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MHP SA (MHPCq.L)

MHPCq.L on London Stock Exchange

11.30USD
20 Oct 2017
Change (% chg)

$0.10 (+0.89%)
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$11.20
Open
$11.15
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$11.15
Volume
53,689
Avg. Vol
62,235
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$12.05
52-wk Low
$8.54

Latest Key Developments (Source: Significant Developments)

MHP Q3 ‍poultry production down at 137,005 tonnes ​
Wednesday, 18 Oct 2017 02:00am EDT 

Oct 18 (Reuters) - MHP SA :SAYS ‍POULTRY PRODUCTION VOLUMES IN Q3 2017 CONSTITUTED 137,005 TONNES (Q3 2016: 139,740 TONNES).Q3 POULTRY SALES TO THIRD PARTIES 134,885 TONNES, DOWN 13% VERSUS YEAR AGO​.SAYS ‍DURING Q3 VOLUME OF CHICKEN MEAT EXPORTS TOTALED 52,990 TONNES, DOWN 8% COMPARED TO Q3 2016​.SAYS ‍IN Q3 2017, MHP'S SALES OF SUNFLOWER OIL DECREASED BY 14% TO 76,811 TONNES​.  Full Article

MHP Q2 net profit from continuing operations down at $153 mln​
Thursday, 17 Aug 2017 02:00am EDT 

Aug 17 (Reuters) - MHP SA :Q2 ‍REVENUE OF US$ 321 MILLION, INCREASED BY 22% YEAR-ON-YEAR (Q2 2016: US$ 263 MILLION)​.Q2 ‍PROFIT FOR PERIOD FROM CONTINUING OPERATIONS OF US$ 153 MILLION, COMPARED TO US$ 167 MILLION FOR Q2 2016​.Q2 ‍ADJUSTED EBITDA INCREASED TO US$ 173 MILLION FROM US$ 152 MILLION IN Q2 2016​.Q2 ‍ADJUSTED EBITDA MARGIN DECREASED TO 54% FROM 58%​.‍AS OF 30 JUNE NET DEBT SLIGHTLY DECREASED TO US$ 1,073 MILLION, COMPARED TO US$ 1,081 MILLION AS AT DEC. 31, 2016.‍EXPECTS TO SUCCESSFULLY FULFIL ITS EXPORT SALES PLAN FOR FULL YEAR AND TO EXPORT AROUND 220,000 TONNES OF CHICKEN MEAT​.‍ITS OUTLOOK FOR 2017 HARVEST IS POSITIVE, WITH YIELDS DEPENDING ON WEATHER CONDITIONS IN UKRAINE​.  Full Article

MHP Q2 poultry production volumes up 2% to 145,820 tonnes
Tuesday, 18 Jul 2017 02:06am EDT 

July 18 (Reuters) - MHP SA :POULTRY PRODUCTION VOLUMES IN Q2 2017 INCREASED BY 2% TO 145,820 TONNES (Q2 2016: 142,591 TONNES).DURING Q2 OF 2017 VOLUME OF CHICKEN MEAT EXPORTS TOTALED 71,332 TONNES, WHICH IS BY 31% HIGHER COMPARED TO Q2 2016.IN Q2 2017, MHP'S SALES OF SUNFLOWER OIL INCREASED BY 2% TO 84,880 TONNES COMPARED TO 81,690 TONNES IN Q2 2016.  Full Article

MHP intends to convert to SE
Friday, 23 Jun 2017 02:21am EDT 

June 23 (Reuters) - MHP SA :‍RESOLVED TO SUBMIT FOR APPROVAL OF SHAREHOLDERS TO CONVERT COMPANY FROM A LUXEMBOURG SOCIÉTÉ ANONYME INTO A EUROPEAN COMPANY, OR SOCIETAS EUROPAEA​.‍THIS IS FIRST STEP TOWARDS POSSIBLE TRANSFER OF COMPANY'S REGISTERED OFFICE TO ANOTHER LOCATION WITHIN EU TO ENABLE SIMPLIFICATION OF GROUP'S LEGAL STRUCTURE.THE COMPANY WILL BE RENAMED "MHP SE"​.  Full Article

MHP to purchase $245.2 million notes due 2020 under tender offer
Tuesday, 16 May 2017 08:49am EDT 

May 16 (Reuters) - MHP SA :SAYS HOLDERS OF $245.2 MILLION NOTES DUE 2020 VALIDLY TENDERED THEIR NOTES.SAYS THE TENDER OFFER HAS NOW EXPIRED AND NO FURTHER NOTES CAN BE TENDERED FOR PURCHASE.THE NOTES ACQUIRED IN THE TENDER OFFER WILL BE CANCELLED.MHP LAUNCHED A TENDER OFFER FOR UP TO $350 MILLION OF ITS $750 MILLION NOTES DUE 2020 ON APRIL 18 nFWN1HQ0EU.  Full Article

MHP prices $500 mln 7.75% notes due 2024
Friday, 28 Apr 2017 04:41am EDT 

April 28 (Reuters) - MHP SA ::Has priced its USD 500 million aggregate principal amount of 7.75 percent notes due May 10, 2024.The proceeds to be used to finance its tender for up to $350 mln notes due 2020 and for short-term debt refinancing, general corporate purposes and to finance the expansion and diversification of its poultry and grain businesses.  Full Article

MHP plans new Eurobond transaction
Tuesday, 18 Apr 2017 09:20am EDT 

April 18 (Reuters) - MHP SA ::Is arranging meetings with fixed income investors in connection with its planned new Eurobond transaction and tender offer for up to USD 350 million notes due 2020.  Full Article

MHP launches tender offer for up to $350 mln notes due 2020
Tuesday, 18 Apr 2017 08:58am EDT 

April 18 (Reuters) - MHP SA :Launched invitation to holders of its $750,000,000 8.25 pct notes due April 2, 2020 to tender for purchase for cash up to $350,000,000 outstanding notes.Purpose of tender offer is to manage and lengthen debt maturity profile by refinancing portion of notes with notes to be issued by company (new notes).Early tender deadline is April 27, tender offer will finally expire on May 15.Early tender offer consideration is $1,027.50 per $1,000 note and tender offer consideration is $997.50 per $1,000 note.  Full Article

MHP opens processing facility in Slovakia
Thursday, 30 Mar 2017 03:29am EDT 

MHP SA : Says has invested into and opened processing facility in Slovakia .When complete, total capital expenditures for the processing services of chicken products in Slovakia are expected to reach around $3 million.  Full Article

MHP Q4 net loss narrows to $28 million
Wednesday, 15 Mar 2017 03:00am EDT 

MHP SA : Q4 revenue of US$ 313 million, increased by 24 percent year-on-year . Q4 net loss for period is US$ 28 million, compared to loss of US$ 83 million for Q4 2015 . Q4 EBITDA $72 million versus $68 million year ago . Q4 foreign exchange loss $55 million versus loss of $122 million year ago .In 2017 plans to start construction of phase 2 (line1) of Vinnytsia project with ultimate aim of elevating production to around 730,000 tonnes per year by 2020.  Full Article

BRIEF-MHP Q3 ‍poultry production down at 137,005 tonnes ​

* SAYS ‍POULTRY PRODUCTION VOLUMES IN Q3 2017 CONSTITUTED 137,005 TONNES (Q3 2016: 139,740 TONNES)