Market announcement
AS PRFoods
LEI code
529900PFXFO2ZDCRNK93
Size of the entity
Medium group
Economic activities
Financial and Insurance Activities
Country of registered office
Estonia
General information
Categories
Half-yearly financial report
Unique data record identifier
3450
Attachments
Submission date and time
15.08.2011 16:05:00
Content of announcement in Estonian
Title
PRF: AS Premia Foods auditeerimata majandustulemused, 2. kvartal ja 6 kuud 2011
Message
Tallinn, Eesti, 2011-08-15 15:05 CEST (GLOBE NEWSWIRE) --
2. kvartal
Konsolideeritud käive oli 27,6 miljonit eurot, kasv 6,3 miljonit eurot ehk 30%.
Brutorentaablus 29,5 protsenti, kasv aastaga 3,7 protsendipunkti.
Brutokasum oli 8,1 miljonit eurot, kasv 2,6 miljonit eurot ehk 48%.
EBITDA äritegevusest ehk enne kalavarude ümberhindlust oli 2,7 miljonit eurot,
kasvades aastaga 0,9 miljoni euro ehk 53% võrra.
Puhaskasum 1,1 miljonit eurot, kasvades aastaga 0,3 miljoni euro ehk 38% võrra
1. poolaasta
Konsolideeritud käive oli 44,2 miljonit eurot, kasv 8,0 miljonit eurot ehk 22%.
Brutorentaablus oli 25,7%, kasvades aastaga 2,3 protsendipunkti võrra.
Brutokasum 11,4 miljonit eurot, kasv 2,9 miljonit eurot ehk 34%.
Brutorentaabluse ja - kasumi kasvu peamiseks mootoriks olid kala- ja
jäätisesegmendi väga head tulemused.
EBITDA äritegevusest oli 2,1 miljonit eurot, samal tasemel 2010.aastaga.
1.poolaastaga teenis ettevõte 0,9 miljonit eurot kahjumit.
Järgnevas koondtabelis on välja toodud kontserni põhilised arvnäitajad teises
kvartalis ja esimesel poolaastal.
Kasumiaruanne, milj 1.kv 2.kv 6k 2011 1.kv 2.kv 6k 2010
eur
--------------------------------------------------------------------------------
Müügitulu 16,7 27,6 44,2 15,0 21,3 36,3
Brutokasum 3,2 8,1 11,4 3,0 5,5 8,5
EBITDA äritegevusest -0,6 2,7 2,1 0,4 1,8 2,1
EBITDA -1,3 2,2 0,9 0,0 2,2 2,2
EBIT -2,3 1,2 -1,1 -0,9 1,3 0,3
Puhaskasum -2,0 1,1 -0,9 -1,1 0,8 -0,4
Brutorentaablus 19,4% 29,5% 25,7% 20,0% 25,8% 23,4%
EBITDA marginaal -7,8% 8,0% 2,0% 0,0% 10,3% 6,1%
EBIT marginaal -13,8% 4,4% -2,5% -6,1% 5,9% 1,0%
Puhasrentaablus -11,9% 4,0% -2,0% -7,6% 3,6% -1,1%
Tegevuskulude 29,6% 23,4% 25,7% 25,1% 24,0% 24,4%
suhtarv
Bilanss, milj eur 31.12.10 31.03.11 30.06.11 31.12.09 31.03.10 30.06.10
--------------------------------------------------------------------------------
Netovõlgnevus 11,2 14,5 13,0 18,5 20,1 10,2
Omakapital 41,4 39,4 40,1 27,7 26,6 39,6
Käibekapital 12,8 12,1 12,9 3,3 2,7 8,5
Varad 68,9 68,9 70,6 62,8 62,4 74,6
Likviidsuskordaja 1,87 1,75 1,73 1,15 1,12 1,36
Omakapitali suhtarv 60% 57% 57% 44% 43% 53%
Finantsvõimendus 21% 27% 24% 40% 43% 21%
Netovõlg/EBITDA 1,58 2,50 2,24 2,98 3,15 1,65
Omakapitali tootlus 4% 1% 2% 3% 5% 3%
Varade tootlus 2% 1% 1% 1% 2% 2%
Suhtarvude valemid on välja toodud vahearuandes.
Premia Foodsi tooteportfellis on esimese poolaasta tulemuste põhjal
domineerivatel positsioonidel kala- ja jäätisesegmendid vastavalt 39% ja 37%
osakaaludega, külmkaup annab kogukäibest 22%.
Kala- ja kalatoodete segmendi peamiseks sihtturuks on Soome, jäätisesegmendi
sihtturgudeks on Baltikum ja Peterburi linn ning Leningradi oblast. Külmkaupa
müüb Premia Eestis, Lätis ja Leedus.
Premia Foods tegutseb täna viiel sihtturul ning kolmes erinevas segmendis,
sealjuures kõigil turgudel ning segmentides on Premia esimese kahe juhtiva
kaubamärgi seas, nii nagu ettevõtte strateegia ette näeb.
Premia Foodsi 2. kvartali ja 1.poolaasta võtmenäitajad tegevusvaldkondade kaupa:
mln EUR 1.kv 2.kv 6k 2011 1.kv 2.kv 6k 2010
-------------------------------------------------------------------------
Müügitulu
Jäätis 4,0 12,2 16,3 1,9 9,2 11,1
Külmutatud tooted 4,9 5,0 10,0 5,0 5,1 10,1
Kala ja kalatooted 7,4 9,8 17,2 7,8 6,7 14,5
Muu 0,3 0,5 0,8 0,3 0,2 0,5
Kokku 16,7 27,6 44,2 15,0 21,3 36,3
Brutokasum
Jäätis 1,0 5,3 6,3 0,8 3,8 4,5
Külmutatud tooted 1,1 0,9 2,1 1,1 1,1 2,3
Kala ja kalatooted 1,0 1,8 2,7 1,4 0,2 1,5
Brutorentaablus (%)
Jäätis 26% 43% 39% 40% 41% 41%
Külmutatud tooted 23% 19% 21% 22% 22% 22%
Kala ja kalatooted 13% 18% 16% 18% 2% 11%
EBITDA äritegevusest
(enne kalavarude ümberhindlust)
Kala ja kalatooted 0,2 0,9 1,1 0,3 0,2 0,5
EBITDA
Jäätis -0,4 2,0 1,5 0,1 1,6 1,7
Külmutatud tooted -0,3 0,1 -0,1 -0,3 -0,1 -0,4
Kala ja kalatooted -0,5 0,4 -0,1 0,0 0,6 0,6
Ärikasum
Jäätis -0,8 1,5 0,7 -0,1 1,2 1,1
Külmutatud tooted -0,5 0,1 -0,4 -0,5 -0,2 -0,8
Kala ja kalatooted -0,8 0,1 -0,7 -0,3 0,3 0,0
Lisa: Premia Foodsi 2011.aasta 2.kvartali ja 6 kuu auditeerimata vahearuanne
Lisainfo:
Kuldar Leis
AS Premia Foods
Juhatuse esimees
T: 6 033 800
[email protected]
www.premiafoods.eu
Content of announcement in English
Title
PRF: AS Premia Foods unaudited interim report, 2nd quarter and 6 months of 2011
Message
Tallinn, Estonia, 2011-08-15 15:05 CEST (GLOBE NEWSWIRE) --
2nd quarter
The consolidated turnover of Premia Foods in the 2nd quarter 2011 was 27.6
million euro, increasing by 6.3 million euro, i.e. by 30% year on year basis.
The gross margin of Premia Foods in the 2nd quarter was 29.5%, increasing by
3.7 percentage points year on year basis.
The group's gross profit in the 2nd quarter was 8.1 million euro, increasing by
2.6 million euro, i.e. 47% year on year basis.
The operational EBITDA in 2nd quarter, i.e. before the revaluation of the
livestock, was 2.7 million euro, increasing by 0.9 million euro, i.e. 53% year
on year basis.
The consolidated net profit of Premia Foods in the 2nd quarter was 1.1 million
euro, increasing by 0.3 million euro, i.e. 38% year on year basis.
6 months
The consolidated turnover of 6 months was 44.2 million euro, increasing by 8.0
million euro, i.e. by 22% year on year basis. The proportion of export in the
turnover was 72%.
The gross margin in the first half year of 2011 was 25.7%, increasing by 2.3
percentage points year on year basis.
The gross profit of Premia in the first half of 2011 amounted to 11.4 million
euro, the increase compared to the last year was 2.9 million euro, i.e. 34 %.
The greatest contributor to the growth of gross margin and gross profit were
very good results of the ice cream and fish segements.
The EBITDA in the first half year was 2.1 million euro, which is on the same
level as in 2010.
In the first half year, the company resulted in net loss of 0.9 million euro.
The group's key ratios of the 2nd quarter and first half year have been
indicated in the following table.
Profit & Loss, EUR Q1 Q2 6m'11 Q1 Q2 6m'10
mln
--------------------------------------------------------------------------------
Sales 16.7 27.6 44.2 15.0 21.3 36.3
Gross profit 3.2 8.1 11.4 3.0 5.5 8.5
EBITDA from -0.6 2.7 2.1 0.4 1.8 2.1
operations
EBITDA -1.3 2.2 0.9 0.0 2.2 2.2
EBIT -2.3 1.2 -1.1 -0.9 1.3 0.3
Net profit -2.0 1.1 -0.9 -1.1 0.8 -0.4
Gross margin 19.4% 29.5% 25.7% 20.0% 25.8% 23.4%
EBITDA margin -7.8% 8.0% 2.0% 0.0% 10.3% 6.1%
EBIT margin -13.8% 4.4% -2.5% -6.1% 5.9% 1.0%
Net margin -11.9% 4.0% -2.0% -7.6% 3.6% -1.1%
Operating expense 29.6% 23.4% 25.7% 25.1% 24.0% 24.4%
ratio
Balance Sheet, EUR 31.12.10 31.03.11 30.06.11 31.12.09 31.03.10 30.06.10
mln
--------------------------------------------------------------------------------
Net debt 11.2 14.5 13.0 18.5 20.1 10.2
Equity 41.4 39.4 40.1 27.7 26.6 39.6
Working capital 12.8 12.1 12.9 3.3 2.7 8.5
Assets 68.9 68.9 70.6 62.8 62.4 74.6
Liquidity ratio 1.87 1.75 1.73 1.15 1.12 1.36
Equity ratio 60% 57% 57% 44% 43% 53%
Gearing ratio 21% 27% 24% 40% 43% 21%
Net debt-to-EBITDA 1.58 2.50 2.24 2.98 3.15 1.65
ROE 4% 1% 2% 3% 5% 3%
ROA 2% 1% 1% 1% 2% 2%
The formulas of key indicators are available in interim report.
The greatest proportions in the product portfolio of Premia Foods during the
first half year are held by the fish and ice cream business segments,
representing respectively 39% and 37% of the whole product portfolio, the
respective number of the frozen goods business segment is 22% of the total
turnover.
The main target market for fish and fish products business segment is Finland,
for ice cream business segment the Baltic states and St. Petersburg region.
Frozen goods are sold in Estonia, in Latvia and in Lithuania.
As at today, Premia Foods operates in five target markets and three business
segments, whereas Premia is represented among two leading brands in all its
target markets and in business segments.
The main figures by business segments of Premia Foods for 2nd quarter and 6
months are the following.
EUR million Q1 Q2 6m 2011 Q1 Q2 6m 2010
------------------------------------------------------------------------
Sales
Ice cream 4.0 12.2 16.3 1.9 9.2 11.1
Frozen food 4.9 5.0 10.0 5.0 5.1 10.1
Fish and fish products 7.4 9.8 17.2 7.8 6.7 14.5
Other 0.3 0.5 0.8 0.3 0.2 0.5
Total 16.7 27.6 44.2 15.0 21.3 36.3
Gross profit
Ice cream 1.0 5.3 6.3 0.8 3.8 4.5
Frozen food 1.1 0.9 2.1 1.1 1.1 2.3
Fish and fish products 1.0 1.8 2.7 1.4 0.2 1.5
Gross margin
Ice cream 26% 43% 39% 40% 41% 41%
Frozen food 23% 19% 21% 22% 22% 22%
Fish and fish products 13% 18% 16% 18% 2% 11%
EBITDA from operations
(before fair value adjustment)
Fish and fish products 0.2 0.9 1.1 0.3 0.2 0.5
EBITDA
Ice cream -0.4 2.0 1.5 0.1 1.6 1.7
Frozen food -0.3 0.1 -0.1 -0.3 -0.1 -0.4
Fish and fish products -0.5 0.4 -0.1 0.0 0.6 0.6
EBIT
Ice cream -0.8 1.5 0.7 -0.1 1.2 1.1
Frozen food -0.5 0.1 -0.4 -0.5 -0.2 -0.8
Fish and fish products -0.8 0.1 -0.7 -0.3 0.3 0.0
Appendix: Consolidated Unaudited Interim Report of Premia Foods for 2nd quarter
and 6 months, 2011.
Additional information:
Kuldar Leis
Premia Foods
CEO
T: +372 6 033 800
[email protected]
www.premiafoods.eu