23 January 2023

Cherkizovo Group exported over 100,000 tonnes of products in 2022

Moscow, Russia — January 23 – Cherkizovo Group, Russia’s largest meat producer, increased its international shipments by close to 25 % in volume terms in 2022. In Russian rubles, exports were up by more than 40 % as the Company diversified its portfolio to increase the share of high value-added products.

29 December 2022

Cherkizovo Group provides more than 3,000 holiday gifts for children

Moscow, Russia — December 29 – Cherkizovo Group, Russia’s largest meat producer, has prepared for the upcoming holiday season by providing gift sets for children in need. In addition, Company employees have collected toys for the Podari Zhizn charity foundation.

23 December 2022

National indexes of meat supply (IMS), November 2022

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

Cherkizovo Group shows growth in Pork

August 6, 2012

Sales in the Poultry segment at Cherkizovo Group in the first half of 2012 increased by 34 % and amounted to 158,345 tonnes of poultry meat in carcass weight compared to 117,990 tonnes in the first half of 2011. As a result of the weakening rouble, the average selling price in the Poultry segment decreased by 4 % in dollar terms — from 2.51 dollars in the first half of 2011 to 2.4 dollars in the same period of the current year.

Production volumes in the Pork segment in the first half of the current year increased by 14 % to 46, 764 tonnes of live weight pork, whereas in the first half of 2011 volumes were at the level of 41, 070 tonnes. The average selling price of pork decreased by 2 % – from 2.70 dollars/kg in live weight in the first half of 2011 to 2.65 dollars/kg in the first half of 2012 as a result of the weakening of the rouble. Sales in the Meat Processing segment decreased by 11 % in the reporting period to 62, 105 tonnes.

According to experts at FG BCS, poultry meat production appears to be at the level benchmarked by the company for 2012. The rate of average price growth for pork has exceeded the experts’ forecasts, thereby offsetting the weak production dynamics in this segment.

“Overall, we find the results mixed: growth in total revenue was slightly worse than the forecasted values for the year. However, higher average prices for pork and products in the Meat Processing segment should have a positive impact on gross margin rates and on EBITDA margin at Cherkizovo”, said the specialists.

Analysts at Troika Dialogue think that Cherkizovo Group announced good operating results for the first half of 2012. “The continued growth in pork prices implies the possibility of exceeding profitability forecasts in the first half of 2012. But the market is more interested in the second half of the current year, when implications of Russia's entry into the WTO and growth in food expenditure will feature. Given the sharp increase in world prices for pork and the weakening of the rouble, Russia's accession to the WTO should, in our opinion, not lead to a significant fall in prices on the domestic market. However, the 35 % per annum rise in grain prices, may impact the company’s profitability in the fourth quarter of 2012. We still have a positive attitude towards Cherkizovo Group, but the continuing uncertainty about the dynamics of profitability may deprive the company's shares of growth in the medium-term”, concluded the experts.