Russia. Cherkizovo reports increased poultry sales
Russia’s largest meat and feed producer, Cherkizovo Group, has reported a 22% increase in poultry sales in its operational results for the fourth quarter of 2014 and full year 2014.
Sales volume in the Poultry division in 2014 increased by 22% y-o-y to 416,622 tonnes of sellable weight (FY13: 342,637 tonnes) including 58,417 tonnes of sellable weight produced by Lisco Broiler since the day of the acquisition of this company by Cherkizovo (March 25, 2014).
Prices in ruble terms increased by 18% y-o-y from 77.12 RUB/kg (all prices hereinafter are net of VAT) in 2013 to 90.70 RUB/kg in 2014. Compared to the price of 98.43 RUB/kg in the third quarter of 2014, the price in the fourth quarter of 2014 increased by 2% to 100.86 RUB/kg.
Prices for poultry in dollar terms decreased by 2% y-o-y from $2.42/kg in 2013 to $2.36/kg in 2014. Compared to the price of $ 2.72/kg in the third quarter of 2014, the price in the fourth quarter of 2014 decreased by 22% to $ 2.13/kg. Dollar-denominated price has significantly decreased due to ruble devaluation in the fourth quarter.
Sales volume in the meat processing division also increased by 7% y-o-y to 144,189 tonnes in 2014 from 134,530 tonnes in 2013.