Ovostar releases Q3 2015 operating report

One of the leading producers of eggs and egg products in Ukraine demonstrated another bunch of strong operating results, focusing on development of export.

Total eggs production in Q3 made 308 mln eggs, which was by 13% more than in corresponding period of previous year (in total in 9m2015 888 mln eggs was produced, +20% vs. 9m2014). Sales of shell eggs made 76% of total realization volume 235 mln eggs (+21%), driven by boosting export, which increased vs. Q3 2014 by 2.5 times, while domestic realization remained relatively stable.

For the whole 9m2015 shell eggs sales made 656 mln eggs (+33% vs. 9m2014), while average realization price in UAH terms grew from UAH 0.76 per egg up to UAH 1.25. It is also worth to note that average realization price in Q3 2015 made vs. UAH 1.2 per egg in 6m2015.

As for eggs processed, volume of realization in Q3 increased by 8% v. corresponding period of Y2014 up to 250 mln units (including both liquid and dry eggs products, stable rate of growth vs. 6m2015), also mainly attributable to development of export operations: the share of dry egg products exported out of total sales volume amounted to 51%.

The company continues to develop its investment program: a fifth laying hens house has been completed on the premises of Stavysche production complex in September 2015.

Financial results of the company for Q3 and 9M 2015 will be released on November 12.

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