Avangardco

What Avangardco does

Avangardco (AVANGARDCO INVESTMENTS PUBLIC LIMITED) is a vertically integrated Ukrainian agro-industrial holding and the largest producer of shell eggs and dry egg products in Ukraine and Europe. The company operates a complete production cycle including 6 HACCP-certified compound feed mills, 3 hatcheries, 10 rearing farms, 19 poultry farms (claimed as Europe's largest laying hen flock), 3 long-term egg storage facilities, a biogas plant, and 2 full-cycle poultry complexes (AVIS and Chornobaivske). Egg processing is concentrated at the Imperovo Foods plant equipped with SANOVO (Denmark) production lines, producing dry egg powder, dry egg white (whipping and gel-forming variants), dry yolk, fermented dry yolk, and pasteurized frozen and chilled liquid egg melange. Consumer shell eggs are marketed domestically under the Kvochka brand family across all major Ukrainian retail chains.

The company generates revenue primarily through wholesale and enterprise B2B sales of shell eggs and processed egg products, with pricing negotiated per customer based on volume, product specifications, and packaging. Domestically, it supplies retail chains, supermarkets, wholesale distributors, and industrial food manufacturers. Internationally, products are exported to more than 40 countries — primarily Middle East (UAE, Iraq, Qatar), Africa, Asia, CIS, and the EU — through a dedicated export subsidiary (ULF Trade AG, Switzerland) and direct sales. H1 2019 consolidated revenue was $84.8M (up 25% YoY) with exports contributing 53% of revenue. The company holds ISO 22000:2005, ISO 9001, FSSC 22000, HACCP, EU export, and Halal certifications, and is listed on the London Stock Exchange via Global Depositary Receipts under ticker AVGR. Avangardco is a subsidiary of UkrLandFarming PLC, the diversified Ukrainian agro-industrial group founded by Oleg Bakhmatyuk, and is currently undergoing debt restructuring following the 2014 loss of approximately 50% of its Eastern Ukrainian assets.

Name

Avangardco

Legal name

AVANGARDCO INVESTMENTS PUBLIC LIMITED

Website

https://avangardco.ua

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Avangardco is Ukraine's and Europe's largest vertically integrated producer of shell eggs and dry egg products, operating 19 poultry farms, feed mills, hatcheries, and the Imperovo Foods processing plant. It supplies the Kvochka brand domestically and exports to 40+ countries, listed on the LSE as AVGR.

Ownership category

akta.pro rank

Product category

Egg and Poultry Products

NAICS

Poultry and Egg Production (1123), Chicken Egg Production (112310), Poultry Hatcheries (11234)

SIC

Food And Kindred Products (2000), Agricultural Prod-Livestock & Animal Specialties (200)

akta.pro primary industry

Eggs & Egg Products (Shell, Liquid, Value-Added) (CRADACAJ)

akta.pro secondary industries

Egg breaking & separation (yolk/white; whole egg) (AFANAHAA), Liquid egg processing (pasteurized whole/yolk/white) (AFANAHAB), Dried egg processing (spray-dried whole/yolk/white; powders) (AFANAHAD), Egg ingredient manufacturing (albumen, yolk solids, egg protein isolates/hydrolysates) (AFANAHAG), Eggs (Shell & Liquid) Wholesale (AFAIAEAD), Value-Added Egg Products (Hard-Boiled, Omelets, Egg Mixes) Wholesale (AFAIAEAH)

Keywords

• Shell egg production
• Egg processing
• Poultry farming
• Dry egg products
• Compound feed manufacturing

Headquarters

HQ city

Kyiv

HQ country

Ukraine

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Shell Eggs Sales: Production and sale of fresh chicken eggs in various sizes (S, M, L) and colors (white, brown). Distributed through retail chains, supermarkets, wholesale buyers, and industrial customers in Ukraine under the 'Kvochka' brand. Export to 40+ countries worldwide.
2. Egg Products Sales: Production and sale of processed egg products including dry egg powder, dry albumin (foaming and gel-forming), dry yolk, fermented dry yolk, pasteurized frozen liquid egg melange, and chilled liquid egg melange. Manufacturing at Imperovo Foods processing plant. Customization available with added sugar, salt, and other additives per client requirements.
3. Day-Old Chicks Sales: Incubation and sale of day-old laying hen chicks, young laying hen rearing and sale, and poultry for slaughter
4. Compound Feed Sales: Production and sale of compound feed for poultry. Feed mills certified to HACCP standards supply laying hens within the company's operations and sell surplus feed externally
5. Other Agricultural Products: Sales of poultry meat and offal, crop production output, organic fertilizers, and other goods and services

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Avangardco is a vertically integrated agricultural producer of shell eggs and processed egg products. The company operates compound feed mills, hatcheries, rearing and laying hen farms, long-term egg storage, a biogas plant, and the Imperovo Foods egg processing plant (equipped with SANOVO lines from Denmark). It sells Kvochka-branded shell eggs to Ukrainian retail chains and Imperovo Foods dry and liquid egg products to industrial food manufacturers and export customers in more than 40 countries.

Product overview

Avangardco IPL is a vertically integrated agricultural holding and Ukraine's leading egg and egg product producer. The company operates 19 poultry farms, 6 feed mills, 3 hatcheries, and other facilities. The product portfolio consists of two main lines: (1) Consumer eggs sold under the 'Квочка' (Kvochka) brand family including Квочка XL, Квочка Premium, standard Квочка, Домашні (free-range style), and Вільний Вигул (free-range), plus Файна Курка chicken meat brand; and (2) Industrial egg products manufactured at the Imperovo Foods processing plant (one of Europe's most technologically advanced egg processing facilities equipped with SANOVO lines from Denmark), including dry egg white in whippable and gel-forming variants, dry whole egg powder, dry and fermented yolk, and pasteurized frozen or chilled liquid egg melange. Products are sold domestically in Ukrainian retail networks and exported to more than 40 countries.

Differentiator

Problem solved

Functional benefit

Brands

• Квочка (Kvochka): Ukrainian consumer egg brand, sold in all major retail chains across Ukraine. Product line includes КВОЧКА XL, КВОЧКА PREMIUM, КВОЧКА, ДОМАШНІ (Free Range), ФАЙНА КУРКА, and ВІЛЬНИЙ ВИГУЛ (Free Range) variants. Eggs are certified to ISO 9001, ISO 22000, HACCP, and Halal standards.
• Imperovo Foods

Products and services

• Kvochka XL (КВОЧКА XL)

Quantifiable outcome

• 30% of Ukraine's industrial egg market and 66% of dry egg products market
• +4 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• ULF Trade AG (Switzerland)coreChannel Partner/ Reseller/ Distributor · 1 January 2010Trading subsidiary established in Switzerland in 2010 to manage international sales and distribution. ULF Trade AG sells agricultural products directly to global players including Bunge, Noble Resources, Cargill, and Glencore. The trading company enables direct delivery to ports and avoids additional logistical costs faced by competitors.
• SANOVO (Denmark)coreTechnology or IntegrationDanish company and world leader in egg processing equipment manufacturing. Imperovo Foods processing plant is fully equipped with SANOVO production lines, making it one of the most technologically advanced egg processing facilities in Europe.
• German-Ukrainian Chamber of Commerce (AHK Ukraine)minorStrategic or Co-development PartnerGerman-Ukrainian Chamber of Commerce President Andreas Lier has commented on Ukraine's agricultural potential and the value of Ukrainian black earth (chernozem), positioning Ukraine as an important agricultural partner for Germany and Europe.
• Ukrlandfarming GroupcoreOthersAVANGARDCO IPL is a subsidiary of Ukrlandfarming Group, Ukraine's largest vertically integrated agricultural holding company founded by Oleg Bakhmatyuk. The group manages one of the largest farmland portfolios in Ukraine and includes grain, eggs, and meat production operations. Investments in agricultural assets exceed $2.2 billion.

Scale indicators13 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Ovostar Union: Publicly listed Ukrainian vertically integrated egg and egg products producer; competes head-to-head with Avangardco in Ukrainian shell eggs and processed egg products, exports to similar MENA and EU markets, and operates its own layer farms and processing lines. Most directly comparable peer.
• Eurovo Group: Leading European egg producer and processor headquartered in Italy; produces shell eggs and processed egg products for retail and industrial customers across Europe — directly comparable to Avangardco in the European processed-egg segment and EU export markets.
• Daybreak Foods: Large US shell egg producer with egg products processing capacity supplying industrial customers; comparable in layer flock scale and B2B ingredient capability versus Avangardco's industrial egg products operations.
• Kewpie Corporation: Japanese food company with a major global processed egg products business (mayonnaise, liquid and processed eggs) serving retail and industrial customers worldwide; directly comparable to Avangardco in industrial egg ingredient processing and export-focused B2B supply.
• Michael Foods: Major US processed egg products company (part of Post Holdings) producing liquid, frozen, and dried egg products for foodservice, retail, and industrial customers; highly comparable to Avangardco's Imperovo Foods line of pasteurized melange, dry egg powder, and egg white derivatives.
• Hillandale Farms: Large US egg producer operating shell egg production and processing; supplies retail, wholesale, and foodservice customers in the US — directly comparable in layer farming, grading, and distribution model to Avangardco's Kvochka branded retail and wholesale business.
• Rembrandt Enterprises: US-based egg producer and processor focused on shell eggs and specialty egg products including pasteurized and extended-shelf-life eggs for retail and industrial customers; comparable to Avangardco in processed-egg capability and industrial B2B sales motion.
• Rose Acre Farms: Family-owned US shell egg producer with integrated operations including pullet raising, layer farming, and processing for retail and foodservice; comparable to Avangardco's vertically integrated, multi-stage production model and large US footprint.

Broad incumbents

• Cal-Maine Foods: Largest shell egg producer in the United States with vertically integrated production, branded retail eggs, and significant market share; serves as a global benchmark for scale-driven egg economics and is comparable in operating model (layer farming, packing, distribution to retail and foodservice) though primarily North American in geographic focus.

Emerging players

• Pulmuone: Korean food manufacturer with significant egg products and tofu operations, expanding internationally in plant-based and protein foods; comparable in egg-based ingredient product development and Asian market orientation, though with broader food portfolio than Avangardco.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks2 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/avangardco.ipl

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Avangardco