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.

Rose by 46 % compared to the same period last year

September 18, 2012

Rose by 46 % compared to the same period last year. Revenues for the period increased by 9 % to 749.3 million dollars. Profit for Cherkizovo Group in Q1 has grown by 114 % to $ 39.3 million dollars on US GAAP. Revenue increased by 16 % - from 361.7 million dollars to 357.8 million dollars. In 2011, the net profit of the group Cherkizovo on US GAAP amounted to 147.8 million dollars, or 3.44 dollars per share. Consolidated revenues reached 1.473 billion dollars.

According to experts at Uralsib Capital " the company's results for the second quarter of 2012 are higher than market expectations. Relatively low feed prices in the second quarter of 2012 and the expansion of business support profitability at Cherkizovo in the second quarter of 2012. High grain prices will put pressure on the company's profitability in the first quarter of 2013. Apositive impact of the financial results  could be the  government's desire to maintain a zero rate of income tax and interest rate subsidies for farmers.”

FG BCS experts note  high production volumes and favorable pricing environment in all segments, which supports the company's profitability. Against the background of the strong results of the first half of 2012 and a favorable pricing environment, experts share a positive view of management in 2012. While the rise in grain prices and increased competition in the WTO could put pressure on the company in 2013, the strong results in 2012 should mitigate the potential risks.

Experts at Troika Dialog believe Cherkizovo Group "presented good results for the first half of 2012. We consider in our model the strong results for the first half and revise projections of profitability: higher expectations for selling prices largely offset the negative impact of increased  grain prices, and we reduce the long-term forecast EBITDA margin only 0.3 Sq. Along with the new macroeconomic forecasts it lowers our EBITDA forecast for 2013-2016 to 3 %. "