Cherkizovo Reports Increased Poultry Sales in Q1 of 2012

RUSSIA - Sales volumes in the poultry division for the first quarter of 2012 increased by 42 per cent 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.
calendar icon 25 April 2012
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Prices for poultry in dollar terms decreased by 1 per cent from $2.43 per kg in the first quarter of 2011 to $2.40 per kg in the first quarter of 2012 (excluding VAT). Compared to the price in the fourth quarter of 2011 of $2.36, prices in the first quarter of 2012 were almost flat.

Prices in rouble terms increased by 2 per cent 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 per cent.

Pork Division

Sales volumes in Cherkizovo's pork division in the first quarter of 2012 increased by 12 per cent 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 per cent from $2.57 per kg of live weight in the first quarter of 2011 to $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 $2.66 per kg, the price in the first quarter of 2012 was flat.

Prices in rouble terms increased by 7 per cent 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 per cent.

Meat Processing Division

Sales volumes decreased by 12 per cent 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 per cent from $4.30 per kg in the first quarter of 2011 to $4.75 per kg in the first quarter of 2012 (excluding VAT). Compared to the price in the fourth quarter of 2011 of $4.57, the price in the first quarter of 2012 increased by 4 per cent.

Prices in rouble terms increased by 14 per cent 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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