OREANDA-NEWS. February 07, 2014. Cherkizovo Group (LSE:CHE), Russia’s leading integrated meat and fodder manufacturer, announces its operating results for the fourth quarter of 2013 and full year 2013.

Poultry Division

Sales volume in the Poultry division in 2013 increased by 7% y-o-y to 342 637 tonnes of sellable weight compared to 319 210 tonnes in 2012.

Prices in ruble terms decreased by 2% y-o-y from 78.62 RUR/kg in 2012 to 77.12 RUR/kg in 2013. Compared to the price of 77.09 RUR/kg in the third quarter of 2013, the price in the fourth quarter of 2013 increased by 1% to 78.05 RUR/kg.

Prices in dollar terms decreased by 4% y-o-y from USD2.53/kg in 2012 to USD 2.42/kg in 2013. Compared to the price of USD 2.35/kg in the third quarter of 2013, the price in the fourth quarter of 2013 increased by 2% to USD 2.40/kg.

Pork Division

Sales volume in the Pork division in 2013 increased by 52% y-o-y to 157 565 tonnes of live weight, compared to 103 877 tonnes in 2012.

Prices in ruble terms decreased by 14% y-o-y from 76.52 RUR/kg in 2012 to 65.68 RUR/kg in 2013. Compared to the price of 70.31 RUR/kg in the third quarter of 2013, the price in the fourth quarter of 2013 increased by 1% to 71.32 RUR/kg.

Prices in dollar terms decreased by 16% y-o-y from USD 2.46/kg in 2012 to USD 2.06/kg in 2013 (live weight). Compared to the price of USD 2.14/kg in the third quarter of 2013, the price in the fourth quarter of 2013 increased by 2% to USD 2.19/kg.

Meat Processing Division

Sales volume in the Meat Processing division increased by 6% y-o-y to 134 530 tonnes in 2013 from 127 403 tonnes in 2012.

Prices in ruble terms were almost flat at 148.39 RUR/kg in 2012 vs. 148.78 RUR/kg in 2013. Compared to the price of 146.18 RUR/kg in the third quarter of 2013, the price in the fourth quarter of 2013 increased by 7% to 156.32 RUR/kg.

Prices in dollar terms decreased by 2% y-o-y to USD 4.67/kg in 2013 compared to USD 4.77/kg in 2012. Compared to the price of USD 4.46/kg in the third quarter of 2013, the price in the fourth quarter of 2013 increased by 8% to USD 4.80/kg.

Grain Division

In 2013 Cherkizovo harvested more than 175 000 of grain (bunker weight), which is 51% higher than in 2012, stated at about 116 000 tonnes. Harvest in net weight was at about 163 000 tonnes in 2013, which is 48% higher than 110 000 tonnes in 2012. In 2013 agricultural season the Company sowed approximately 40 thousand hectares in the Orel and Voronezh regions.

Sales volume in the Grain division increased by 24% y-o-y to 139 565 tonnes in 2013 from 112 414 tonnes in 2012. Wheat, barley and corn accounted for 80% of sales (in tonnes) in 2013.

Prices in ruble terms decreased by 27% y-o-y from 8.28 RUR/kg in 2012 to 6.01 RUR/kg in 2013. Compared to the price of 5.08 RUR/kg in the third quarter of 2013, the price in the fourth quarter of 2013 increased by 25% to 6.37 RUR/kg.

Prices in dollar terms decreased by 29% y-o-y from USD 0.27/kg in 2012 to USD 0.19/kg in 2013. Compared to the price of USD 0.15/kg in the third quarter of 2013, the price in the fourth quarter of 2013 increased by 26% to USD 0.20/kg.