MHP On the upswing
Since Q2-2018, MHP has been launching new production sites of Phase 2 of the Vinnytsia poultry complex: Since the end of May until the end of September, three rearing sites (brigades) commenced operations; since being commissioned at the beginning of July, the slaughterhouse has been gradually increasing its capacity utilization.
The Q3-2018 highlights were: Poultry production volume reached 150,650 t, up 10% (Q3-2017: 137,005 t). The average chicken meat price increased by 7% year-on-year. Chicken meat exports totaled 80,361 t, increased by 52% compared to Q3-2017, which was 52,990 t.
The highlights of the first 9 month 2018 were: Poultry production volume reached 458,540 t, up 8% (9M-2017: 424,700 t). The average chicken meat price increased by 16% year-on-year. Chicken meat exports increased by 22% to 213,925 t (9M-2017: 176,015 t) as a result of increased exports mainly to countries in MENA and the EU.
The financial highlights for Q3-2018 were: The revenue of $442 mill. increased by 19% year-on-year (Q3-2017: $370 mill.). The export revenue of $275 mill. was 62% of total revenue (Q3-2017: $212 mill. which was 57% of total revenue). The operating profit of $71 mill. decreased by 17% year-on-year; the operating margin was 16%.