Prelim FY11 real growth +5.2% YoY; volatile Jan. steel exports; Severstal: steel prices flat in \'12; Ovostar \'12 sales

Ovostar Union N.V. (OVO PW, NR, PLN95.0), Ukraine\'s second-largest shell egg and egg products manufacturer, announced that its 2011 unaudited revenue grew 35.2% YoY, to US$50.063m (2010: US$37.033m), with shell eggs accounting for 68% (US$34.0m) of total sales, and 439m pieces sold (2010: 351m) at an average price of US$0.0776 per piece (2010: US$0.069 per piece). Dry egg products contributed 13.5% to the revenue (US$6.752m), with 1,338 tonnes sold (2010: 1,107 tonnes) at an average price of US$5,046 per tonne (2010: US$4,457/tonne). Liquid egg products made up roughly the same 13.5% (US$6.747m), with 4,072 tonnes sold (2010: 3,285 tonnes) at an average price of US$1,657 per tonne (2010: US$1,556/tonne). For the first time ever, Ovostar received US$1.391m from sales of 1,432 tonnes of sunflower oil (2010: 0 tonnes) at an average price of US$972 per tonne. Ovostar did not provide its EBITDA and net income financial results, as the provided data are interim.

In 2011, the company increased its capacities to accommodate laying hens by 28% YoY, to 2.7m hen places, up from 2.1m in 2010. As of the end of December, 2011, the total flock size was 3.1m birds (2010: 2.4m birds), including 2.3m laying hens (2010: 1.8m laying hens).
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