW ADVERTISING CAMPAIGN FOR ITS PETELINKA BRAND

Cherkizovo Group OJSC (LSE: CHE) announces the launch of a new advertising campaign for their Petelinka brand – the largest producer of chilled poultry meat in the Moscow region.

09.04.2009

CHERKIZOVO GROUP OJSC (“CHERKIZOVO” OR “THE GROUP”). PRELIMINARY RESULTS FOR THE YEAR ENDED DECEMBER 31, 2008

Financial Year 2008 Performance

02.04.2009

CHERKIZOVO GROUP OJSC . NOTIFICATION OF FULL YEAR RESULTS.

Cherkizovo Group (LSE: CHE), one of Russia’s leading integrated and diversified meat producers, will announce its full year results prepared in accordance with US GAAP for the twelve months ended 31 December 2008 on Thursday 9th April 2009.

19.02.2009

OJSC CHERKIZOVO GROUP (“THE COMPANY” OR “THE GROUP”) PRE-CLOSE TRADING UPDATE FOR FULL YEAR 2008

Cherkizovo OJSC (LSE: CHE), one of Russia's leading integrated and diversified meat producers, today issues a pre-close trading update in advance of its annual results for the year ended 31 December 2008. The full year financial results will be reported in April 2009.

17.02.2009