October 12, 2021
Cherkizovo Group announces operating results for September, third quarter
Cherkizovo Group announced on October 11 its operating results for September and the third quarter of 2021.
The company's third quarter 2021 highlights are as followed:
- Chicken: Sales volume of 173.2 thousand tonnes declined by 2 % year-on-year due to a fire suffered at Cherkizovo's Altaisky Broiler processing plant in summer. Average sales price increased by 28 % year-on-year.
- Pork: Live pork production volumes of 57.8 thousand tonnes declined by 17 % year-on-year. Sales of pork carcass declined by 47 % year-on-year to 12.6 thousand tonnes, while sales prices increased by 20 % year-on-year. Sales of pork cuts increased by 3 % year-on-year to 9.5 thousand tonnes with average selling price up by 11 % year-on-year.
- Ready-to-eat meat processing: Sales volume increased by 25 % year-on-year and amounted to 36.3 thousand tonnes, driven, among other factors, by consolidation of recently acquired assets in Russia's North-Western region, while average sales price of the segment increased by 25 % year-on-year.