Cherkizovo Group Announces Trading Update for 1Q
OREANDA-NEWS. April 28, 2012.
Poultry Division
Sales volumes in the Poultry division for the first quarter of 2012 increased by 42% to approximately 75 860 tonnes of sellable weight compared to approximately 53 570 tonnes for the first quarter of 2011, reflecting the contribution from the newly launched sites at Bryansk and sales by Mosselprom, acquired in May 2011, reported the press-centre of Cherkizovo Group.
Prices for poultry in dollar terms decreased by 1% from USD 2.43 per kg in the first quarter of 2011 to USD 2.40 per kg in the first quarter of 2012 (excluding VAT)*. Compared to the price in the fourth quarter of 2011 of USD 2.36, prices in the first quarter of 2012 were almost flat.
Prices in rouble terms increased by 2% from 71.07 roubles per kg in the first quarter of 2011 to 72.50 roubles per kg in the first quarter of 2012 (excluding VAT). Compared to the price in the fourth quarter of 2011 of 73.74 roubles per kg, the price in the first quarter of 2012 decreased by 2%.
Pork Division
Sales volumes in the Pork division in the first quarter of 2012 increased by 12% to approximately 22 660 tonnes of live weight, compared to approximately 20 220 tonnes in the first quarter of 2011.
In dollar terms, prices for pork sales increased by 4% from USD 2.57 per kg of live weight in the first quarter of 2011 to USD 2.66 per kg of live weight in the first quarter of 2012 (excluding VAT). Compared to the price in the fourth quarter of 2011 of USD 2.66 per kg, the price in the first quarter of 2012 was flat.
Prices in rouble terms increased by 7% from 75.27 roubles per kg in the first quarter of 2011 to 80.53 roubles per kg in the first quarter of 2012 (excluding VAT). Compared to the price in the fourth quarter of 2011 of 82.97 roubles per kg, the price in the first quarter of 2012 decreased by 3%.
Meat Processing Division
Sales volumes decreased by 12% to approximately 29 115 tonnes from 33 200 tonnes for the first quarter of 2011. The decrease was predominantly due to the closure of an inefficient slaughtering facility in southern Russia (Labinsk).
Prices in dollar terms increased by 10% from USD 4.30 per kg in the first quarter of 2011 to USD 4.75 per kg in the first quarter of 2012 (excluding VAT). Compared to the price in the fourth quarter of 2011 of USD 4.57, the price in the first quarter of 2012 increased by 4%.
Prices in rouble terms increased by 14% from 125.75 roubles per kg in the first quarter of 2011 to 143.82 roubles per kg in the first quarter of 2012 (excluding VAT). Compared to the price in the fourth quarter of 2011 of 142.74 roubles per kg, the price in the first quarter of 2012 stayed almost flat.
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