UKRAINE, Kiev. MHP SE, the parent company of the international agro-industrial group with headquarters in Ukraine, focusing primarily on the production of poultry and cultivation of grain, as well as other agricultural operations (meat processing and meat products ready for consumption), announced its unaudited results for the nine months and third quarter ended 30 September 2018.
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%.