In 2011, in order to consolidate the Group’s assets in the Netherlands, the holding company Ovostar Union N.V. was incorporated. On June 29 2011 the Ovostar Union Group of Companies carried out an IPO on the Warsaw Stock Exchange. Sold 1.5 million shares (25% of the company's capital), the IPO amounted to 93 million Polish zlotys (PLN).
An oil production plant for the production of feed additives was built.
The first stage of the investment program for 2011-2012, announced during the IPO, was completed, worth $46.5 million, of which $31 million was raised as a result of the IPO, $15.5 million — due to reinvestment of company’s profit.
A full modernization was carried out, which allowed to almost double the production capacity.
The number of laying hens amounted to 3.1 million. Shell egg sales — to 445 million pieces.
Unaudited revenue amounted to 482 million UAH.
The Ovostar plant received the FSSC: 22000 certificate adopted by the Global Food Safety Initiative.
The reconstruction of the production complex in Krushynka village, Vasylkiv disctrict, Kyiv region, was completed, production capacities for the maintenance of hens were increased to 5.4 million poultry places.
Egg processing capacity expanded to 2.0 million eggs per day.
Capacities for maintaining the parent livestock increased to 88 thousand poultry places, for growing young birds to 1.66 million poultry places, the incubator potential increased to 1 million places of simultaneous laying.
The production capacity of the compound feed plant has grown to 56 tons of feed per hour. Grain storage capacities at the elevator increased to 29 thousand tons of simultaneous storage.
The total flock has grown by 19 %, up to 5 million. The number of laying hens increased by 24 % to 3.9 million. Egg sales increased by 32 % to 585 million.
Unaudited revenue amounted to 652 million UAH.
A poultry house for 326 thousand places and a poultry house for parent livestock for 29 thousand places in the village of Stavyshche were put into operation.
Egg sales for the year increased by 25% to 733 million pieces, while exports grew 3 times, from 30 to 89 million eggs.
The total flock increased by 12% to 5.6 million, the number of laying hens — by 15% to 4.4 million. Start of egg products export to the EU.
The total livestock of Ovostar Union increased by 16% to 6.5 million, the number of laying hens increased by 20% and amounted to 5.3 million.
Net income amounted to $31.9 million. Sales office opened in the EU (Ovostar Europe, Latvia).
Cages meeting Directive 1999/74/EC requirements began to be used.
Revenue increased by 3%, from $75.6 million to $77.7 million.
The company's EBITDA amounted to $24.1 million.
Ovostar Union received permission to export Class A eggs to the European Union.
The company was the first in the Ukrainian market to start the production of fermented thermostable yolk.
The total flock increased by 1.7% and amounted to 7.69 million animal units, and the volume of egg production increased by 12% to 1’659 million.
The company opened a sales office in the Middle East (UAE Food Trade FZE, Dubai, UAE).
The parent holding company changed jurisdiction from the Netherlands to Cyprus in order to optimize the structure of the Group.
Two new poultry houses were built at the Stavyshche production site and a MOBA Omnia-PX700 sorting machine with a capacity of 252 thousand eggs per hour was installed.
The total investment in the development of the production facilities of the Group amounted to $17.6 million.
1.6 billion eggs were collected, the number of laying hens amounted to 6.4 million. Domestic sales grew by 19%, exports — by 11%.
The Group's revenue for the year amounted to $125 million (an increase of 27%), and net profit — $17.5 million.
Ovostar Union products are in demand in 55 countries — in the markets of EU, Middle East, Southeast Asia and Africa. The company manages export sales through its own sales offices in Latvia and the UAE.
The vertically integrated production of Ovostar Union covers the processes from the manufacture of animal feed to the developed distribution structure of sales.
On the national market, products are presented in big national food retail chains and local retailers, which makes them available for every consumer.
The Group provides more than 1600 jobs. A consolidated, professional team and a positive working environment are the priorities of Ovostar Union corporate culture.