Question: What are Cherkizovo Group's financial results for 9M 2024, and what do they mean for investors?
Cherkizovo Group has published its financial results for 9M 2024, demonstrating significant growth in key indicators.
Key financial indicators:
Revenue: RUB 188.1 billion, an increase of 16.6% compared to the same period last year.
Financial market
Adjusted operating profit: RUB 15.3 billion, an increase of 56.5%.
Adjusted EBITDA: RUB 22.2 billion, an increase of 39.4%.
Net profit: RUB 9.8 billion, an increase of 28.3%.
Analysis of indicators and their impact on the company:
Revenue: Revenue growth of 16.6% indicates an increase in demand for the company's products and the effective implementation of the sales strategy. The increase in revenue has a positive effect on the overall profitability and financial stability of the company.
Adjusted Operating Profit: The 56.5% increase reflects improved core business performance, which contributes to improved operating margins and overall profitability.
Adjusted EBITDA: The 39.4% increase demonstrates the company's ability to generate stable cash flows needed for investments and debt servicing, which strengthens financial stability.
Net Profit: The 28.3% increase reflects improved overall financial performance and may contribute to an increase in dividend payments to shareholders, increasing their confidence and satisfaction.
Factors that influenced the results:
Investments in development: The company continues to implement an ambitious investment program. The volume of capital expenditures in the first half of the year reached RUB 15.2 billion, an increase of more than 1.6 times compared to the same period last year.
Cherkizovo
Expansion of the product portfolio: An increase in the share of the flagship brands Petelinka and Pava-Pava in the retail market of branded products contributed to revenue growth.
Growth in foodservice and export channels: The Company increased revenue in foodservice and export channels by 45% and 31% respectively, which indicates successful diversification of distribution channels.
Recommendations for investors:
Positive dynamics: Stable growth of financial indicators indicates the reliability and prospects of the company for investment.
Investment program: Active capital investments in development can lead to further growth and strengthening of the company's market position.
Dividend policy: Growth in net profit can lead to an increase in dividend payments, which is a positive factor for shareholders.
Cherkizovo Group demonstrates sustainable growth and effective management, which makes it attractive to investors. However, it is recommended to closely monitor market trends and strategic initiatives of the company to make informed investment decisions.
