Ovostar Union, a leading shell egg and egg goods producer in Ukraine, increased revenue by 26.9% in 2017, to $99 million, according to an unaudited preliminary report.
According to a company report on the Warsaw Stock Exchange (WSE), earnings before interest, taxes, depreciation and amortization (EBITDA) last year grew by 8.3%, to $26 million.
The group plans to boost egg production by 5% in 2018, to 1.75 billion eggs, dry egg products output – by 9%, to 3,550 tonnes and liquid egg products – by 12%, to 13,000 tonnes.
Ovostar Union expects that the number of laying hens this year would grow by 9%, to 7.2 million.
Currently, the group continues its investment program at the site of the Stavyschanska poultry farm, which was started in April 2014 and will be completed in 2019-2020. Upon completion of the investment project, the bird population will reach 10 million heads, egg production – 2 billion eggs a year. Now the program is completed by 60%.
In 2018, the group plans to build two bird houses, two premises for young hens and a feeding installation. According to the company’s estimates, capital investments will amount to about $15 million.
