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 corporate action

Unique data record identifier

6728

Submission date and time

15.06.2018 21:00:00

Content of announcement in Estonian

Title

PRF: AS-i PRFoods auditeerimata konsolideeritud müügikäive mai 2018

Message

PRFoods  2018. aasta mai  auditeerimata konsolideeritud  käive kasvas  tänu uute
ettevõtete  lisandumisele võrrelduna  2017. aasta maiga  +86,0% ehk +3,9 miljoni
euro  võrra, kasvades 8,4 miljoni euroni. Võrreldav käive kahanes mais -9,6% ehk
-0,4 miljoni euro võrra.

John Ross Jr., Coln Valley ja Trio Trading omandamine on kasvatanud grupi käivet
mais   4,2 miljoni   euro   võrra  ning  toetab  edaspidiselt  meie  strateegiat
rahvusvaheliselt kasvada kui ka kasumlikust suurendada.

Kuna  me ei tarni enam  kaupa Escamar Seafood Oy-le  (endine Apetit Kala Oy), on
sellest  mõjutatud  negatiivselt  meie  toorkala  müügikäive.  PRFoods  usub, et
suudame asendada need müügid alates 2019. aastast müükidega otse klientidele.

Võrreldes  2017. aasta mai  pro forma  käibega, kahanes  käive -1,6 miljoni euro
võrra  ehk -16,2%  võrra. 2017. aasta  pro forma  käibes on arvesse võetud kõigi
grupi ettevõtete käive 2017. aasta mais.

Mai  käive jaguneb  suuremate sihtturgude  lõikes järgnevalt: Soome 6,0 miljonit
eurot,  UK 1,2 miljonit eurot, Läti 0,4 miljonit eurot, Eesti 0,3 miljonit eurot
ja  Prantsusmaa 0,3 miljonit eurot. Ülejäänud käive 0,2 miljonit eurot moodustub
ekspordist erinevatesse riikidesse.

Alates   2018. aastast  avaldab  ettevõtte  igakuiselt  müügikäibe  tooterühmade
lõikes.  Detailsem ülevaade käibest klientide ning riikide võrdluses avaldatakse
kvartaalselt.

                          Konsolideeritud                   Pro Forma
+----------------+-------+-------+------+--------+-------+-------+------+------+
|                |       |       |      |        |       |       |      |Change|
|Käive milj EUR  |05.2018|05.2017|change|Change %|05.2018|05.2017|change|%     |
+----------------+-------+-------+------+--------+-------+-------+------+------+
|Kuum- ja        |       |       |      |        |       |       |      |      |
|külmsuitsutatud |       |       |      |        |       |       |      |      |
|tooted          |    3,3|    2,0|   1,3|  +64,8%|    3,3|    3,7|  -0,4|-10,2%|
+----------------+-------+-------+------+--------+-------+-------+------+------+
|Muud kalatooted |    0,9|    0,8|   0,1|  +13,0%|    0,9|    1,0|  -0,1|-11,1%|
+----------------+-------+-------+------+--------+-------+-------+------+------+
|Kala ja         |       |       |      |        |       |       |      |      |
|kalafilee       |    4,2|    1,7|   2,5| +143,9%|    4,2|    5,2|  -1,0|-19,4%|
+----------------+-------+-------+------+--------+-------+-------+------+------+
|Muu             |    0,0|    0,0|   0,0|  -20,5%|    0,0|    0,1|  -0,1|-91,5%|
+----------------+-------+-------+------+--------+-------+-------+------+------+
|Kokku           |    8,4|    4,5|   3,9|  +86,0%|    8,4|   10,0|  -1,6|-16,2%|
+----------------+-------+-------+------+--------+-------+-------+------+------+

Suurim käibe kasv +2,5 miljonit eurot ehk +143,9% tuli võrdluses eelmise aastaga
kala  ja kalafilee  tootegrupis. Käive  kasvas kuum-  ja külmsuitsutatud toodete
grupis +1,3 miljonit eurot ehk +64,8% ning kasvas muude kalatoodete grupis +0,1
miljonit eurot ehk +13,0%.

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 in May 2018

Message

In  May 2018 the  unaudited consolidated  sales revenue  of PRFoods increased by
+86.0% y-o-y,  i.e. by +3.9 million  euros due to  acquisition of new companies,
reaching  the level of 8.4 million euros.  Comparable sales revenue decreased by
-9.6%, i.e. -0.4 million euros.

The  acquisition of John  Ross Jr., Coln  Valley and Trio  Trading has increased
Group's  sales  by  4.2 million  euros  and  will further support of strategy of
international growth and profitability.

As  we no longer trade  with Escamar Seafood Oy  (formerly Apetit Kala Oy), this
affects  negatively our raw fish sales.  PRFoods believes that Group these sales
will be replace with direct sales to clients starting 2019.

Sales  revenue decreased in by  -1.6 million euros, i.e.  -16.2% compared to pro
forma  sales revenue in  May 2017. Pro forma  sales revenue in May 2017 includes
all group companies.

Pro  forma revenue  is divided  by largest  target markets as following: Finland
6.0 million  euros, UK 1.2 million euros, Latvia 0.4 million euros, Estonia 0.3
million  euros and France 0.3 million euros. Remaining revenue 0.2 million euros
consists of export to various countries.

Starting  from 2018, the  Group is  publishing sales  revenue monthly by product
groups. Detailed overview of sales revenue by customer groups and countries will
be published quarterly.

                         Consolidated                      Pro Forma
+--------------+-------+-------+------+--------+-------+-------+------+--------+
|Revenues   mln|       |       |      |        |       |       |      |        |
|EUR           |05'2018|05'2017|change|change %|05'2018|05'2017|change|change %|
+--------------+-------+-------+------+--------+-------+-------+------+--------+
|Smoked        |       |       |      |        |       |       |      |        |
|products      |    3.3|    2.0|   1.3|  +64.8%|    3.3|    3.7|  -0.4|  -10.2%|
+--------------+-------+-------+------+--------+-------+-------+------+--------+
|Other fish    |       |       |      |        |       |       |      |        |
|products      |    0.9|    0.8|   0.1|  +13.0%|    0.9|    1.0|  -0.1|  -11.1%|
+--------------+-------+-------+------+--------+-------+-------+------+--------+
|Raw fish and  |       |       |      |        |       |       |      |        |
|fillets       |    4.2|    1.7|   2.5| +143.9%|    4.2|    5.2|  -1.0|  -19.4%|
+--------------+-------+-------+------+--------+-------+-------+------+--------+
|Other         |    0.0|    0.0|   0.0|  -20.5%|    0.0|    0.1|  -0.1|  -91.5%|
+--------------+-------+-------+------+--------+-------+-------+------+--------+
|Total         |    8.4|    4.5|   3.9|  +86.0%|    8.4|   10.0|  -1.6|  -16.2%|
+--------------+-------+-------+------+--------+-------+-------+------+--------+

The largest increase compared to previous year in revenue came from the raw fish
and  fillets  products  group,  which  increased  by  +2.5 million  euros,  i.e.
+143.9%. The  revenue from the  smoked products group  increased by +1.3 million
euros,  i.e. +64.8% and the revenue from  the other fish product group increased
by +0.1 million euros, i.e. +13.0%.

Indrek Kasela
AS PRFoods
Member of the Management Board
Phone: +372 452 1470
[email protected]
www.prfoods.ee