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
Other price sensitive information
Unique data record identifier
5612
Submission date and time
15.07.2016 17:00:00
Content of announcement in Estonian
Title
PRF: AS-i PRFoods auditeerimata konsolideeritud müügikäive 2. kvartal ja 6 kuud 2016
Message
Tallinn, Eesti, 2016-07-15 16:00 CEST (GLOBE NEWSWIRE) -- PRFoods 2016. aasta 2. kvartali auditeerimata konsolideeritud käive langes võrrelduna 2015. aasta 2. kvartaliga kokku -14,7% ehk -1,6 miljoni euro võrra, kahanedes 9,8 miljoni euroni. 2016. aasta 6 kuu auditeerimata konsolideeritud käive oli 20,0 miljonit eurot, kahanedes aastaga -8,0% ehk -1,7 miljoni euro võrra. Ettevõtte käesoleva aasta käibeprognoos on 45 miljonit eurot. Kuigi käesoleval aastal on ettevõtte käibes planeeritud langus, on see vastavuses meie eelarve ja strateegiaga, kus rõhk on suunatud eelkõige kasumlikkusele ning väljumisele madala marginaalsusega tooterühmadest. Sel aastal on toimunud maailmaturul väga kiire lõhe ja vikerforelli hinnatõus, mis ühelt poolt mõjutab positiivselt meie kalakasvatuste tulemusi, kuid samal ajal ei ole hinnatõus lõpptoodetesse nii kiiresti edasi kandunud. Samuti on positiivne, et oleme suutnud oma müüke geograafiliselt mitmekesistada ning Eesti turu osakaal meie käibes on kasvanud. Käive tootegruppide lõikes Käive 1kv 1kv 2kv 2kv 6k 6k Muutus Muutus Osakaa milj 2016 2015 2016 2015 2016 2015 % l EUR -------------------------------------------------------------------------------- Kuum- ja 3,6 3,8 3,9 4,9 7,5 8,7 -1,2 -14,0% 37,4% külmsui tsutatud tooted -------------------------------------------------------------------------------- Muud 1,5 2,1 1,8 2,3 3,3 4,4 -1,1 -24,2% 16,7% kalatoo ted -------------------------------------------------------------------------------- Kala ja 5,1 4,4 4,1 4,2 9,2 8,6 +0,6 +6,2% 45,8% kalafil ee -------------------------------------------------------------------------------- Muu 0,0 0,0 0,0 0,0 0,0 0,0 +0,0 +54,0% 0,1% -------------------------------------------------------------------------------- Kokku 10,2 10,3 9,8 11,4 20,0 21,7 -1,7 -8,0% 100,0% -------------------------------------------------------------------------------- Suurim käibe kasv tuli kala ja kalafilee tootegrupist kokku +0,6 miljonit eurot ehk +6,2%. Käive langes suitsutatud toodete grupis kokku -1,2 miljonit eurot ehk -14,0%. Muude kalatoodete grupis langes käive -1,1 miljonit eurot ehk -24,2%. Käive kliendi segmentide lõikes Käive 1kv 1kv 2kv 2kv 6k 6k Muutus Muutus Osakaa milj 2016 2015 2016 2015 2016 2015 % l EUR -------------------------------------------------------------------------------- HoReCa 2,9 3,0 3,5 3,3 6,4 6,3 +0,0 +0,1% 31,9% -------------------------------------------------------------------------------- Jaeketid 5,3 5,5 4,9 6,6 10,2 12,1 -1,8 -15,2% 51,1% -------------------------------------------------------------------------------- Hulgimüü 2,0 1,8 1,3 1,5 3,3 3,3 +0,04 +1,1% 16,5% k -------------------------------------------------------------------------------- Muud 0,0 0,0 0,1 0,0 0,1 0,0 +0,05 +83,5% 0,5% -------------------------------------------------------------------------------- Kokku 10,2 10,3 9,8 11,4 20,0 21,7 -1,7 -8,0% 100,0% -------------------------------------------------------------------------------- Kliendi segmentidest lähtuvalt langes 2016. aasta 6 kuu müügikäive jaeturu sektoris, kokku -1,8 miljonit eurot ehk -15,2% ning kasvas veidi nii HoReCa, kui ka hulgimüügi sektoris, kokku +0,1 miljonit eurot. Hulgimüügi sektoris oli kasv +1,1% ja HoReCa sektoris vastavalt +0,1%. Jaeturu sektoris on käive viimase 6 kuu jooksul langenud, kuna kaotasime oma tooteportfellist mitu Private Label toodet. Kuna tooraine hind on käesoleval aastal väga volatiilne, siis ei ole ettevõtte jaoks kasumlik jaekettidele omamärgitoodete valmistamisel nii aktiivselt osaleda, kuna need on madalama marginaalsusega. Käive sihtturgude lõikes Käive 1kv 1kv 2kv 2kv 6k 6k Muutus Muutus Osakaa milj 2016 2015 2016 2015 2016 2015 % l EUR -------------------------------------------------------------------------------- Soome 8,2 9,3 8,0 10,0 16,2 19,3 -3,0 -15,8% 81,2% -------------------------------------------------------------------------------- Eesti 1,4 0,9 1,3 1,2 2,7 2,1 +0,5 +26,0% 13,3% -------------------------------------------------------------------------------- Muud 0,6 0,1 0,5 0,2 1,1 0,3 +0,8 +224,6 5,5% riigid % -------------------------------------------------------------------------------- Kokku 10,2 10,3 9,8 11,4 20,0 21,7 -1,7 -8,0% 100,0% -------------------------------------------------------------------------------- 2016. aasta 2. kvartalis, võrrelduna möödunud aasta sama kvartaliga, kasvas käive nii Eestis kui ka muudes riikides, peamiselt Lätis, mõlemas kokku +0,4 miljonit eurot. 2016. aasta 6 kuu arvestuses kasvas Eesti sihtturu käibe osakaal aastataguse perioodiga võrrelduna +3,6 protsendipunkti ning muude riikide osakaal kasvas +3,9 protsendipunkti võrra. Eesti ja Läti käibe kasvu taga on õnnestunud värske kala ja kalafilee müügikampaaniad. Soome käive kahanes 2016. aasta 6 kuu perioodil kokku -3,0 miljonit eurot, ehk -15,8%. Soome käibe osakaal moodustas 2016. aasta 6 kuu kogukäibest kokku 81,2%, kahanedes võrrelduna eelmise aasta sama perioodiga kokku -7,5 protsendipunkti. Indrek Kasela AS PRFoods Juhatuse liige T: +372 6033 800 [email protected] www.prfoods.ee
Content of announcement in English
Title
PRF: unaudited consolidated sales revenue of AS PRFoods for the second quarter and 6 months of 2016
Message
Tallinn, Estonia, 2016-07-15 16:00 CEST (GLOBE NEWSWIRE) --
In the 2nd quarter of 2016 the unaudited consolidated sales revenue of PRFoods
decreased -14.7% y-o-y, i.e. by -1.6 million euros, reaching the level of 9.8
million euros. The unaudited consolidated revenue of 6 months of 2016 was 20.0
million euros, a decrease of -8.0% in a year, i.e. - 1.7 million. The 2016
revenue forecast is 45 million euros. Although the company is planning a drop
in sales this year, it is in line with our budget, as well as our strategy to
focus primarily on profitability and on exiting product groups with low
margins. This year has seen a very rapid increase in the price of salmon and
rainbow trout in the world market, which on the one hand positively affects our
fish farming operations, but at the same time, the increase has not yet been
translated into end prices. It is also positive that we have been able to
diversify our sales more geographically and the proportion of the Estonian
market has increased in our revenue.
Revenue by product groups
Revenue Q1 Q1 Q2 Q2 6m 6m Change Change Propor
mln EUR 2016 2015 2016 2015 2016 2015 % tion
--------------------------------------------------------------------------------
Smoked 3.6 3.8 3.9 4.9 7.5 8.7 -1.2 -14.0% 37.4%
product
s
--------------------------------------------------------------------------------
Other 1.5 2.1 1.8 2.3 3.3 4.4 -1.1 -24.2% 16.7%
fish
product
s
--------------------------------------------------------------------------------
Raw fish 5.1 4.4 4.1 4.2 9.2 8.6 +0.6 +6.2% 45.8%
and
fillets
--------------------------------------------------------------------------------
Other 0.0 0.0 0.0 0.0 0.0 0.0 +0.0 +54.0% 0.1%
--------------------------------------------------------------------------------
Total 10.2 10.3 9.8 11.4 20.0 21.7 -1.7 -8.0% 100.0%
--------------------------------------------------------------------------------
The largest increase in revenue came from the raw fish and fillets product
group, which increased by +0.6 million euros in total i.e. +6.2%. The revenue
from the smoked products group decreased by -1.2 million euros, i.e. -14.0%.
The revenue from the other fish products group decreased by -1.1 million euros
i.e. -24.2%.
Revenue by client segments
Revenue Q1 Q1 Q2 Q2 6m 6m Change Change Propor
mln EUR 2016 2015 2016 2015 2016 2015 % tion
--------------------------------------------------------------------------------
HoReCa 2.9 3.0 3.5 3.3 6.4 6.3 +0.0 +0.1% 31.9%
--------------------------------------------------------------------------------
Retail 5.3 5.5 4.9 6.6 10.2 12.1 -1.8 -15.2% 51.1%
chains
--------------------------------------------------------------------------------
Wholesal 2.0 1.8 1.3 1.5 3.3 3.3 +0.04 +1.1% 16.5%
e
--------------------------------------------------------------------------------
Other 0.0 0.0 0.1 0.0 0.1 0.0 +0.05 +83.5% 0.5%
--------------------------------------------------------------------------------
Total 10.2 10.3 9.8 11.4 20.0 21.7 -1.7 -8.0% 100.0%
--------------------------------------------------------------------------------
Based on client segments, the 6 months’ revenue of 2016 from the retail chains
sector decreased by -1.8 million euros in total, i.e. -15.2%, and increased
slightly in both the HoReCa and wholesale sector, totalling +0.1 million euros.
The increase in the wholesale sector was +1.1% and in the HoReCa sector +0.1%
accordingly. The decrease in the retail chains sector over the past 6 months of
2016 can mostly be attributed to the loss of several Private Label products
from our product portfolio. Regarding the extreme price volatility of raw
materials this year, it is unprofitable for the company to be actively involved
in manufacturing Private Label goods for retail chains because of their lower
margins.
Revenue by target markets
Revenue Q1 Q1 Q2 Q2 6m 6m Change Change Propor
mln EUR 2016 2015 2016 2015 2016 2015 % tion
--------------------------------------------------------------------------------
Finland 8.2 9.3 8.0 10.0 16.2 19.3 -3.0 -15.8% 81.2%
--------------------------------------------------------------------------------
Estonia 1.4 0.9 1.3 1.2 2.7 2.1 +0.5 +26.0% 13.3%
--------------------------------------------------------------------------------
Other 0.6 0.1 0.5 0.2 1.1 0.3 +0.8 +224.6 5.5%
%
--------------------------------------------------------------------------------
Total 10.2 10.3 9.8 11.4 20.0 21.7 -1.7 -8.0% 100.0%
--------------------------------------------------------------------------------
In the 2nd quarter of 2016 revenue increased in Estonia as well as in other
countries, mostly in Latvia. The total increase in these markets on the y-o-y
basis was +0.4 million euros. In summary of 6 months of 2016, the proportion of
the revenue from the Estonian market grew by +3.6 percentage points in
comparison with the same period last year, and in other countries by +3.9
percentage points. The increase in the Estonian and Latvian markets’ revenue is
mostly obtained via successful sales campaigns of fresh fish and fish fillets.
The Finnish revenue decreased in total by -3.0 million euros, i.e. -15.8%, on
the y-o-y basis during 6 month of 2016. The revenue from the Finnish market
formed 81.2% of the total revenue, having decreased by -7.5 percentage points
compared to the same period last year.
Indrek Kasela
AS PRFoods
Member of the Management Board
Phone: +372 6033 800
[email protected]
www.prfoods.ee