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

6041

Submission date and time

14.04.2017 18:05:00

Content of announcement in Estonian

Title

PRF: AS-i PRFoods auditeerimata konsolideeritud müügikäive 1. kvartal ja 3 kuud 2017

Message

Tallinn, Eesti, 2017-04-14 17:05 CEST (GLOBE NEWSWIRE) --


PRFoods 2017. aasta 1. kvartali auditeerimata konsolideeritud käive kasvas
võrrelduna 2016. aasta 1. kvartaliga +3,2% ehk +0,3 miljoni euro võrra,
kasvades 10,6 miljoni euroni. PRFoods on esimese kvartali müügituluga rahul.
Grupi tulemust mõjutab endiselt väga kõrged lõhe ja vikerforelli hinnad.
Vikerforelli keskmine hind oli 2017. aasta 1. kvartalis 67% kõrgem võrreldes
eelmise aasta sama perioodiga. Lõhe keskmine hind oli vastavalt 18% kõrgem
võrreldes aasta varasemaga. 

Käive tootegruppide lõikes

Käive milj EUR              1kv 2017  1kv 2016    Muutus milj  Muutus %  Osakaal
                                                          EUR                   
--------------------------------------------------------------------------------
Kuum- ja külmsuitsutatud         4,0       3,6           +0,4    +11,6%    38,2%
 tooted                                                                         
--------------------------------------------------------------------------------
Muud kalatooted                  1,7       1,5           +0,2    +13,6%    16,3%
--------------------------------------------------------------------------------
Kala ja kalafilee                4,8       5,1           -0,3     -5,9%    45,4%
--------------------------------------------------------------------------------
Muu                              0,0       0,0           +0,0    +91,5%     0,1%
--------------------------------------------------------------------------------
Kokku                           10,6      10,2           +0,3     +3,2%   100,0%
--------------------------------------------------------------------------------

Suurim käibe kasv +0,4 miljonit eurot ehk +11,6%tuli võrdluses eelmise aastaga
kuum- ja külmsuitsutatud toodete grupist. Käive langes kala ja kalafilee
tootegrupis -0,3 miljonit eurot ehk -5,9%. Muude kalatoodete grupis kasvas
käive +0,2 miljonit eurot ehk +13,6%. 

 Käive kliendi segmentide lõikes

Käive milj EUR  1kv 2017  1kv 2016  Muutus  Muutus %  Osakaal
-------------------------------------------------------------
HoReCa               3,7       2,9    +0,8    +26,7%    35,3%
-------------------------------------------------------------
Jaeketid             4,4       5,3    -0,9    -16,4%    41,9%
-------------------------------------------------------------
Hulgimüük            2,4       2,0    +0,4    +20,9%    22,3%
-------------------------------------------------------------
Muud                 0,1       0,0    +0,0    +17,4%     0,5%
-------------------------------------------------------------
Kokku               10,6      10,2    +0,3     +3,2%   100,0%
-------------------------------------------------------------

Kliendi segmentidest lähtuvalt langes 2017. aasta esimese 3 kuu müügikäive
jaeturu sektoris, -0,9 miljonit eurot ehk -16,4% ning kasvas nii HoReCa, kui ka
hulgimüügi sektoris, kokku +1,2 miljonit eurot. HoReCa sektoris oli kasv +26,7%
ja hulgimüügi sektoris vastavalt +20,9%. 

Jaeturu sektoris on käive viimase 1,5 aasta 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. Kõrgete lõhe ja vikerforelli hindade tulemusena on ka
jaeketid vähendanud müügikampaaniaid. 

Käive sihtturgude lõikes

Käive milj EUR  1kv 2017  1kv 2016  Muutus milj EUR  Muutus %  Osakaal
----------------------------------------------------------------------
Soome                9,0       8,3             +0,7     +8,6%    85,2%
----------------------------------------------------------------------
Eesti                1,0       1,4             -0,4    -30,4%     9,0%
----------------------------------------------------------------------
Muud riigid          0,6       0,6             +0,0     +6,4%     5,8%
----------------------------------------------------------------------
Kokku               10,6      10,2             +0,3     +3,2%   100,0%
----------------------------------------------------------------------

Soome käive kasvas 2017. aasta esimesel 3 kuul +0,7 miljonit eurot, ehk +8,6%.
Soome käibe osakaal moodustas kogukäibest 85,2%, kasvades võrrelduna eelmise
aasta sama perioodiga kokku +4.2 protsendipunkti. 

2017. aasta esimese 3 kuu käive kahanes võrrelduna möödunud aasta sama
perioodiga Eestis -0,4 miljonit eurot ehk -30,4%. Eesti sihtturu käibe osakaal
kahanes aastataguse perioodiga võrrelduna -4.4 protsendipunkti. 

Muude riikide käive on 1. kvartalis +0,04 miljoni euro võrra ning käibe osakaal
kasvas +0,2 protsendipunkti võrra. 

Indrek Kasela
AS PRFoods
Juhatuse liige
T: +372  6033 800
[email protected]
www.prfoods.ee

Content of announcement in English

Title

PRF: Unaudited consolidated turnover of AS PRFoods for 1st quarter and 3 months of 2017

Message

Tallinn, Estonia, 2017-04-14 17:05 CEST (GLOBE NEWSWIRE) --


In the 1st quarter of 2017 the unaudited consolidated sales revenue of PRFoods
increased by +3.2% y-o-y, i.e. by +0.3 million euros, reaching the level of
10.6 million euros. PRFoods is pleased with the revenue in 1st quarter. High
prices of salmon and rainbow trout continue to influence the result of group.
The average price of rainbow trout was 67% higher in the 1st quarter of 2017
compared to same period previous year. The average price of salmon was
accordingly 18% higher compared to previous year. 

Revenue by product groups

Revenues mln EUR      Q1 2017  Q1 2016  Change  Change %  Proportion
--------------------------------------------------------------------
Smoked products           4.0      3.6    +0.4    +11.6%       38.2%
--------------------------------------------------------------------
Other fish products       1.7      1.5    +0.2    +13.6%       16.3%
--------------------------------------------------------------------
Raw fish and fillets      4.8      5.1    -0.3     -5.9%       45.4%
--------------------------------------------------------------------
Other                     0.0      0.0    +0.0    +91.5%        0.1%
--------------------------------------------------------------------
Total                    10.6     10.2    +0.3     +3.2%      100.0%
--------------------------------------------------------------------

The largest increase compared to previous year in revenue came from the smoked
products group, which increased by +0.4 million euros, i.e. +11.6%. The revenue
from the raw fish and fillets product group decreased by -0.3 million euros,
i.e. -5.9%. The revenue from the other fish products group increased by +0.2
million euros, i.e. +13.6%. 

 Revenue by client segments

Revenues mln EUR  Q1 2017  Q1 2016  Change  Change %  Proportion
----------------------------------------------------------------
HoReCa                3,7      2,9    +0,8    +26,7%       35,3%
----------------------------------------------------------------
Retail chains         4,4      5,3    -0,9    -16,4%       41,9%
----------------------------------------------------------------
Wholesale             2,4      2,0    +0,4    +20,9%       22,3%
----------------------------------------------------------------
Other                 0,1      0,0    +0,0    +17,4%        0,5%
----------------------------------------------------------------
Total                10,6     10,2    +0,3     +3,2%      100,0%
----------------------------------------------------------------

Based on client segments, the first 3 months’ revenue of 2017 from the retail
chains sector decreased by -0.9 million euros in total, i.e. -16.4%, and
increased in both the HoReCa and wholesale sector, totalling +1.2 million
euros. The increase in the HoReCa sector was +26.7% and in the wholesale sector
+20.9% accordingly. 

The decrease in the retail chains sector over the past 1.5 years 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. High
prices of salmon and rainbow trout have also caused retail chains to reduce the
number of campaigns. 

Revenue by target markets

Revenues mln EUR  Q1 2017  Q1 2016  Change  Change %  Proportion
----------------------------------------------------------------
Finland               9,0      8,3    +0,7     +8,6%       85,2%
----------------------------------------------------------------
Estonia               1,0      1,4    -0,4    -30,4%        9,0%
----------------------------------------------------------------
Other                 0,6      0,6    +0,0     +6,4%        5,8%
----------------------------------------------------------------
Total                10,6     10,2    +0,3     +3,2%      100,0%
----------------------------------------------------------------

Finnish revenue increased in first 3 months of 2017 by +0.7 million euros, i.e.
+8.6. The share of Finnish market formed 85.2% of the total revenue, having
increased by +4.2 percentage points compared to the same period last year. 

First 3 months’ revenue of 2017 decreased in Estonia by -0.4 million euros,
i.e. -30.4%. The proportion of the revenue from the Estonian market decreased
by -4.4 percentage points in comparison with the same period last year. 

Revenue in other countries increased by +0.04 million euros in 1st quarter of
2017 and the proportion of revenue from these markets grew by +0.2 percentage
points. 

Indrek Kasela
AS PRFoods
Member of the Management Board
Phone: +372 6033 800
[email protected]
www.prfoods.ee