MHP chief executive sets out growth plans
Speaking at its Capital Markets Day in London recently, MHP chief executive Yuriy Kosyuk said he wanted the business to be a “game changer” within the global poultry industry.
“MHP’s reputation as Europe’s most efficient poultry producer has ensured further growth in both production and revenues, contributing to another success year for the business,” explained Kosyuk. “We have also completed the next stage of the state-of-the art Vinnitsia Poultry Complex and successfully acquired Perutnina Ptuj in Slovenia.
“But our appetite to grow this company remains strong and we believe there are more opportunities for MHP in our key markets, Europe and the Middle East.”
In its half-year results, MHP posted a 36% year-on-year increase in revenue, with export revenue up 43% although its net profit was down 17% year-on-year.
Kosyuk said that it was essential for MHP to invest in its processing facilities if it wants to achieve its growth goals. “Key to future organic growth is investment in new ‘best in class’ poultry complexes, producing quality products to the highest standards. But we are actively looking at other partnerships and acquisitions outside of Ukraine where MHP can implement its efficient business model.
“We are also developing a new approach with clients by adapting products so they are consumer-ready, deepening our model of vertical integration.”
Meat processing businesses are becoming more savvy when it comes to sustainability, and MHP is no different. Kosyuk outlined its green agenda for the future. “MHP will continue to lead the industry in green energy. We are pioneering a sustainable agriculture model through new technologies like biogas and other alternative energy sources.
“Through our relentless commitment to efficiency and innovation, MHP can be a game-changer for the global poultry industry, ensuring consumers can have quality food products at affordable prices.”