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
6448
Submission date and time
12.01.2018 08:03:54
Content of announcement in Estonian
Title
PRF: AS-i PRFoods auditeerimata konsolideeritud müügikäive 4. kvartal ja 12 kuud 2017
Message
Tallinn, Eesti, 2018-01-12 07:03 CET (GLOBE NEWSWIRE) --
PRFoods 2017. aasta 12 kuu auditeerimata konsolideeritud käive kasvas tänu uute
ettevõtete lisandumisele võrrelduna 2016. aasta 12 kuuga +55,3% ehk +26,2
miljoni euro võrra, kasvades 73,7 miljoni euroni. Võrreldav käive kasvas 12
kuuga +15,1% ehk +7,2 miljoni euro võrra. PRFoods on 2017. aasta 12 kuu
müügikäive vastab juhtkonna ootustele.
Enamus võrreldava käibe kasvust on tulnud läbi toodete lõpphinna kallinemise.
John Ross Jr., Coln Valley ja Trio Trading omandamine on kasvatanud grupi
käivet alates omandamisest 19,1 miljoni euro võrra ning toetab edaspidiselt
meie strateegiat rahvusvaheliselt kasvada kui ka kasumlikust suurendada. John
Ross Jr. ja Coln Valley on PRFoods kontserni konsolideeritud alates 01.07.2017
ja Trio Trading alates 01.09.2017.
4. kvartali käive kasvas +15,1 miljoni euro ehk +89,5% võrra võrreldes 2016.
aasta 4. kvartaliga. Võrreldav käive kasvas samal perioodil +2,6 miljonit eurot
ehk +15,4%.
12 kuu müügikogus kasvas +4 536 tonni ehk +64,3%. Võrreldav müügikogus kahanes
samal perioodil -452 tonni võrra ehk -6,4%.
12 kuu pro forma käive oleks olnud 109,7 miljonit eurot kui kõik ettevõtted
oleksid gruppi konsolideeritud olnud alates aasta algusest. Pro forma käive
jaguneb suuremate sihtturgude lõikes järgnevalt: Soome 77,5 miljonit eurot, UK
14,2 miljonit eurot, Eesti 6,3 miljonit eurot, Läti 5,6 miljonit eurot,
Prantsusmaa 2,8 miljonit eurot ja Kreeka 0,9 miljonit eurot. Ülejäänud käive
2,4 miljonit eurot moodustub ekspordist erinevatesse riikidesse, sh Rootsi 0,4
miljonit eurot, Itaalia 0,3 miljonit eurot ja Belgia 0,3 miljonit eurot.
Müügitulult järgmised suuremad turud olid Jaapan, Kuveit ja Hong Kong.
PRFoods viis 11.12.2017 läbi aktsionäride erakorralise koosoleku muutmaks meie
finantsaastat, et see oleks vastavuses John Ross Jr., Coln Valley ja Trio
Tadingu finatsaastaga. Käesolev finantsaastat pikendatakse kuni 30.06.2018 ja
edaspidi kestab PRFoodsi finantsaasta juulist juunini.
Käive tootegruppide lõikes
Käive 1kv 1kv 2kv 2kv 3kv 3kv 4kv 4kv 12k
12k 12k Muutus
milj 2017 2016 2017 2016 2017 2016 2017 2016 2017
2016 2017/ %
EUR
12k
2016
--------------------------------------------------------------------------------
----------------------
Kuum- 4,0 3,6 5,9 3,9 10,8 3,9 12,8 5,2 33,6
16,5 17,0 +103,0
ja
%
külms
uitsut
atud
toote
d
--------------------------------------------------------------------------------
----------------------
Muud 1,7 1,5 2,3 1,8 2,1 1,5 4,7 3,0 10,7
7,8 2,8 +36,4%
kalat
ooted
--------------------------------------------------------------------------------
----------------------
Kala 4,9 5,1 4,9 4,1 4,9 5,1 14,1 8,7 28,8
23,0 5,7 +24,9%
ja
kalaf
ilee
--------------------------------------------------------------------------------
----------------------
Muu 0,0 0,0 0,0 0,0 0,2 0,0 0,4 0,0 0,6
0,0 0,6 +1926,
8%
--------------------------------------------------------------------------------
----------------------
Kokku 10,6 10,2 13,1 9,8 18,0 10,5 32,0 16,9 73,7
47,4 26,2 +55,3%
--------------------------------------------------------------------------------
----------------------
Suurim käibe kasv +17,0 miljonit eurot ehk +103,0% tuli võrdluses eelmise
aastaga kuum- ja külmsuitsutatud toodete grupist. Käive kasvas ka kala ja
kalafilee tootegrupis +5,7 miljonit eurot ehk +24,9% ning muude kalatoodete
grupis +2,8 miljonit eurot ehk +36,4%.
Käive kliendi segmentide lõikes
Käive 1kv 1kv 2kv 2kv 3kv 3kv 4kv 4kv 12k
12k 12k Muutus
milj 2017 2016 2017 2016 2017 2016 2017 2016 2017
2016 2017/ %
EUR
12k
2016
--------------------------------------------------------------------------------
----------------------
HoReCa 3,7 2,9 4,7 3,4 5,5 3,6 6,3 4,2 20,3
14,2 +6,1 +42,6%
--------------------------------------------------------------------------------
----------------------
Jaeket 4,4 5,3 6,5 4,9 7,1 4,4 12,5 6,2 30,5
20,8 +9,8 +47,1%
id
--------------------------------------------------------------------------------
----------------------
Hulgim 2,4 2,0 1,8 1,3 5,2 2,5 12,8 6,4 22,2
12,2 +10,0 +81,5%
üük
--------------------------------------------------------------------------------
----------------------
Muud 0,1 0,0 0,1 0,1 0,2 0,1 0,4 0,1 0,7
0,3 +0,4 +161,8
%
--------------------------------------------------------------------------------
----------------------
Kokku 10,6 10,2 13,1 9,8 18,0 10,5 32,0 16,9 73,7
47,4 +26,2 +55,3%
--------------------------------------------------------------------------------
----------------------
Kliendi segmentidest lähtuvalt kasvas 2017. aasta 12 kuu müügikäive HoReCa
sektoris +6,1 miljoni euro ehk +42,6% võrra. Jaeturu sektoris kasvas käive +9,8
miljonit eurot ehk +47,1% ning hulgimüügi sektoris +10,0 miljonit eurot ehk
+81,5%.
Käive sihtturgude lõikes
Käive 1kv 1kv 2kv 2kv 3kv 3kv 4kv 4kv 12k
12k 12k Muutus
milj 2017 2016 2017 2016 2017 2016 2017 2016 2017
2016 2017/ %
EUR
12k
2016
--------------------------------------------------------------------------------
----------------------
Soome 9,0 8,3 10,5 8,0 13,0 9,0 22,7 13,7 55,2
39,0 +16,2 +41,6%
--------------------------------------------------------------------------------
----------------------
Eesti 1,0 1,4 1,6 1,3 0,8 0,9 1,7 1,4 5,1
5,0 +0,1 +2,0%
--------------------------------------------------------------------------------
----------------------
UK 0,0 0,0 0,0 0,0 3,1 0,0 4,5 0,0 7,6
0,0 +7,6
--------------------------------------------------------------------------------
----------------------
Muud 0,6 0,6 0,9 0,5 1,1 0,6 3,1 1,8 5,8
3,5 +2,3 +64,9%
riigi
d
--------------------------------------------------------------------------------
----------------------
Kokku 10,6 10,2 13,1 9,8 18,0 10,5 32,0 16,9 73,7
47,4 +26,2 +55,3%
--------------------------------------------------------------------------------
----------------------
Soome käive kasvas 2017. aasta 12 kuuga +16,2 miljonit eurot, ehk +41,6%. Soome
käibe osakaal moodustas kogukäibest 74,9%, kahanedes võrrelduna eelmise aasta
sama perioodiga kokku -7,2 protsendipunkti.
2017. aasta 12 kuu käive jäi Eestis võrrelduna möödunud aasta sama perioodiga
samale tasemele, kasvades +0,1 miljoni euro võrra ehk +2,0%. Eesti sihtturu
käibe osakaal kahanes aastataguse perioodiga võrrelduna -3,6 protsendipunkti.
Tänu uute ettevõtete omandamisele grupi põhiturgudele lisandunud UK, mille
käive oli alates omandamisest 7,6 miljoni eurot ning mille käibe osakaal
moodustas kogukäibest 10,3%.
Muude riikide 12 kuu käive on +2,3 miljoni euro võrra ning käibe osakaal kasvas
+0,5 protsendipunkti võrra.
Indrek Kasela
AS PRFoods
Juhatuse liige
T: +372 452 1470
[email protected]
www.prfoods.ee
Content of announcement in English
Title
PRF: Unaudited consolidated turnover of AS PRFoods for 4th quarter and 12 months of 2017
Message
Tallinn, Estonia, 2018-01-12 07:03 CET (GLOBE NEWSWIRE) --
In the 12 months of 2017 the unaudited consolidated sales revenue of PRFoods
increased by +55.3% y-o-y, i.e. by +26.2 million euros due to acquisition of
new companies, reaching the level of 73.7 million euros. Comparable sales
revenue increased by +15.1%, i.e. +7.2 million euros. PRFoods 12 months of 2017
sales are in accordance with management forecasts.
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 19.1 million euros and will further support of
strategy of international growth and profitability. John Ross Jr and Coln
Valley are being consolidated to PRFoods Group from 01.07.2017 and Trio Trading
from 01.09.2017.
The sales revenue in 4th quarter increased by +15.1 million euros, i.e. +89.5%
compared to 4th quarter 2016. Comparable sales revenue increased at the same
period +2.6 million euros, i.e. +15.4%.
Sales quantity in 12 months increased by +4,536 tonnes, i.e. +64.3%. Comparable
sales quantity decreased by -452 tonnes, i.e. -6.4% at the same period.
PRFoods’ pro forma sales revenue in 12 months would have been 109.7 million
euros if all companies would have been consolidated into the Group since
beginning of the year. Pro forma revenue is divided by largest target markets
as following: Finland 77.5 million euros, UK 14.2 million euros, Estonia 6.3
million euros, Latvia 5.6 million euros, France 2.8 million euros and Greece
0.9 million euros. Remaining revenue 2.4 million euros consists of export to
various countries, incl Sweden 0.4 million euros, Italy 0.3 million euros and
Belgium 0.3 million euros. By sales revenue, next larger markets are Japan,
Kuwait and Hong Kong.
On 11.12.2017, PRFoods held extraordinary shareholders meeting to change our
financial year to be in line with financial year of John Ross Jr, Coln Valley
and Trio Trading. Current financial year will be extended until 30.06.2018 and
in future PRFoods financial year will run from July to June.
Revenue by product groups
Revenu Q1 Q1 Q2 Q2 Q3 Q3 Q4 Q4 12m
12m 12m Change
es mln 2017 2016 2017 2016 2017 2016 2017 2016 2017
2016 2017/ %
EUR
12m
2016
--------------------------------------------------------------------------------
----------------------
Smoked 4.0 3.6 5.9 3.9 10.8 3.9 12.8 5.2 33.6
16.5 17.0 +103.0
produ
%
cts
--------------------------------------------------------------------------------
----------------------
Other 1.7 1.5 2.3 1.8 2.1 1.5 4.7 3.0 10.7
7.8 2.8 +36.4%
fish
produ
cts
--------------------------------------------------------------------------------
----------------------
Raw 4.9 5.1 4.9 4.1 4.9 5.1 14.1 8.7 28.8
23.0 5.7 +24.9%
fish
and
fille
ts
--------------------------------------------------------------------------------
----------------------
Other 0.0 0.0 0.0 0.0 0.2 0.0 0.4 0.0 0.6
0.0 0.6 +1926.
8%
--------------------------------------------------------------------------------
----------------------
Total 10.6 10.2 13.1 9.8 18.0 10.5 32.0 16.9 73.7
47.4 26.2 +55.3%
--------------------------------------------------------------------------------
----------------------
The largest increase compared to previous year in revenue came from the smoked
products group, which increased by +17.0 million euros, i.e. +103.0%. The
revenue from the raw fish and fillets products group increased by +5.7 million
euros, i.e. +24.9% and the revenue from the other fish product group increased
by +2.8 million euros, i.e. +36.4%.
Revenue by client segments
Revenu Q1 Q1 Q2 Q2 Q3 Q3 Q4 Q4 12m
12m 12m Change
es mln 2017 2016 2017 2016 2017 2016 2017 2016 2017
2016 2017/ %
EUR
12m
2016
--------------------------------------------------------------------------------
----------------------
HoReCa 3.7 2.9 4.7 3.4 5.5 3.6 6.3 4.2 20.3
14.2 +6.1 +42.6%
--------------------------------------------------------------------------------
----------------------
Retail 4.4 5.3 6.5 4.9 7.1 4.4 12.5 6.2 30.5
20.8 +9.8 +47.1%
chain
s
--------------------------------------------------------------------------------
----------------------
Wholes 2.4 2.0 1.8 1.3 5.2 2.5 12.8 6.4 22.2
12.2 +10.0 +81.5%
ale
--------------------------------------------------------------------------------
----------------------
Other 0.1 0.0 0.1 0.1 0.2 0.1 0.4 0.1 0.7
0.3 +0.4 +161.8
%
--------------------------------------------------------------------------------
----------------------
Total 10.6 10.2 13.1 9.8 18.0 10.5 32.0 16.9 73.7
47.4 +26.2 +55.3%
--------------------------------------------------------------------------------
----------------------
Based on client segments, the 12 months’ revenue of 2017 increased in HoReCa
sector, by +6.1 million euros, i.e. +42.6%. Revenue increased in retail chains
sector by +9.8 million euros, i.e. +47.1% and in wholesale sector by +10.0
million euros, i.e. +81.5%.
Revenue by target markets
Revenu Q1 Q1 Q2 Q2 Q3 Q3 Q4 Q4 12m
12m 12m Change
es mln 2017 2016 2017 2016 2017 2016 2017 2016 2017
2016 2017/ %
EUR
12m
2016
--------------------------------------------------------------------------------
----------------------
Finlan 9.0 8.3 10.5 8.0 13.0 9.0 22.7 13.7 55.2
39.0 +16.2 +41.6%
d
--------------------------------------------------------------------------------
----------------------
Estoni 1.0 1.4 1.6 1.3 0.8 0.9 1.7 1.4 5.1
5.0 +0.1 +2.0%
a
--------------------------------------------------------------------------------
----------------------
UK 0.0 0.0 0.0 0.0 3.1 0.0 4.5 0.0 7.6
0.0 +7.6
--------------------------------------------------------------------------------
----------------------
Other 0.6 0.6 0.9 0.5 1.1 0.6 3.1 1.8 5.8
3.5 +2.3 +64.9%
--------------------------------------------------------------------------------
----------------------
Total 10.6 10.2 13.1 9.8 18.0 10.5 32.0 16.9 73.7
47.4 +26.2 +55.3%
--------------------------------------------------------------------------------
----------------------
Finnish revenue in 12 months of 2017 increased by +16.2 million euros, i.e.
+41.6%. The share of Finnish market formed 74.9% of the total revenue, having
decreased by -7.2 percentage points compared to the same period last year.
12 months’ revenue of 2017 in Estonia remained on the level of previous year,
increasing by +0.1 million euros, i.e. +2.0%. The proportion of the revenue
from the Estonian market decreased by -3.6% percentage points in comparison
with the same period last year.
UK’s market has become new main market for Group since acquisition of new
companies, sales revenue from this market was 7.6 million euros since
acquisition and share of the market was 10.3% of total revenue.
Revenue in other countries increased by +2.3 million euros in 12 months of 2017
and the proportion of revenue from these markets grew by +0.5 percentage
points.
Indrek Kasela
AS PRFoods
Member of the Management Board
Phone: +372 452 1470
[email protected]
www.prfoods.ee