Cherkizovo

Last updated
Cherkizovo
Native name
Черкизово
Company typeOpen Joint-Stock Company
MCX:  GCHE
Industry Food industry
Founded2005
Headquarters Russia, Moscow
Key people
ProductsMeat products
Revenue$2.14 billion [1]  (2021)
$263 million [1]  (2021)
$229 million [1]  (2021)
Total assets $2.65 billion [1]  (2021)
Total equity $1.09 billion [1]  (2021)
Number of employees
above 20,000
Website Official website OOjs UI icon edit-ltr-progressive.svg

Cherkizovo (full name: Open Joint Stock Company 'Cherkizovo') is a Moscow-based Russian food company that is a major producer and processor of poultry and pork. [2] [3] [4]

Contents

History

The group was founded in 2005 in the union of the APC "Cherkizovsky" and APC "Mikhaylovskiy". [5]

In May 2011, Cherkizovo completed the acquisition of 100% of Mosselprom  [ ru ], a company specializing in the production of poultry products. It costed Cherkizovo $252.9 million, of which $183.8 million was Mosselprom's debt. Part of the deal was paid for with shares of Cherkizovo itself. [6]

In March 2014, Cherkizovo Group acquired the largest Voronezh poultry meat producer LISKO Broiler. According to Kommersant newspaper, the deal was worth 5 billion rubles. Thus, Cherkizovo became the largest producer of poultry meat in Russia: as a result of the acquisition of LISKO Broiler (about 95 thousand tons of meat per year), the company's poultry capacity reached 550 thousand tons, ahead of the previous leader, Prioskolye (470 thousand tons per year). [7]

In December 2018, Cherkizovo bought an asset in Siberia for 4.6 billion roubles ($70 million) from its local rival ZAO Prioskolie. [8]

In December 2021, Cherkizovo announced 100% asset consolidation of "Tambovskaya Indeyka" LLC, by buying back 50% of capital of Spanish "Grupo Fuertes" in their joint LLC. [9] In January 2022, the deal wal closed and thereby "Grupo Fuertes" increased its stake in the holding company, PJSC "Cherkizovo Group" from 8,58% up to 11,12%. [10]

In February 2022, Cherkizovo announced 8,5 billion roubles of investments in a pig complex in Tambov Oblast, totalling company`s investments in the region by 15 billion roubles since 2013. [11]

Owners and management

In 2010, the main shareholders of the company was the JPMorgan Chase Bank (31.9%) and the company MB Capital Partners (58.74%); whose owners (in the par basis) chairman Igor Babaev, CEO Sergei Mikhailov, Lydia Mikhailov, and Evgeny Mikhailov. [12]

In May 2006, Cherkizovo held an IPO at Russian Trading System, the Moscow Stock Exchange and the London Stock Exchange (LSE). As a result, 27.8% of the total share capital is in free circulation. The group's capitalization after IPO reached 904 million. [13]

Activities

In 2011, the group announced the investment of 19.5 billion rubles in a major project for the production and processing of poultry meat in the Lipetsk Oblast. [14]

Performance

In 2012, the company sold 319.2 thousand tons of poultry meat, 103.8 thousand tons of pork, 127.4 thousand tons of processed meat products and has collected more than 115 tons of various cultures. Wheat yield was about 3.4 tons per hectare, barley yield was about 3.3 tonnes per hectare, sunflower yield was about 2.6 tonnes per hectare, and maize yield was about 6.1 tonnes per hectare, which exceeded the average. Revenue U.S. GAAP in 2012 amounted to $1,581.7 million, EBITDA of $314.6 million, and net profit of $225.2 million. [15]

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References

  1. 1 2 3 4 5 "Consolidated Financial Statements for the year ended 31 December 2021 and Independent Auditor's Report" (PDF). Cherkizovo. 17 February 2022. p. 59. Retrieved 17 February 2022.
  2. ↑ "Лакмус фондового рынка" [Stock market litmus]. Expert (in Russian). 2010-07-19. Archived from the original on 2010-07-26.
  3. ↑ "Cherkizovo Group PJSC - Company Profile and News". Bloomberg L.P. Retrieved 2020-08-17.
  4. ↑ "Cherkizovo". annualreports.com. Retrieved 2020-08-17.
  5. ↑ "Cherkizovo Company Profile". Markets Insider . Retrieved 2020-08-17.
  6. ↑ "Акции в обмен на курицу" [Shares in exchange for chicken]. Vedomosti (in Russian). 2014-04-19. Archived from the original on 2014-04-19. Retrieved 2020-09-16.
  7. ↑ ""Черкизово" приобрело "Лиско Бройлер" за 5 млрд рублей" [Cherkizovo acquires Lisko Broiler for 5 billion rubles]. Kommersant (in Russian). 2014-03-26. Retrieved 2020-09-16.
  8. ↑ "Russian poultry group Cherkizovo in talks to buy rival Prioskolie- sources". Reuters. 2019-04-02. Retrieved 2020-08-17.[ dead link ]
  9. ↑ "Группа Черкизово намерена консолидировать 100% СП Тамбовская индейка" (in Russian). Интерфакс. 2021-12-10.
  10. ↑ "Группа Черкизово консолидировала 100% Тамбовской индейки" (in Russian). Интерфакс. 2022-01-20.
  11. ↑ "Группа Черкизово инвестирует в строительство свинокомплекса под Тамбовом 8,5 млрд рублей" (in Russian). ТАСС. 2022-02-11.
  12. ↑ "Накормить инвесторов" [Feed investors]. Vedomosti (in Russian). No. 72 (2590). 2010-04-22. Archived from the original on 2010-04-25.
  13. ↑ "Бабаево царство". Vedomosti (in Russian). Retrieved 2020-09-16.
  14. ↑ Irina Skrinnik (2011-04-22). "Взлет "Черкизово"". Vedomosti (in Russian). Archived from the original on 2012-09-05. Retrieved 2011-04-22.
  15. ↑ "ОАО «Группа Черкизово» объявляет финансовые результаты за 2012 год" [ОАО Cherkizovo Group announces its financial statements for the 12 months ended December 31, 2012] (Press release) (in Russian). Cherkizovo Group. Archived from the original on 2013-04-09. Retrieved 2011-04-22.
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