Ukrproduct Share Price (UKR)

For further information, please visit or contact: Ukrproduct Group Ltd. Sergey Evlanchik Chief Executive Officer Tel: +380 44 232 9602 Cantor Fitzgerald Europe Nominated advisor and Broker Stewart Dickson / Julian Erleigh Tel: +44 (0) 20 7894 7000 Jeremy Stephenson / Katie Ratner Tel: +44 (0) 20 7894 7000 About Cantor Fitzgerald Europe Cantor Fitzgerald Europe is a leading global financial services firm at the forefront of financial and technological innovation. It is an unlimited liability company incorporated in the England with its head office at 17 Crosswall, London, E14 2LS. It also operates from branches in Milan, Paris and Tel Aviv. It is authorised and regulated in the United Kingdom by the Financial Services Authority (reference number 149380), and is a member of the London Stock Exchange. It provides an array of financial services to global clients including corporate finance, corporate broking, research, equity and fixed income execution, trading and market making, derivatives, fx, spread betting and CFDs. For more information please visit

29-Apr-13 Seymour Pierce Buy 12.50p 11.00p 20.00p Upgrade. New target price 20p. Same as Cantor Fitzgerald brokers.. Price 12.5 now, if you're selling you're offered 11.5. Volume low or zero for a while. The share will wake up one day. Been static for a while. Overall potential for growth in Ukrain strong especially after Gazprom cut its prices.

29/4/13 Ukrproduct Group: Cantor Fitzgerald ups target price from 11p to 20p and upgrades to buy.

Ukrproduct Group, a large Ukrainian manufacturer of packaged butter and processed cheese, plans by 2015 to launch a first phase of the dairy farm with some 3,500 cows. Do your own research!! Who knows where this share will go when it wakes up!!!

The company's hard cheese sector has repositioned its product offering and its market position is growing though from the small base, while the processed cheese business's share also expanded, widening the gap to its closest competitor. Sales increased both in revenue and tonnage terms, allowing the gross profit to show a significant year-on-year increase. The skimmed-milk-power sector remained suppressed, with profits pushed lower by increased energy costs, weak demand and a decrease in prices both due to global market conditions. In a statement the firm said: "The outlook is to a similar economic environment perhaps accentuated by inflationary currency devaluation and government spending pre the autumn elections. The trading and volume trends will again be pursued in dairy and kvass. Margins pressured as seasonal milk prices increase and inflation pressures especially in fuel. Thus the cost optimization program ... is critical to Ukrproduct success. "Within these dynamics Ukrproduct looks to deliver the improved performance evidenced in the first half on the year."

Ukrproduct Group, a producer and distributor of branded dairy products in the Ukraine, has warned that its half year results were affected by a ban on hard cheese exports to Russia. However, progress in other divisions and a very high fuel inflation has ensured the company is confident of a gross profit for the six month period. The ban caused an oversupply on the domestic market of hard cheese and consequently of butter and skimmed milk powder as several producers chose to switch to the output of these products. More positively, the restrictions on export to Russia together with the re-introduction of the milk subsidy regime prompted higher milk volumes availability in the Ukraine and resulted first in stabilisation and later in a gradual decrease in raw milk prices. This has meant that, despite a decrease in sales revenues compared to the same period in 2011, there has actually been an increase in gross profitability. The firm was keen to emphasise the performance of its recently acquired kvass business, which ferments the traditional beverage, which has resulted in a 'significant increase' in kvass sales as the firm expanded the location of sales and strengthened its presence in the existing regions, resulting in increased profitability.