Ovostar Union exports more eggs, cuts production in 9M2022

Ovostar Union, one of Ukraine's largest egg and egg products producers, reported a 5% lower egg production in January-September 2022 at 1 190 mln (9M2021: 1 254 mln).

Sales volume of shell eggs totalled 824 mln (2021: 844 mln eggs). Export sales in the egg segment equalled 223 mln eggs or 27% of the total sales volume (2021: 209 mln eggs and 25% respectively).

In the reporting period, 339 mln eggs were processed (2021: 376 mln eggs). The output of dry and liquid egg products was 2 239 t and 7 609 t respectively (2021: 2 134 tons and 10 122 t).

Sales volume of dry egg products equalled 1 611 t (2021: 2 512 t), out of which 1 083 t, or 67%, were exported (2021: 1 704 t and 68% respectively).

Sales volume of liquid egg products equalled 7 529 t (2021: 10 233 t), out of which 3 117 t, or 41%, were exported (2021: 2 876 t and 28% respectively).

The company's total flock was 6.84 mln (2021: 7.98 mln heads) as of 30 September. The laying flock was 5.75 mln heads (2021: 6.63 mln heads).

“During the third quarter of 2022, the companies of the Group kept operating under the pressure of risks and uncertainties caused by the ongoing russian military invasion in Ukraine. Previously reported reduction of the flock resulted in a 5% decrease in the volume of eggs produced as compared to the 9 months of 2021. The sales volume in the egg segment, however, decreased by just 2% YoY due to the lower volumes of processed eggs (-10% YoY). Within the egg products segment, the focus was placed on the production of dry products that have a longer shelf life (+5% YoY). Taking into account the specifics of the current operational environment in Ukraine, the management finds the operational performance of the Group for the nine months of the year satisfactory,” commented Ovostar CEO Borys Bielikov.

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