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
Management interim statement or quarterly financial report
Unique data record identifier
4224
Attachments
Submission date and time
12.11.2013 09:00:00
Content of announcement in Estonian
Title
2013. aasta 3. kvartali ja 9 kuu konsolideeritud auditeerimata vahearuanne
Message
Tallinn, Eesti, 2013-11-12 08:00 CET (GLOBE NEWSWIRE) --
Premia Foodsi 2013.a. 3. kvartali ja 9 kuu majandustulemusi iseloomustasid
kolmandat kvartalit järjest jätkunud käibekasv, oluliselt paranenud kasumlikkus
ning tegevuskulude vähenemine.
Esmakordselt ettevõtte ajaloos saavutas Premia üle 10%-lise orgaanilise
kvartaalse käibekasvu, kui 3.kvartali käibekasvuks oli 13,8%. 2013.a. 3.
kvartali ärikasum kasvas võrrelduna aasta varasema perioodiga 2,6 korda,
ulatudes 2,7 miljoni euroni, 9 kuu kokkuvõttes oli vastav näitaja 3,1 miljonit
eurot ning kasv 4,6 kordne. Puhaskasum kasvas 2013.a. 3. kvartalis aasta
varasema ajaga võrreldes 1,9 korda, ulatudes 2,1 miljoni euroni, 9 kuu
kokkuvõttes kasvas puhaskasum aasta varasema perioodiga võrreldes 2,8 korda,
jõudes 1,9 miljoni euroni.
Ettevõtte peamised majandustegevuse näitajad aruandlusperioodil olid
alljärgnevad:
-- Premia Foodsi 2013.a. 3. kvartali auditeerimata konsolideeritud käive
kasvas võrrelduna 2012.a. 3. kvartaliga 13,8% ehk 3,3 miljoni euro võrra,
ulatudes 26,9 miljoni euroni. 2013.a. 9 kuu auditeerimata konsolideeritud
käive oli 72,9 miljonit eurot, kasvades aastaga 9,2 % ehk 6,1 miljoni euro
võrra. 2013.a. 9 kuu kokkuvõttes kasvas käive kõigis Premia Foodsi
ärisegmentides ja sihtturgudel.
-- Ettevõtte 2013.a.3. kvartali brutokasum oli 7,1 miljonit eurot, jäädes
aasta varasemaga võrreldes samale tasemele. 2013.a. 9 kuu kokkuvõttes
teenis Premia 18,8 miljonit eurot brutokasumit, tulemus jäi aastatagusele
tulemusele alla 0,4 miljoni euroga, peamiselt põhjustas selle kalasegmendi
kahanenud brutokasumlikkus. Jäätise- ja külmkaubasegment teenisid 2013.a.
3. kvartalis kokku 0,5 miljoni euro võrra rohkem brutokasumit kui aasta
varem, 9 kuu kokkuvõttes teenisid nimetatud segmendid võrreldes 2012.a. 9
kuuga 1,6 miljonit eurot suurema brutokasumi.
-- Premia 2013.a. 3.kvartali EBITDA oli 3,3 miljonit eurot, ületades aasta
varasema tulemuse 1,8 kordselt. 2013.a. 9 kuu kokkuvõttes oli EBITDA 5,0
miljonit eurot, ületades aasta varasema tulemuse 1,6 kordselt. EBITDA
kasvas 2013.a. 9 kuu kokkuvõttes kõigis ärisegmentides, suurim panus tuli
jäätisesegmendist.
-- Kalavarude ümberhindluse positiivne mõju ettevõtte ärikasumile oli
võrreldes aasta varasema ajaga 3.kvartalis 1,3 miljonit eurot, 2013.a. 9
kuu kokkuvõttes oli positiivne mõju ärikasumile 2,4 miljonit eurot.
-- EBIT oli 2013.a. 3. kvartalis 2,7 miljonit eurot, ületades aastataguse
tulemuse 2,6 kordselt. 2013.a. 9 kuu kokkuvõttes oli EBIT 3,1 miljonit
eurot, mis ületab aasta varasema tulemuse 4,6 kordselt. Ärikasum paranes
2013.a. 9 kuu kokkuvõttes samuti kõigis segmentides, suurim kasv tuli
siingi jäätisesegmendist.
-- Puhaskasum oli 2013.a. 3. kvartalis 2,1 miljonit eurot, ületades
aastataguse näitaja 1,9 kordselt. 2013.a. 9 kuu kokkuvõttes teenis Premia
puhaskasumit 1,9 miljonit eurot, ületades aastataguse tulemuse 2,8
kordselt.
-- Tegevuskulude suhtarv vähenes võrreldes 2012.a. vastava perioodiga
3.kvartalis 4,6 protsendipunkti ning 9 kuu kokkuvõttes 2,8 protsendipunkti.
Absoluutsummas vähenesid tegevuskulud aasta baasil 2013.a. 3. kvartalis 0,4
miljoni euro võrra, 9 kuu kokkuvõttes 0,5 miljoni euro võrra.
VÕTMENÄITA
JAD
Kasumiaruanne, 1.kv 2.kv 3.kv 9k 1.kv 2.kv 3.kv 9k 2012
milj eur 2013
Müügitulu 18,3 27,8 26,9 72,9 17,1 26,1 23,6 66,8
Brutokasum 3,8 8,0 7,1 18,8 4,2 7,9 7,1 19,3
EBITDA -0,4 2,4 2,1 4,1 0,0 2,7 2,1 4,9
äritegevusest
EBITDA -0,7 2,4 3,3 5,0 -0,6 1,9 1,9 3,2
EBIT -1,3 1,7 2,7 3,1 -1,4 1,1 1,0 0,7
Puhaskasum -1,2 1,0 2,1 1,9 -1,2 0,8 1,1 0,7
Brutorentaablus 20,6% 28,6% 26,4% 25,8% 24,5% 30,4% 30,2% 28,8%
Äritegevuse EBITDA -2,2% 8,8% 7,8% 5,7% 0,1% 10,5% 8,9% 7,3%
marginaal
EBIT marginaal -7,3% 6,2% 10,0% 4,2% -8,3% 4,0% 4,4% 1,0%
Puhasrentaablus -6,5% 3,7% 7,7% 2,6% -6,9% 2,9% 4,7% 1,0%
Tegevuskulude 27,1% 22,7% 21,6% 23,4% 29,7% 24,0% 26,1% 26,2%
suhtarv
Bilans 31.12.12 31.03.13 30.06.13 30.09.13 31.12.11 31.03.12 30.06.12
30.09.12
s,
milj
eur
Netovõ 13,8 13,2 15,2 14,6 11,3 12,2 12,0
10,9
lgnevu
s
Omakap 36,5 35,3 36,1 38,2 40,5 39,3 39,8
37,1
ital
Käibek 12,1 10,4 10,8 13,1 12,8 12,0 12,4
9,7
apital
Varad 63,2 62,4 67,7 66,1 64,1 64,2 68,5
65,4
Likvii 1,91 1,73 1,58 1,86 2,19 1,91 1,70
1,55
dsusko
rdaja
Omakap 58% 57% 53% 58% 63% 61% 58%
57%
itali
suhta
rv
Finant 28% 27% 30% 28% 22% 24% 23%
23%
svõime
ndus
Netovõ 2,71 2,80 3,46 3,31 2,55 1,98 2,19
2,06
lg/EBI
TDA
Omakap 0% 0% 1% 3% -1% 1% 0%
-1%
itali
tootl
us
Varade 0% 0% 1% 2% -1% 0% 0%
-1%
tootl
us
Konsolideeritud finantsseisundi aruanne
EUR ‘000 30.09.2013 31.12.2012 30.09.2012
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Raha ja raha ekvivalendid 1 254 1 357 1 490
Nõuded ja ettemaksed 9 091 8 152 8 422
Varud 10 032 10 308 10 520
Bioloogilised varad 7 953 5 631 6 789
Käibevara kokku 28 330 25 448 27 221
Edasilükkunud tulumaksuvara 393 473 477
Pikaajalised finantsinvesteeringud 127 131 88
Kinnisvarainvesteeringud 2 084 2 084 2 084
Materiaalne põhivara 12 712 12 499 13 000
Immateriaalne vara 22 424 22 548 22 571
Põhivara kokku 37 741 37 735 38 220
--------------------------------------------------------------------------
VARAD KOKKU 66 070 63 183 65 441
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Võlakohustused 5 373 3 953 4 088
Võlad ja ettemaksed 9 895 9 399 13 480
Lühiajalised kohustused kokku 15 268 13 352 17 568
Võlakohustused 10 433 11 239 8 350
Edasilükkunud tulumaksukohustus 858 659 901
Sihtfinantseerimine 1 322 1 479 1 537
Pikaajalised kohustused kokku 12 613 13 377 10 788
Kohustused kokku 27 881 26 729 28 356
Aktsiakapital 19 342 19 342 19 342
Ülekurss 16 026 16 026 16 026
Kohustuslik reservkapital 6 6 6
Muud reservid 57 42 36
Realiseerimata kursivahed 665 485 508
Jaotamata kasum 2 093 553 1 167
Emaettevõtte aktsionäridele kuuluv osa 38 189 36 453 37 085
Omakapital kokku 38 189 36 453 37 085
--------------------------------------------------------------------------
OMAKAPITAL JA KOHUSTUSED 66 070 63 183 65 441
--------------------------------------------------------------------------
Konsolideeritud koondkasumiaruanne
EUR ‘000 3.kv 2013 3.kv 2012 9k 2013 9k 2012
--------------------------------------------------------------------------------
Müügitulu 26 854 23 591 72 906 66 788
Müüdud kaupade kulu -19 759 -16 461 -54 089 -47 537
--------------------------------------------------------------------------------
Brutokasum 7 094 7 130 18 817 19 251
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Tegevuskulud -5 788 -6 159 -17 046 -17 497
Müügi- ja turustuskulud -4 868 -5 183 -14 165 -14 048
Üldhalduskulud -920 -976 -2 881 -3 449
Neto muud tulud ja kulud 93 131 199 250
Bioloogiliste varade väärtuse muutus 1 287 -54 1 118 -1 326
--------------------------------------------------------------------------------
Ärikasum 2 685 1 048 3 088 678
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Finantstulu -17 128 20 150
Finantskulu -250 -112 -836 -456
Kasum enne ettevõtte tulumaksu 2 418 1 065 2 272 372
Ettevõtte tulumaks -343 42 -345 315
--------------------------------------------------------------------------------
Perioodi kasum 2 075 1 107 1 927 687
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Muu koondkasum
Realiseerimata kursivahed 57 45 180 117
Muu koondkasum 57 45 180 117
Koondkasum kokku 2 132 1 152 2 107 804
Perioodi kasum:
Emaettevõtte aktsionäride osa 2 075 1 107 1 927 687
Perioodi kasum kokku 2 075 1 107 1 927 687
Perioodi koondkasum:
Emaettevõtte aktsionäride osa 2 132 1 152 2 107 804
Koondkasum kokku 2 132 1 152 2 107 804
Kasum aktsia kohta
Tava puhaskasum aktsia kohta (EUR) 0,05 0,03 0,05 0,02
Lahustatud puhaskasum aktsia kohta (EUR) 0,05 0,03 0,05 0,02
Lisainfo:
Katre Kõvask
AS Premia Foods
Juhatuse esimees
T: 6 033 800
[email protected]
www.premiafoods.eu
Content of announcement in English
Title
PRF: Consolidated Unaudited Interim Report for 3rd quarter and 9 months of 2013
Message
Tallinn, Estonia, 2013-11-12 08:00 CET (GLOBE NEWSWIRE) --
The financial results of Premia Foods during the 3rd quarter and 9 months,
2013, may be characterized by the increase of turnover for the third quarter in
a row, considerably improved profitability and decreased operating costs.
For the first time in the company’s history, Premia reached organic quarterly
increase of turnover by over 10% as the increase of turnover of the 3rd quarter
was 13.8%. The EBIT in the 3rd quarter of 2013 increased 2.6 times, if compared
to the same period of the previous year, reaching 2.7 million euro; in the
summary of 9 months the corresponding figure was 3.1 million euro and the
growth was 4.6 times. The net profit increased during the 3rd quarter of 2013,
if compared to the same period of the previous year, by 1.9 times, reaching 2.1
million euro; in the summary of 9 months the net profit increased, if compared
to the same period of the previous year, by 2.8 times, reaching 1.9 million
euro.
The main financial results of the operations of the company during the
reporting period are the following:
<ul><li>The unaudited consolidated turnover of the 3rd quarter of 2013 of
Premia Foods increased by 13.8%, i.e. 3.3 million euro, if compared to the
results of the 3rd quarter of 2012, reaching 26.9 million euro. The unaudited
consolidated turnover of 9 months of 2013 was 72.9 million euro, having
increased on a yearly basis by 9.2%, i.e. 6.1 million euro. In the summary of 9
months of 2013, the turnover increased in all the business segments and target
markets of Premia Foods. </li><li><span style="font-size:11pt;">The company’s
gross profit of the 3</span>rd<span style="font-size:11pt;"> quarter of 2013
was 7.1 million euro, remaining at the same level as during the same period of
the previous year. In the summary of 9 months of 2013, Premia earned a gross
profit of 18.8 million euro, which is 0.4 million euro less than the result of
the same period of the previous year, whereas the main reason thereof is the
decreased gross margin of the fish business segment. During the 3</span>rd<span
style="font-size:11pt;"> quarter of 2013, the ice cream business segment and
the frozen goods business segment earned 0.5 million euro more gross profit, if
compared to the results of the previous year; in the summary of 9 months the
referred business segments earned 1.6 million more gross profit, if compared to
the 9 months of 2012.</span></li><li>Premia’s EBITDA of the 3rd quarter of 2013
was 3.3 million euro, exceeding the result of the previous year by 1.8 times.
In the summary of 9 months of 2013, the EBITDA was 5.0 million euro, exceeding
the result of the previous year by 1.6 times. The EBITDA increased in the
summary of 9 months of 2013 in all the business segments, the largest
contribution came from the ice cream business segment.</li><li>The positive
impact of livestock revaluation on the operating profit of the company during
the 3rd quarter was 1.3 million euro, if compared to the previous year; in the
summary of 9 months of 2013, the positive impact on the operating profit was
2.4 million euro. </li><li>The EBIT in the 3rd quarter of 2013 was 2.7 million
euro, exceeding the result of the previous year by 2.6 times. In the summary of
9 months, the EBIT was 3.1 million euro, which exceeds the result of the
previous year by 4.6 times. Also the operating profit improved during the 9
months of 2013 in all the business segments, the largest increase here came
once again from the ice cream business segment.</li><li>The net profit of the
3rd quarter of 2013 was 2.1 million euro, exceeding the result of the previous
year by 1.9 times. In the summary of 9 months of 2013, Premia earned a net
profit of 1.9 million euro, exceeding the result of the previous year by 2.8
times.</li><li>The operating expense ratio decreased during the 3rd quarter by
4.6 percentage points, if compared to the same period of 2012, and in the
summary of 9 months by 2.8 percentage points. In total, the operating expenses,
on an annual basis, decreased during the 3rd quarter of 2013 by 0.4 million
euro, in the summary of 9 months by 0.5 million euro. </li></ul>
KEY
RATIOS
Profit & Loss, EUR Q1 Q2 Q3 9m Q1 Q2 Q3 9m 2012
mln 2013
Sales 18,3 27,8 26,9 72,9 17,1 26,1 23,6 66,8
Gross profit 3,8 8,0 7,1 18,8 4,2 7,9 7,1 19,3
EBITDA from -0,4 2,4 2,1 4,1 0,0 2,7 2,1 4,9
operations
EBITDA -0,7 2,4 3,3 5,0 -0,6 1,9 1,9 3,2
EBIT -1,3 1,7 2,7 3,1 -1,4 1,1 1,0 0,7
Net profit -1,2 1,0 2,1 1,9 -1,2 0,8 1,1 0,7
Gross margin 20,6% 28,6% 26,4% 25,8% 24,5% 30,4% 30,2% 28,8%
Operational EBITDA -2,2% 8,8% 7,8% 5,7% 0,1% 10,5% 8,9% 7,3%
margin
EBIT margin -7,3% 6,2% 10,0% 4,2% -8,3% 4,0% 4,4% 1,0%
Net margin -6,5% 3,7% 7,7% 2,6% -6,9% 2,9% 4,7% 1,0%
Operating expense 27,1% 22,7% 21,6% 23,4% 29,7% 24,0% 26,1% 26,2%
ratio
<stron 31.12.12 31.03.13 30.06.13 30.09.13 31.12.11 31.03.12 30.06.12
30.09.12
g
style
="font
-size:
11pt;
">Bala
nce
Sheet
, EUR
mln
Net 13,8 13,2 15,2 14,6 11,3 12,2 12,0
10,9
debt
Equity 36,5 35,3 36,1 38,2 40,5 39,3 39,8
37,1
Workin 12,1 10,4 10,8 13,1 12,8 12,0 12,4
9,7
g
capit
al
Assets 63,2 62,4 67,7 66,1 64,1 64,2 68,5
65,4
Liquid 1,91 1,73 1,58 1,86 2,19 1,91 1,70
1,55
ity
ratio
Equity 58% 57% 53% 58% 63% 61% 58%
57%
ratio
Gearin 28% 27% 30% 28% 22% 24% 23%
23%
g
ratio
Net 2,71 2,80 3,46 3,31 2,55 1,98 2,19
2,06
debt-
to-EBI
TDA
ROE 0% 0% 1% 3% -1% 1% 0%
-1%
ROA 0% 0% 1% 2% -1% 0% 0%
-1%
Consolidated statement of financial position
EUR ‘000 30/09/2013 31/12/2012 30/09/2012
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Cash and cash equivalents 1,254 1,357 1,490
Receivables and prepayments 9,091 8,152 8,422
Inventories 10,032 10,308 10,520
Biological assets 7,953 5,631 6,789
Total current assets 28,330 25,448 27,221
Deferred income tax assets 393 473 477
Long-term financial investments 127 131 88
Investment property 2,084 2,084 2,084
Property, plant and equipment 12,712 12,499 13,000
Intangible assets 22,424 22,548 22,571
Total non-current assets 37,741 37,735 38,220
--------------------------------------------------------------------------------
TOTAL ASSETS 66,070 63,183 65,441
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Borrowings 5,373 3,953 4,088
Payables and prepayments 9,895 9,399 13,480
Total current liabilities 15,268 13,352 17,568
Borrowings 10,433 11,239 8,350
Deferred income tax liabilities 858 659 901
Government grants 1,322 1,479 1,537
Total non-current liabilities 12,613 13,377 10,788
Total liabilities 27,881 26,729 28,356
Share capital 19,342 19,342 19,342
Share premium 16,026 16,026 16,026
Statutory capital reserve 6 6 6
Other reserves 57 42 36
Currency translation differences 665 485 508
Retained earnings 2,093 553 1,167
Equity attributable to equity holders of the 38,189 36,453 37,085
parent
Total equity 38,189 36,453 37,085
--------------------------------------------------------------------------------
TOTAL LIABILITIES AND EQUITY 66,070 63,183 65,441
--------------------------------------------------------------------------------
<span style="font-size:11pt;">Consolidated statement of comprehensive
income</span>
EUR ‘000 Q3 2013 Q3 2012 9m 2013 9m 2012
--------------------------------------------------------------------------------
Revenue 26,854 23,591 72,906 66,788
Cost of goods sold -19,759 -16,461 -54,089 -47,537
--------------------------------------------------------------------------------
Gross profit 7,094 7,130 18,817 19,251
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Operating expenses -5,788 -6,159 -17,046 -17,497
Sales and marketing expenses -4,868 -5,183 -14,165 -14,048
General and administrative expenses -920 -976 -2,881 -3,449
Other income and expenses, net 93 131 199 250
Revaluation of biological assets 1,287 -54 1,118 -1,326
--------------------------------------------------------------------------------
Operating profit 2,685 1,048 3,088 678
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Finance income -17 128 20 150
Finance costs -250 -112 -836 -456
Profit before income tax 2,418 1,065 2,272 372
Corporate income tax -343 42 -345 315
--------------------------------------------------------------------------------
Net profit for the period 2,075 1,107 1,927 687
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Other comprehensive income
Currency translation differences 57 45 180 117
Other comprehensive income 57 45 180 117
Total comprehensive income 2,132 1,152 2,107 804
Net profit for the period:
Attributable to equity holders of the parent 2,075 1,107 1,927 687
Net profit for the period 2,075 1,107 1,927 687
Comprehensive income for the period:
Attributable to equity holders of the parent 2,132 1,152 2,107 804
Total comprehensive income 2,132 1,152 2,107 804
Earnings per share
Basic earnings per share (EUR) 0.05 0.03 0.05 0.02
Diluted earnings per share (EUR) 0.05 0.03 0.05 0.02
Additional information:
Katre Kõvask
AS Premia Foods
Chairman of the Management Board
T: +372 6 033 800
[email protected]
www.premiafoods.eu