19 July 2017
Poultry export of the company grew y-o-y by 31% up to 71k tons, the share of export in total poultry sales in reporting period made more than 45%.
Poultry sales, tons
thereof export, tons
Price per 1 kg, UAH
Vegetable oil sales, tons
In Q2 2017 poultry sales of MHP made 157k tons, which has been by 24% more than in previous quarter and by 11% more than in Q2 2016. As a result in H1 2017 poultry sales of the company made 284k tons (+14% y-o-y). We specially note that growth of realization volumes took place despite relatively stable production (at account of the fact that in H1 2017 inventory stocks of finished production in poultry segment decreased by 11k tons, while during the same period of Y2016 – increased by 20k tons).
In line with general MHP strategy export became main driver of sales growth of the company – in H1 2017 poultry export of the company increased by 44% y-o-y up to 123k tons (83% of total Ukrainian poultry export for reporting period of time). The share of export in total MHP poultry sales in H1 2017 made 43% (vs. 34% a year ago).
Volumes of MHP poultry realization on domestic market have been almost unchanged vs. last year – in Q2 2017 they made 86k tons, in H1 2017 as a whole – 161k tons.
In latest reporting quarter average poultry realization of MHP in Ukrainian national currency increased y-o-y by 20% up to UAH 32.9/kg (we also note growth of prices vs. previous quarter in UAH by 4.4%, in USD growth has been even higher because of certain UAH revaluation).
On average in H1 2017 average MHP poultry price increase y-o-y in USD terms by 13%, in UAH terms – by 18%.
In Q2 and H1 2017 MHP slightly increase realization of vegetable oils. In Q2 sales of sunflower oil grew y-o-y by 4% up to 85k tons, soybean oil – by 16% up to 6.5k tons. For the whole H1 2017 vegetable oils sales made 181.3k tons, which has been by 2% higher than in previous year.
As for Grains growing segment, in its report the company noted good current condition of its spring crops, along with it harvesting of early crops has been already started – at the moment MHP harvested about 14% of early crops.
Financial report of the company for H1 2017 is to be issued on 17 August 2017.