Specialists evaluated MHP's poultry segment revenue
The poultry segment will contribute about USD 174 mln to Myronivsky Hliboproduct (MHP) EBITDA in 1H18, or 2% more y-o-y. This projection was made by investment analyst at Concorde Capital Andrew Perederey.
"MHP’s stable poultry sales volumes, with an increase in the share of exports in total sales and an improvement of poultry prices, in both local currency and USD terms, will drive the company’s financial results in 2Q18," he noted.
Also, analysts stress that the good crop conditions of spring crops and good yields of winter crops should reduce the risk of lower farming segment results.
"We remain bullish on MHP stock and neutral on its Eurobonds," experts added.
Previously it was reported that in the first half of 2018 MHP had increased poultry exports by 9% and reached 133,564 tons of supplies compared to H1 2017 (123,042 tons).