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 Increased Poultry Sales by 22 % in 2014

January 28, 2015

Cherkizovo Group increased poultry sales by 22 % and pork sales by 8 % according to the company’s operating results for 2014 published today. The sizable increase in the company’s production is due to the purchase of Lisko Broiler in March 2014 (production after the merger was 58,000 t). At the same time, the price in rubles for the year increased by 18 % to 90.7 RUB/kg (VAT exclusive). However, the price rose by only 2 % to 100.86 RUB/kg in the fourth quarter compared to the third quarter.

Average annual ruble prices for pork also increased significantly — by 47 % to 96.25 RUB/kg; however, the price decreased by 13 % to 96.9 RUB/kg in the fourth quarter compared to the third quarter. The dollar price for pork increased by 22 % to $2.51 in 2014, although it fell by 34 % to $2.04 in the fourth quarter.

Sales in the company’s meat processing division rose by 7 % to 144,189 t. The average selling price in rubles increased by 12 % to 167.29 RUB/kg in 2014, and by 2 % to 174.15 RUB/kg in the fourth quarter compared to the previous quarter.

In the grain division, the 2014 harvest was more than 242,000 t, or almost 40 % higher than in 2013; sales rose by 70 %, and the selling price increased by 20 % to 7.21 RUB/kg. The price rose by 35 % to 8 RUB/kg in the fourth quarter.

“Cherkizovo’s results were slightly above our expectations,” analysts at Rye, Man & Gor Securities said. They are forecasting net earnings of RUB 66 billion and EBITDA of RUB 15.4 billion after adjustment for Cherkizovo in 2014.