Ovostar Union N.V. (WSE: OVO) (hereinafter, the “Company”), a vertically integrated holding company, one of the leading producers of eggs and egg products in Ukraine, announces its operational results for the nine months of 2013.
Egg segment
As at 30 September 2013 the total flock of the Company increased by 22% yoy to 4.41 mln hens from 3.62 mln hens as at 30 September 2012. Laying hens flock increased by 41% yoy to 3.74 mln hens (9M2012: 2.65 mln hens).
Over the reporting period egg production increased by 32% yoy to 648 mln eggs (9M2012: 490 mln eggs). The volume of eggs sold increased by 26% to 410 mln from 326 mln in the same period previous year. Over the 9 months of 2013 egg selling price increased by 3% to 0.651 UAH/piece* compared to 0.633 UAH/piece in the nine months of 2012.
Egg products segment
Over the 9 months of 2013 the Company processed 199 mln eggs (9M2012: 154 mln eggs). As a result, sales volumes of dry and liquid egg products increased by 55% yoy to 1,132 tons and by 42% yoy to 4,992 tons (9М2012: 733 and 3,506 tons, respectively). Average selling price of dry egg products increased by 6% yoy reaching 44.74 UAH/kg while average selling price of liquid egg products stayed almost the same at 15.15 UAH/kg (9M2012: dry egg products: 42.24 UAH/kg, liquid egg products: 15.09 UAH/kg).
Investment program
The Company’s 2012-2013 investment program is being implemented in accordance with schedule. Full effect of this program will be reached in 2014.
*All prices stated in this press-release are indicated net of VAT (20%)
UAH/USD exchange rate as at 30.09.2013 = 7.9930
For investor relations enquiries please contact:
Kateryna Pavlovska
Head of Investor Relations
Ovostar Union
+38 050 411 33 37
e.pavlovskaya@invest.ovostar.ua
