Ovostar reports preliminary 43% EBITDA margin in 2011

Ovostar (OVO PW) reported key preliminary financial indicators for 2011 this week: revenues grew 37% yoy to USD 50.6 mln, and EBITDA increased 88% yoy to USD 21.7 mln, with a margin of 43% vs. 31% in 2010. The company said 70% of revenues were attributed to shell eggs, 27% to egg products and the remainder to sunflower oil. Retail chains accounted for 43% of shell egg segment revenues in 2011, up from 39% in 2010. Ovostar plans to issue its audited financial statements for 2011 on April 30.