In February 2018 the unaudited consolidated sales revenue of PRFoods increased
by +117.5% y-o-y, i.e. by +4.1 million euros due to acquisition of new
companies, reaching the level of 7.6 million euros. Comparable sales revenue
increased by +17.5%, i.e. +0.5 million euros.
Majority of growth in comparable sales is contributed to increasing prices for
our products. The acquisition of John Ross Jr., Coln Valley and Trio Trading has
increased Group’s sales by 3.3 million euros and will further support of
strategy of international growth and profitability.
Sales revenue increased in by +0.3 million euros, i.e. 3.7% compared to pro
forma sales revenue in February 2017. Pro forma sales revenue in February 2017
includes all group companies.
Pro forma revenue is divided by largest target markets as following: Finland
5.3 million euros, UK 0.9 million euros, Latvia 0.6 million euros, Estonia 0.4
million euros and France 0.2 million euros. Remaining revenue 0.2 million euros
consists of export to various countries.
Starting from 2018, the Group is publishing sales revenue monthly by product
groups. Detailed overview of sales revenue by customer groups and countries will
be published quarterly.
Consolidated Pro Forma
+-------------+-------+-------+------+---------+-------+-------+------+--------+
|Revenues mln| | | | | | | | |
|EUR |02’2018|02’2017|change| change %|02’2018|02’2017|change|change %|
+-------------+-------+-------+------+---------+-------+-------+------+--------+
|Smoked | | | | | | | | |
|products | 2.6| 1.3| 1.3| +97.3%| 2.6| 2.7| -0.1| -3.5%|
+-------------+-------+-------+------+---------+-------+-------+------+--------+
|Other fish | | | | | | | | |
|products | 0.6| 0.5| 0.1| +23.6%| 0.6| 0.7| -0.1| -17.5%|
+-------------+-------+-------+------+---------+-------+-------+------+--------+
|Raw fish and | | | | | | | | |
|fillets | 4.4| 1.7| 2.7| +155.1%| 4.4| 3.9| 0.5| +12.9%|
+-------------+-------+-------+------+---------+-------+-------+------+--------+
|Other | 0.1| 0.0| 0.1|+2,410.7%| 0.1| 0.1| 0.0| +0.4%|
+-------------+-------+-------+------+---------+-------+-------+------+--------+
|Total | 7.6| 3.5| 4.1| +117.5%| 7.6| 7.4| 0.3| +3.7%|
+-------------+-------+-------+------+---------+-------+-------+------+--------+
The largest increase compared to previous year in revenue came from the raw fish
and fillets products group, which increased by +2.7 million euros, i.e.
+155.1%. The revenue from the smoked products group increased by +1.3 million
euros, i.e. +97.3% and the revenue from the other fish product group increased
by +0.1 million euros, i.e. +23.6%.
Indrek Kasela
AS PRFoods
Member of the Management Board
Phone: +372 452 1470
investor@prfoods.ee
www.prfoods.ee
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