30 Apr 2012 16:20
April 30, 2012
AVANGARDCO INVESTMENTS PUBLIC LIMITED
2011 Annual Report Publication
KYIV, UKRAINE - AVANGARDCO INVESTMENTS PUBLIC LIMITED (LSE: AVGR) (the "Company" or "AVANGARDCO IPL"), the largest producer of shell eggs and egg products in Ukraine and number one producer in Eurasia, announces that the Annual Report for the year to 31 December 2011 is available on the Company's website at http://avangard.co.ua/files/site/Avangard_AR_2011.pdf.
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For investor's inquiries:
Victoria Korolchuk
AVANGARDCO IPL
Head of Investor Relations
Telephone: +38 044 593 28 60
Mobile: +38 067 214 84 23
e-mail: v.korolchuk@avangardco.ua
FTI Consulting London Larisa Millings +44 20 7269 7153 | FTI Consulting Moscow Oleg Leonov +7 495 795 06 23 |
Avangardco IPL is one of the largest agro-industrial companies in Ukraine, specializing in the production of eggs and egg products. Based on figures for the year 2011, the Company holds a 32% share of the Ukrainian egg market (51% of the industrial egg market) and a 87% share of the Ukrainian egg products market. As of 31 December 2011, the total poultry stock of the Company was 25.1 million heads. The Company's plants are located in 14 regions of Ukraine and the Autonomous Republic of Crimea. In 2011 the Company exported its products to the Middle East and Asia. In 2011, revenues amounted to US$553.3 mln (2010: US$439.7 mln) and EBITDA was $245.8 mln (2010: US$193.5 mln).
The Company's shares, in the form of Global Depositary Receipts, have been traded on the London Stock Exchange since May 2010. The Eurobond issue for approximately $200 mln with a maturity on 29 October 2015 was included in the official list of the UK Listing Authority (UKLA) and admitted to trading on a regulated market of the London Stock Exchange on November 1, 2010.