March 2, 2013
A significant increase of all performance and economic indices within the implementation framework of the largest innovation project in Agro-Industrial sector of Ukraine was shown in APK-Invest's 2012 operating results.
ÐPK-INVEST has occupied 15% of the commercial pig production market in 2012. About 26,600 tonnes of chilled meat were produced, that is by 57% more than in 2011. Finished meat sausage products production was increased by 40% and amounted to 4,000 tonnes in 2012.
Brand retail development of 'Miasna Vesna' in 2012 was assigned to increase the number of stores in the cities where it operates. For December 31, 2012 brand chain included 91 stores (for December 31, 2011 - 66) in Kiev, Zaporizhia, Kharkov, Donetsk and Donetsk Region, Luhansk and Luhansk Region. Besides brand retail, production of Company is presented in supermarkets of Ukrainian Leading retailers - ÐTB, Auchan, Ðmstor, Brusnichka, Ðœetro, Silpo and others. Export of products was increased by 1,300 tonnes (plus 95%).
Sales net income of ÐPK-INVEST in 2012 amounted to UAH818 million (US$101 million), having defined a positive dynamics in growth - plus 59%. Net profit of ÐPK-INVEST in 2012 amounted to UAH89 million (US$11 million), that exceeded the same index in 2011 by four times. The company's asset value increase in 2012 amounted to 31% in comparison with the same period of 2011 (at the same time asset value amounted to UAH2,791 million (US$344 million).
The Company showed itself to be a serious player of state seed market in 2012. Seed plant with efficiency in 200 tonnes of seed material per day was put into the operation (CIMBRIA Project (Denmark)), that allowed to provide fundamental production processes according to Ð•U standards. Mixed feed production was increased by 45% and achieved 126,000 tonnes. Mixed feed plant production is completely intended for own cattle number feeding. Livestock farms have been put in full production in Ulyanovka village (Krasnoarmeisk district of Donetsk region) in 2012. Cattle number for December 31, 2012 amounted to 216,500 heads at single maintenance (incl. suckling pig), that is by 41% more than in 2011. Breeding stock has been increased by 28%, up to 20,100 heads.
In 2012 total volume of investments amounted to UAH526.8 million (US$65 million) including investments in productive assets, seed growing, meat processing, transport and warehouse logistics, retail. In its second year, the Company maintains to be a leader among the largest meat producers. According to the "TOP-100 Rating of the largest agricultural companies of Ukraine" ("Top 100" edition) APK-INVEST takes top position in growing of pigs volumes, having increased its market share from 5% in 2010 to 7% in 2011 among the manufacturers.
APK-INVEST is a regular participant and initiator of international and Ukrainian industry congresses, conferences and master classes (VI International Congress "Profitable Pig breeding", International Conference "Feeds for effective animal breeding", etc.).
According to the year results, the sales index has reached UAH1 billion (US$123 million). The Company established its leadership at the commercial chilled pork production market with the market share of 15%. General Director Roman Raspopov noted that 4,000 tonnes of meat sausage production was made that allowed AKP-INVEST to rank among the Top 20 largest meat sausage producers.