Ovostar Union increased egg exports by 58% in H1 2018

A vertically integrated holding company, one of the leading producers of eggs and egg products in Ukraine Ovostar Union increased the volume of shell eggs sold to 679 mln eggs (+31% y-o-y).

The volume of shell eggs exported grew by 58% as compared to H1 2017 and reached 294 mln eggs, representing 43% of total eggs sales.

In H1 2018 egg production volume was 787 mln eggs (–3% y-o-y).

As of 30 June 2018, total flock equaled to 7.4 mln heads (2017: 7.9 mln heads). The laying flock totaled 6.2 mln heads (2017: 6.7 mln heads). The year-on-year decrease is accounted for mostly by the scheduled flock replacement.

Earlier it was reported that the shareholders of Ovostar Union will discuss the proposal of the Board to transfer the company’s corporate seat from Amsterdam, the Netherlands, to Nicosia, Cyprus.