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
6936
Submission date and time
11.11.2018 23:50:00
Content of announcement in Estonian
Title
PRF: AS-i PRFoods auditeerimata konsolideeritud müügikäive oktoober 2018
Message
PRFoods 2018. aasta oktoobri auditeerimata konsolideeritud käive kahanes võrrelduna 2017. aasta oktoobriga -18,5% ehk -1,6 miljoni euro võrra, olles tasemel 6,9 miljonit eurot. Käibe langus oli prognoositav, kuna vähendame madala marginaalsusega Norra lõhe vahenduskaubandust teistele kalatöötlejatele ning fokusseerime oma toodete, sh värske kala otsemüügile klientidele. Oktoobri käivet mõjutas ka enda kasvatatud kala hilisem kasutuselevõtt meie kalafarmidest, mida sel aastal alustasime tänu soodsamale ilmale alles novembris (pikem kasvatusperiood annab ka parema juurdekasvu). Oktoobri lõpus alustasime PRFoodsi Suurbritannia tehasest ka eksporti Hiina ning saime juurde kliente ka EL-st ning Shveitsist. Me eeldame kasumlikkuse olulist paranemist Eestis ja Suurbritannias. Kasumlikkus väheneb Trio Tradingul (ühineb Heimon Kala Oy-ga) seoses vahendusmüügi mahtude vähenemisega, kuid selle kompenseerib teiste üksuste parem kasumlikkus. 3. kvartali 2018 vahearuanne aruanne avalikustatakse 30.11.2018. Kalendriaasta viimane kvartal on traditsionaalselt kõige olulisem kvartal nii käibe kui kasumi osas ning oleme optimistlikud kvartali väljavaadete osas. Oktoobri käive jaguneb suuremate sihtturgude lõikes järgnevalt: Soome 4,8 miljonit eurot, UK 1,0 miljonit eurot, Eesti 0,7 miljonit eurot, Läti 0,1 miljonit eurot, Prantsusmaa 0,1 miljonit eurot ja Belgia 0,1 miljonit eurot. Ülejäänud käive 0,1 miljonit eurot moodustub ekspordist erinevatesse riikidesse. Alates 2018. aastast avaldab ettevõtte igakuiselt müügikäibe tooterühmade lõikes. Detailsem ülevaade käibest klientide ning riikide võrdluses avaldatakse kvartaliaruandes. +---------------------------------+---------+---------+--------+----------+ | Käive milj EUR | 10.2018 | 10.2017 | muutus | muutus % | +---------------------------------+---------+---------+--------+----------+ | Kuum- ja külmsuitsutatud tooted | 2,9 | 3,3 | -0,4 | -10,9% | +---------------------------------+---------+---------+--------+----------+ | Muud kalatooted | 0,8 | 0,9 | -0,1 | -12,8% | +---------------------------------+---------+---------+--------+----------+ | Kala ja kalafilee | 3,2 | 4,2 | -1,0 | -23,8% | +---------------------------------+---------+---------+--------+----------+ | Muu | 0,0 | 0,1 | -0,1 | -95,0% | +---------------------------------+---------+---------+--------+----------+ | Kokku | 6,9 | 8,5 | -1,6 | -18,5% | +---------------------------------+---------+---------+--------+----------+ Suurim käibe kahanemine oli oktoobris kala ja kalafilee tootegrupis -1,0 miljonit eurot ehk -23,8% võrdluses eelmise aastaga. Käive kahanes ka kuum- ja külmsuitsutatud toodete grupis -0,4 miljonit eurot ehk -10,9% ning kahanes muude kalatoodete grupis -0,1 miljonit eurot ehk -12,8%. 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 October 2018
Message
In October 2018 the unaudited consolidated sales revenue of PRFoods decreased by -18.5% y-o-y, i.e. by -1.6 million euros, reaching the level of 6.9 million euros. Decrease in sales revenue was predictable as we are decreasing lower margin Norwegian salmon trade to other fish producers and focus more on our own products, including fresh fish direct sales to customers. October's revenues were also influenced by later usage of own farmed fish, as due to more favourable climate we started only in November (longer growing period provides better growth). In the end of October, we started export to China from PRFoods' factory in Great Britain as well as got new customers from EU and Switzerland. We expect significant improvement in profitability from Estonia and Great Britain. Profitability is decreasing in Trio Trading (merging into Heimon Kala Oy) due to the decrease of trading sales volume, but it is compensated by better profitability from other entities. 3(rd) quarter of 2018 intermediate report will be published at 30.11.2018. Last quarter of calendar year is traditionally the most important quarter for both turnover and profit, and we are optimistic about outlook of the quarter. Revenue is divided by largest target markets in October as following: Finland 4.8 million euros, UK 1.0 million euros, Estonia 0.7 million euros, Latvia 0.1 million euros, France 0.1 million euros and Belgium 0.1 million euros. Remaining revenue 0.1 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 in quarterly report. +----------------------+---------+---------+--------+----------+ | Revenues mln EUR | 10'2018 | 10'2017 | change | change % | +----------------------+---------+---------+--------+----------+ | Smoked products | 2.9 | 3.3 | -0.4 | -10.9% | +----------------------+---------+---------+--------+----------+ | Other fish products | 0.8 | 0.9 | -0.1 | -12.8% | +----------------------+---------+---------+--------+----------+ | Raw fish and fillets | 3.2 | 4.2 | -1.0 | -23.8% | +----------------------+---------+---------+--------+----------+ | Other | 0.0 | 0.1 | -0.1 | -95.0% | +----------------------+---------+---------+--------+----------+ | Total | 6.9 | 8.5 | -1.6 | -18.5% | +----------------------+---------+---------+--------+----------+ The largest decrease in October compared to previous year in revenue came from the raw fish and fillets products group, which decreased by -1.0 million euros, i.e. -23.8%. The revenue from the smoked products group decreased by -0.4 million euros, i.e. -10.9% and the revenue from the other fish product group decreased by -0.1 million euros, i.e. -12.8%. Indrek Kasela AS PRFoods Member of the Management Board Phone: +372 452 1470 [email protected] www.prfoods.ee