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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Investcafe
Provider: Investcafe

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Gruppa Cherkizovo OAO Comments on 2013 and 2014 Production Guidance-Interfax

Friday, 30 Aug 2013 10:23am EDT 

Interfax reported that according to preliminary estimates Gruppa Cherkizovo OAO may increase sales of poultry meat to 370,000-380,000 tons in 2014. Pork sales could reach 180,000 tons and processed meat products to 130,000-145,000 tons, Finance Director of the Company, Ms. Lyudmila Mikhaylova, said on a conference call. A more accurate forecast the Company will be able to give at the end of November - beginning of December. According to Ms. Mikhaylova, in 2013 sales of poultry meat may increase up to 350,000 tons, of pork up to 160,000 tons, and sales in the processed meat segment may reach 135,000-140,000 tons. In 2012, the Company increased sales of poultry meat by 23% compared to 2011 to 319,000 tons; pork by 14% to 103,900 tons. Sales in the meat processing segment decreased by 12% to 127,000 tons. 

Company Quote

27 Feb 2015