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22 Jul 2010 13:06
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July 22, 2010 |
For Immediate Release |
AVANGARDCO INVESTMENTS PUBLIC LIMITED
Analyst Site Visit
KYIV, UKRAINE - AVANGARDCO INVESTMENTS PUBLIC LIMITED (LSE: AVGD) (the "Company" or "Avangard"), one of the leading agro-industrial companies in Ukraine, is hosting today and tomorrow a visit for analysts to its operations in Kyiv, Khmelnitsky and Ivano-Frankivsk,Ukraine.
This visit is intended to provide a greater understanding of the Company's activities. Any comments on trading and all information provided will be consistent with that given in the Company's IPO prospectus, issued on 30th April, 2010.
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For further information please contact:
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Investor Relations inquiries Victoria Korolchuk
+38 044 593 2860
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Media inquiries Oksana Prosolenko
+38 044 593 2860
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Financial Dynamics London Ben Foster Marc Cohen
+44 20 7831 3113
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Financial Dynamics Moscow Leonid Solovyev Olga Terebova
+7 495 795 06 23
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Notes to Editors
Information of Avangard
The Company is a holding company for a group (the "Group") that is one of the leading agro-industrial companies in Ukraine, focusing on the production of shell eggs and egg products. The Company is the number one producer of shell eggs and dry egg products in Ukraine with a market share of approximately 23% (including 39% of industrially produced shell eggs) and 52% respectively in 2009. As of 31 December 2009, Avangard's flock consists of approximately 16,121 thousand birds. Avangard's production facilities are located across 14 regions in Ukraine and also in the Autonomous Republic of Crimea. In 2009 Avangard exported its shell eggs and egg products to 16 countries mainly in the Middle East and Asia. In 2009 The Company generated revenues of USD $319.855 million (2008: USD $302.292 million), EBITDA of USD $152.092 million (2008: USD $113.738 million). Since May 2010 Avangard shares are listed on the Main Market of London Stock Exchange.
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