The organic growth program, which will be included in the next long-term strategy of the Cherkizovo group, will require investments at the level of 40 billion rubles. The general director and co-owner of the group, Sergei Mikhailovykh, told Kommersant about this.
According to him, we are talking about projects in the processing of pork, slaughter and regrouping of part of the poultry houses. The company also continues to consider M&A transactions in all directions: crop production, chicken, pork, etc. “But, to be honest, there are fewer and fewer quality companies on the market, assets are not getting younger,” said Mr. Mikhailov.
Cherkizovo is the largest meat product manufacturer in Russia. It produces products under the brands Cherkizovo, Petelinka, Kurinoe Tsarstvo, Pava-Pava. At the end of 2020, the group’s revenue increased by 7.2%, to 128.8 billion rubles, EBITDA – by 28.8%, to 26.6 billion rubles, net profit more than doubled, to 15.2 RUB bln Sergei Mikhailov and Chairman of the Board of Directors Evgeny Mikhailov own 28.1% of Cherkizovo shares, and Lidia Mikhailova holds 15.5%. 2.5% of securities are traded on the Moscow Exchange.
More details – in an interview with Mr. Mikhailov “Kommersant” “There is a general revision of prices” “.