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Gruppa Cherkizovo PAO (GCHE.MM)

GCHE.MM on Moscow Interbank Currency Exchange

1,248.00RUB
20 Jul 2017
Change (% chg)

руб-11.00 (-0.87%)
Prev Close
руб1,259.00
Open
руб1,266.00
Day's High
руб1,294.00
Day's Low
руб1,248.00
Volume
910
Avg. Vol
4,639
52-wk High
руб1,418.00
52-wk Low
руб732.00

Latest Key Developments (Source: Significant Developments)

Russia's Cherkizovo to buy 21 pct of its shares from Prosperity Capital
Tuesday, 11 Jul 2017 02:33pm EDT 

July 11 (Reuters) - Cherkizovo Group :Russian meat producer Cherkizovo Group <<>> says its controlling shareholder together with its affiliates will buy approximately 21 percent of the company's ordinary shares and GDRs from funds under the management of Prosperity Capital Management..The deal will total about 12 billion roubles ($197.4 million), priced at 1.3 roubles per ordinary share..A mandatory tender offer will be made to all shareholders of Cherkizovo Group at a price not lower than that in the Prosperity transaction, which is subject to approval by Russia's antitrust authority but is expected to be completed within 30 days..  Full Article

Russia's Cherkizovo says Q1 net profit at 1.9 bln roubles
Wednesday, 17 May 2017 03:16am EDT 

May 17 (Reuters) - Russian meat producer Cherkizovo Group said on Wednesday::Q1 net profit at 1.9 billion roubles ($33.5 million) compared to a loss of 0.4 billion roubles in the first quarter last year;.Q1 revenue was up 13 percent year on year to 21 billion roubles;.Adjusted EBITDA totalled 3.7 billion roubles, more than 5 times higher than in the same period of 2016..  Full Article

Russia's Cherkizovo completes acquisition of NAPKO
Friday, 28 Apr 2017 04:06am EDT 

April 28 (Reuters) - Cherkizovo Group says::Cherkizovo Group completes acquisition of 100 percent of NAPKO, one of Russia's leading grain producers..  Full Article

Russia's Cherkizovo says Q1 poultry volumes down, prices up
Thursday, 27 Apr 2017 03:59am EDT 

April 27 (Reuters) - Russian meat producer Cherkizovo Group says::Q1 poultry sales volumes fell 2 percent year on year to 125,548 tonnes; the average price increased by 5 percent y-o-y to 93.36 roubles ($1.64)/kg..Q1 pork sales increased by 12 percent year on year to 44,978 tonnes; the average price rose by 10 percent y-o-y to 90.23 roubles/kg..Q1 sales in the meat processing division increased by 4 percent y-o-y to 50,479 tonnes; the average price fell by 6 percent y-o-y to 154.94 roubles/kg..  Full Article

Russia's Cherkizovo buys Russian grain producer
Friday, 7 Apr 2017 02:59am EDT 

Russia's Cherkizovo Group says: Acquires NAPKO, a Russian grain producer, for 5 billion roubles ($88 million) in cash and will assume NAPKO's net debt, which stood at 751 million roubles as of the end of March; . This acquisition and the debt used to finance it will not violate any of Cherkizovo's bank covenants; . Cherkizovo will acquire NAPKO's agricultural land of 147,000 hectares located in the Lipetsk, Tambov and Penza regions and the supporting production infrastructure to cultivate the land and store the grain; . Following the acquisition, Cherkizovo's total operating land bank will reach 287,000 hectares; . "Following this acquisition, we expect to increase our self-sufficiency in grain to 60 percent in the next few years from 30 percent at the end of 2016," Sergey Mikhailov, Cherkizovo chief executive said in a statement; . NAPKO produced 250,000 tonnes of grain in 2016; .The deal is expected to be finalised within the next 30 to 60 days..  Full Article

Russia's Cherkizovo could pay 13.65 rbls/shr in 2016 dividends-Ifx
Wednesday, 22 Mar 2017 04:00am EDT 

Cherkizovo Group : The company could pay 13.65 roubles ($0.2370) per share in 2016 dividends, Interfax reported, citing company materials. . Plans to pay a total of 600 million roubles in dividends on 2016 results, down from 2.35 billion roubles the year earlier that included interim dividends. . The company has paid no interim dividends in 2016. Further company coverage: [GCHE.MM] ($1 = 57.5900 roubles) (Reporting By Moscow Newsroom) ((maria.kiselyova@thomsonreuters.com)).  Full Article

Russia's Cherkizovo Q4 adjusted EBITDA up 83 pct y/y
Wednesday, 1 Mar 2017 04:10am EST 

Russia's Cherkizovo says: Q4 adjusted EBITDA rose 83 percent year-on-year to 4.9 billion roubles ($84 million); . Q4 net loss was at 272.5 million roubles compared with a net profit of 881 million roubles a year ago; . Q4 net revenue rose 10 percent year-on-year to 23.2 billion roubles; . Net debt was at 36.9 billion roubles as of the end of 2016 compared to 35.0 billion roubles as of the end of 2015. . Cherkizovo anticipates the first quarter of the year to "be soft"; .Has completed the majority of its capital intensive development phase and is now looking at a more modest capex in 2017..  Full Article

Russia's Cherkizovo says meat sales up 9 pct in 2016
Thursday, 26 Jan 2017 03:00am EST 

Cherkizovo Group says: In 2016, Cherkizovo Group sold 903,000 tonnes of meat products with sales volumes rising 9 percent year-on-year. . Poultry sales increased 6 percent to 500,321 tonnes and the average price edged up 0.4 percent to 94.94 roubles ($1.59)/kg. . Pork sales rose 9 percent to 184,766 tonnes, the average price decreased by 10 percent to 88.28 roubles/kg. . Sales in the meat processing division grew by 14 percent to 218,085 tonnes, the average price fell by 3 percent to 167.84 roubles/kg. .Sales in the grain farming segment totalled 338,808 tonnes, up 27 percent year on year, the average price for 2016 fell by 6 percent to 8.83 roubles/kg..  Full Article

Russia's Cherkizovo posts Q2 net profit after loss in pvs qtr
Wednesday, 24 Aug 2016 03:52am EDT 

Cherkizovo Group says: Q2 net profit at 1.39 billion roubles ($21.5 million) versus a net loss of 440.8 million roubles in Q1 2016; . Q2 adjusted EBITDA at 2.0 billion roubles versus 725.4 million roubles in Q1 2016; . Q2 adjusted EBITDA margin at 9.9 percent versus 3.9 percent in Q1 2016; . Q2 revenue rose 9 percent quarter-on-quarter to 20.29 billion roubles from 18.54 billion roubles in Q2 2015; . The market is beginning to see signs of stability for meat prices. Volatility in pork prices has subsided, poultry prices also appear to have bottomed out, providing early signs of stability. Further company coverage: [GCHE.MM] ($1 = 64.7225 roubles) (Reporting by Moscow Newsroom) ((moscow.newsroom@thomsonreuters.com)).  Full Article

Russia's Cherkizovo reports Q1 net loss of 0.4 bln roubles
Tuesday, 24 May 2016 05:14am EDT 

Cherkizovo Group says: Q1 net loss at 440.8 million roubles ($6.6 million) vs net profit of 2.95 billion roubles in Q1 2015; . Q1 revenue at 18.5 billion roubles, up 8 percent, year-on-year; . Q1 adjusted EBITDA at 725.4 million roubles vs 2.98 billion roubles in Q1 2015. Further company coverage: [GCHE.MM] ($1 = 66.8700 roubles) (Reporting By Moscow Newsroom) ((maria.kiselyova@thomsonreuters.com)).  Full Article