Cherkizovo Group’s revenue in 2023 increased by 23%, to 226 billion rubles – Kommersant
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The revenue of the Cherkizovo Group at the end of 2023 increased by 23% compared to 2022 and amounted to 226.7 billion rubles, follows from the financial statements according to IFRS, which are provided by TASS. Net profit increased 2.2 times, to 33 billion rubles.
Revenue from internal operations, as follows from the report, increased to 204.3 billion rubles. from 166.3 billion rubles. in 2022, and from exports – up to 22 billion rubles. from 18 billion rubles. Adjusted EBITDA increased to 49.96 billion rubles, gross profit – to 73.4 billion rubles, operating profit – to 40.4 billion rubles. As of December 31, 2022, the company’s loans and borrowings amounted to RUB 137 billion.
Revenue from the Cherkizovo chicken meat segment increased to RUB 142.2 billion, pig farming to RUB 42.99 billion, meat processing to RUB 43 billion, and crop production to RUB 15.5 billion. Meanwhile, up to 11.5 billion rubles. The turkey meat production segment’s revenue decreased.
The Cherkizovo Group, a producer of pork, poultry, and turkey, owns the brands Petelinka, Myasnaya Guberniya, Imperia Vkusa, and Vasilyevsky Broiler.
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