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
9614
Attachments
Submission date and time
01.06.2022 17:54:03
Content of announcement in Estonian
Title
AS-i PRFoods 2021/2022 majandusaasta 3. kvartali ja üheksa kuu konsolideeritud auditeerimata vahearuanne
Message
3 kvartali ja 9 kuu aruanded kajastavad eraldi müüdud tütarettevõtte Heimon Kala Oy tulemusi võrreldavalt. Alates 4 kvartalist PRFoods ei kajastata Heimon Kala Oy tulemusi , kuna tütarettevõte on müüdud. Omandatud kalakasvatuste litsentse pole käesolevas raportis kajastatud. Arvestades, et PRFoods finantsaasa lõppeb 30.juuni , sisaldub 12 kuu aruanne uutel alusel, sh kalakasvatust. Vastav informatsioon sisaldub tulevas aruandes. "2021 kalendriaasta lõpp ja 2022 algus olid väga volatiilsed. Toorkala hind tõusis üle 100%, mistõttu töödeldud tooted, mille hind oli kinnitatud poekettidega sügisel, olid kahjuks ja ootuspäraselt sügavalt kahjumlikud. Seetõttu tuleb õigeks pidada otsust loobuda tütarettevõttes Heimon Kala OY, mida näitavad ka ettevõtte tulemused. Iseseisvalt olid teised tütarettevõtted kasumis, sh Eesti (kui elimineerida Soome ekspordist tulenev kahjum). 4 kvartali jooksul saame juba tõestada, et gruppi jäänud ettevõtted on ka väga volatiilses majanduskeskkonnas suutelised toime tulema. PRFoodsil puudub müük Ukrainasse, Valgevenemaale või Venemaale, seega käimasolev sõda ei puuduta otseselt meid. Samas tuleb arvestada, et sisendhinnad on jätkuvalt väga kõrged, sh energia. Kalakasvatus kannab tekkinud kulud otse edasi tarbijatele, töötleval tööstusel tuleb jälgida , et kasumimarginaal püsiks sama, isegi kui see tähendab väiksemat käivet. Soome juhtimisvead viisid Soome ettevõtte sügavasse kriisi , millest iseseisvalt olnuks ettevõttel väga keeruline väljuda. Me usume, et konsolideerumine Soomes mõjutab Heimon Kala Oy tegevust positiivselt ja Eesti jätkab allhanke tegemist Soome. Seoses ettevõtte müügiga, on bilansis toimunud korrigeerimised, tulenevalt Soome ettevõtete soetusmaksumusest aastatel 2006-2007 ja 2017. Arvestada tuleb, et Soome ettevõttest eraldati vastavalt tehingu tingimustele Rootsi kalakasvatusüksus, mille hind sisaldus Soome ettevõtete soetusmaksumuses. Vastav korrektsioon tehakse aastaaruandes peale Rootsi konsolideerimist otse gruppi. PRFoods on analüüsib erinevaid stsenaariume võlakoormuse vähendamiseks lähitulevikus, mis annaks võimaluse investeerida uutesse kalakasvastusprojektidesse." Konsolideeritud finantsseisundi aruanne +-------------------------------------+------------+------------+------------+ | Tuhandetes eurodes | 31.03.2022 | 31.03.2021 | 30.06.2021 | +-------------------------------------+------------+------------+------------+ | VARAD | | | | +-------------------------------------+------------+------------+------------+ | Raha ja ekvivalendid | 119 | 1 485 | 2 500 | +-------------------------------------+------------+------------+------------+ | Nõuded ja ettemaksed | 3 669 | 3 536 | 3 512 | +-------------------------------------+------------+------------+------------+ | Varud | 2 661 | 7 645 | 5 691 | +-------------------------------------+------------+------------+------------+ | Bioloogilised varad | 2 313 | 2 366 | 4 795 | +-------------------------------------+------------+------------+------------+ | Käibevara kokku | 8 762 | 15 032 | 16 498 | +-------------------------------------+------------+------------+------------+ | | | | | +-------------------------------------+------------+------------+------------+ | Edasilükkunud tulumaksuvara | 97 | 21 | 38 | +-------------------------------------+------------+------------+------------+ | Pikaajalised finantsinvesteeringud | 230 | 232 | 302 | +-------------------------------------+------------+------------+------------+ | Materiaalne põhivara | 9 017 | 15 541 | 15 300 | +-------------------------------------+------------+------------+------------+ | Immateriaalne vara | 21 942 | 23 626 | 23 460 | +-------------------------------------+------------+------------+------------+ | Põhivara kokku | 31 286 | 39 420 | 39 100 | +-------------------------------------+------------+------------+------------+ | VARAD KOKKU | 40 047 | 54 452 | 55 598 | +-------------------------------------+------------+------------+------------+ | | | | | +-------------------------------------+------------+------------+------------+ | KOHUSTUSED JA OMAKAPITAL | | | | +-------------------------------------+------------+------------+------------+ | Intressikandvad kohustused | 7 484 | 8 984 | 7 325 | +-------------------------------------+------------+------------+------------+ | Võlad ja ettemaksed | 4 004 | 10 833 | 12 124 | +-------------------------------------+------------+------------+------------+ | Sihtfinantseerimine | 152 | 208 | 207 | +-------------------------------------+------------+------------+------------+ | Lühiajalised kohustused kokku | 11 640 | 20 025 | 19 656 | +-------------------------------------+------------+------------+------------+ | | | | | +-------------------------------------+------------+------------+------------+ | Intressikandvad kohustused | 16 523 | 13 944 | 17 561 | +-------------------------------------+------------+------------+------------+ | Võlad ja ettemaksed | 0 | 298 | 0 | +-------------------------------------+------------+------------+------------+ | Edasilükkunud tulumaksukohustus | 1 536 | 1 787 | 1 861 | +-------------------------------------+------------+------------+------------+ | Sihtfinantseerimine | 226 | 752 | 746 | +-------------------------------------+------------+------------+------------+ | Pikaajalised kohustused kokku | 18 285 | 16 781 | 20 168 | +-------------------------------------+------------+------------+------------+ | KOHUSTUSED KOKKU | 29 925 | 36 806 | 39 824 | +-------------------------------------+------------+------------+------------+ | | | | | +-------------------------------------+------------+------------+------------+ | Aktsiakapital | 7 737 | 7 737 | 7 737 | +-------------------------------------+------------+------------+------------+ | Ülekurss | 14 197 | 14 198 | 14 007 | +-------------------------------------+------------+------------+------------+ | Oma aktsiad | -390 | -390 | -390 | +-------------------------------------+------------+------------+------------+ | Kohustuslik reservkapital | 51 | 51 | 51 | +-------------------------------------+------------+------------+------------+ | Realiseerimata kursivahed | 815 | 683 | 559 | +-------------------------------------+------------+------------+------------+ | Jaotamata kasum (kahjum) | -12 009 | -4 985 | -6 723 | +-------------------------------------+------------+------------+------------+ | Ettevõtte aktsionäridele kuuluv osa | 10 401 | 17 294 | 15 241 | +-------------------------------------+------------+------------+------------+ | Mittekontrolliv osalus | -278 | 352 | 533 | +-------------------------------------+------------+------------+------------+ | OMAKAPITAL KOKKU | 10 123 | 17 646 | 15 774 | +-------------------------------------+------------+------------+------------+ | OMAKAPITAL JA KOHUSTUSED KOKKU | 40 049 | 54 452 | 55 598 | +-------------------------------------+------------+------------+------------+ Konsolideeritud koondkasumiaruanne +---------------------------------------------------+------------+-------------+ |Tuhandetes eurodes |9k 2021/2022|9k 2020/2021*| +---------------------------------------------------+------------+-------------+ |Müügitulud | 21 647| 40 595| +---------------------------------------------------+------------+-------------+ |Müüdud kaupade kulu | -19 316| -35 831| +---------------------------------------------------+------------+-------------+ |Brutokasum | 2 331| 4 764| +---------------------------------------------------+------------+-------------+ | | | | +---------------------------------------------------+------------+-------------+ |Tegevuskulud | -3 295| -7 063| +---------------------------------------------------+------------+-------------+ |Müügi- ja turustuskulud | -2 274| -4 886| +---------------------------------------------------+------------+-------------+ |Üldhalduskulud | -1 021| -2 178| +---------------------------------------------------+------------+-------------+ |Muud äritulud/-kulud | -41| 179| +---------------------------------------------------+------------+-------------+ |Bioloogiliste varade ümberhindlus | 904| -149| +---------------------------------------------------+------------+-------------+ |Ärikasum (-kahjum) | -101| -2 270| +---------------------------------------------------+------------+-------------+ |Finantstulud/-kulud | -1 279| -799| +---------------------------------------------------+------------+-------------+ |Maksustamiseelne kasum (kahjum) | -1 380| -3 070| +---------------------------------------------------+------------+-------------+ |Tulumaks | -135| -85| +---------------------------------------------------+------------+-------------+ |Aruandeperioodi puhaskasum (-kahjum) jätkuvatest | | | |tegevusvaldkondadest | -1 516| -3 155| +---------------------------------------------------+------------+-------------+ | | | | +---------------------------------------------------+------------+-------------+ |Aruandeperioodi puhaskasum (-kahjum) lõpetatud | | | |tegevusvaldkondades | -4 106| -258| +---------------------------------------------------+------------+-------------+ |Aruandeperioodi puhaskasum (-kahjum) | -5 622| -3 413| +---------------------------------------------------+------------+-------------+ |Aruandeperioodi puhaskasumi (-kahjumi) jaotus: | | | +---------------------------------------------------+------------+-------------+ |Emaettevõtte aktsionäridele kuuluv osa | -5 627| -3 331| +---------------------------------------------------+------------+-------------+ |Mittekontrolliv osalus | 5| -82| +---------------------------------------------------+------------+-------------+ |Aruandeperioodi puhaskasum (-kahjum) kokku | -5 622| -3 413| +---------------------------------------------------+------------+-------------+ | | | | +---------------------------------------------------+------------+-------------+ |Muu koondkasum (-kahjum), mida võib hiljem | | | |klassifitseerida kasumiaruandesse: | | | +---------------------------------------------------+------------+-------------+ |Valuutakursi vahed | 132| 1 049| +---------------------------------------------------+------------+-------------+ |Kokku koondkasum (-kahjum) | -5 490| -2 364| +---------------------------------------------------+------------+-------------+ | | | | +---------------------------------------------------+------------+-------------+ |Aruandeperioodi koondkasumi (-kahjumi) jaotus: | | | +---------------------------------------------------+------------+-------------+ |Emaettevõtte aktsionäridele kuuluv osa | -5 495| -2 282| +---------------------------------------------------+------------+-------------+ |Väikeaktsionäridele kuuluv osa | 5| -82| +---------------------------------------------------+------------+-------------+ |Aruandeperioodi koondkasum (-kahjum) kokku | -5 490| -2 364| +---------------------------------------------------+------------+-------------+ | | | | +---------------------------------------------------+------------+-------------+ |Tava puhaskasum (-kahjum) aktsia kohta (EUR) | -0,15| -0,09| +---------------------------------------------------+------------+-------------+ | | | | +---------------------------------------------------+------------+-------------+ |Lahustatud puhaskasum (-kahjum) aktsia kohta (EUR) | -0,15| -0,09| +---------------------------------------------------+------------+-------------+ *9k 2020/2021. aasta näitajad on korrigeeritud ja näitavad ainult rida-realt konsolideeritud tegevustulemusi jätkuvatest tegevusvaldkondadest Indrek Kasela AS PRFoods Juhatuse liige T: +372 452 1470 [email protected] www.prfoods.ee
Content of announcement in English
Title
Consolidated Unaudited Interim Report of AS PRFoods for the 3nd quarter and 9 months of 2021/2022 financial year
Message
Q3 and 9 months results show separately discontinued daughter company Heimon Kala Oy results. As of Q4 PRFoods will no longer show Heimon Kala Oy results as discontinued unit. Acquired fish farming licences fair value has not been included in the report. Taking into account that group's financial year ends June 30, the annual report will be structured anew, including fish farming. Relevant information will be disclosed in upcoming report. "End of 2021 and beginning of 2022 were extremely volatile. Raw material prices increased over 100%, due to which processed goods, which prices were fixed in fall with retailers, were significantly loss making. Therefore, it should be viewed as right decision to sell Heimon Kala OY, as seen from company's results. Independently, other group companies were profitable, even Estonia if to deduct loss from Finnish exports. During Q4 we can demonstrate that our other companies can manage even in very volatile environment. PRFoods has no exposure to Ukraine, Belorussia, and Russia, thus the war does not affect as directly. At the same time, we must take into account higher costs, including energy. Fish farming can pass extra costs directly to consumers, processing units must monitor that gross margin is kept, even if sales might be compromised. Grave mistakes in Finnish management caused there a crisis, survival of which independently was challenging. We believe that further consolidation in Finland affects positively Heimon Kala Oy performance in future and Estonian factory will continue to sell subcontracted products to Heimon Kala Oy. Due to sale of business units, correction was made in the balance sheet of the group, due to purchase price of Finnish units in 2006-2007 and 2017. Please take into account that Swedish fish farming unit was separated from Heimon Kala Oy as part of the sale but was historically included in purchase price of Finnish businesses. Relevant adjustment will be made in annual report after directly consolidating Sweden to group. PRFoods is analysing various scenarios to reduce debt in order to invest in new fish farming projects." Consolidated Statement of Financial Position +----------------------------------+------------+------------+------------+ | Thousand euros | 31.03.2022 | 31.03.2021 | 30.06.2021 | +----------------------------------+------------+------------+------------+ | ASSETS | | | | +----------------------------------+------------+------------+------------+ | Cash and cash equivalents | 119 | 1 485 | 2 500 | +----------------------------------+------------+------------+------------+ | Receivables and prepayments | 3 669 | 3 536 | 3 512 | +----------------------------------+------------+------------+------------+ | Inventories | 2 661 | 7 645 | 5 691 | +----------------------------------+------------+------------+------------+ | Biological assets | 2 313 | 2 366 | 4 795 | +----------------------------------+------------+------------+------------+ | Total current assets | 8 762 | 15 032 | 16 498 | +----------------------------------+------------+------------+------------+ | | | | | +----------------------------------+------------+------------+------------+ | Deferred tax assets | 97 | 21 | 38 | +----------------------------------+------------+------------+------------+ | Long-term financial investments | 230 | 232 | 302 | +----------------------------------+------------+------------+------------+ | Tangible assets | 9 017 | 15 541 | 15 300 | +----------------------------------+------------+------------+------------+ | Intangible assets | 21 942 | 23 626 | 23 460 | +----------------------------------+------------+------------+------------+ | Total non-current assets | 31 286 | 39 420 | 39 100 | +----------------------------------+------------+------------+------------+ | TOTAL ASSETS | 40 047 | 54 452 | 55 598 | +----------------------------------+------------+------------+------------+ | | | | | +----------------------------------+------------+------------+------------+ | EQUITY AND LIABILITIES | | | | +----------------------------------+------------+------------+------------+ | Interest-bearing liabilities | 7 484 | 8 984 | 7 325 | +----------------------------------+------------+------------+------------+ | Payables and prepayments | 4 004 | 10 833 | 12 124 | +----------------------------------+------------+------------+------------+ | Government grants | 152 | 208 | 207 | +----------------------------------+------------+------------+------------+ | Total current liabilities | 11 640 | 20 025 | 19 656 | +----------------------------------+------------+------------+------------+ | | | | | +----------------------------------+------------+------------+------------+ | Interest-bearing liabilities | 16 523 | 13 944 | 17 561 | +----------------------------------+------------+------------+------------+ | Payables and prepayments | 0 | 298 | 0 | +----------------------------------+------------+------------+------------+ | Deferred tax liabilities | 1 536 | 1 787 | 1 861 | +----------------------------------+------------+------------+------------+ | Government grants | 226 | 752 | 746 | +----------------------------------+------------+------------+------------+ | Total non-current liabilities | 18 285 | 16 781 | 20 168 | +----------------------------------+------------+------------+------------+ | TOTAL LIABILITIES | 29 925 | 36 806 | 39 824 | +----------------------------------+------------+------------+------------+ | | | | | +----------------------------------+------------+------------+------------+ | Share capital | 7 737 | 7 737 | 7 737 | +----------------------------------+------------+------------+------------+ | Share premium | 14 197 | 14 198 | 14 007 | +----------------------------------+------------+------------+------------+ | Treasury shares | -390 | -390 | -390 | +----------------------------------+------------+------------+------------+ | Statutory capital reserve | 51 | 51 | 51 | +----------------------------------+------------+------------+------------+ | Currency translation differences | 815 | 683 | 559 | +----------------------------------+------------+------------+------------+ | Retained profit (loss) | -12 009 | -4 985 | -6 723 | +----------------------------------+------------+------------+------------+ | Equity attributable to parent | 10 401 | 17 294 | 15 241 | +----------------------------------+------------+------------+------------+ | Non-controlling interest | -278 | 352 | 533 | +----------------------------------+------------+------------+------------+ | TOTAL EQUITY | 10 123 | 17 646 | 15 774 | +----------------------------------+------------+------------+------------+ | TOTAL EQUITY AND LIABILITIES | 40 049 | 54 452 | 55 598 | +----------------------------------+------------+------------+------------+ Consolidated Statement of Profit or Loss And Other Comprehensive Income +---------------------------------------------------+------------+-------------+ |Thousand euros |9m 2021/2022|9m 2020/2021*| +---------------------------------------------------+------------+-------------+ |Revenue | 21 647| 40 595| +---------------------------------------------------+------------+-------------+ |Cost of goods sold | -19 316| -35 831| +---------------------------------------------------+------------+-------------+ |Gross profit | 2 331| 4 764| +---------------------------------------------------+------------+-------------+ | | | | +---------------------------------------------------+------------+-------------+ |Operating expenses | -3 295| -7 063| +---------------------------------------------------+------------+-------------+ |Selling and distribution expenses | -2 274| -4 886| +---------------------------------------------------+------------+-------------+ |Administrative expenses | -1 021| -2 178| +---------------------------------------------------+------------+-------------+ |Other income / expense | -41| 179| +---------------------------------------------------+------------+-------------+ |Fair value adjustment on biological assets | 904| -149| +---------------------------------------------------+------------+-------------+ |Operating profit (loss) | -101| -2 270| +---------------------------------------------------+------------+-------------+ |Financial income / expenses | -1 279| -799| +---------------------------------------------------+------------+-------------+ |Profit (Loss) before tax | -1 380| -3 070| +---------------------------------------------------+------------+-------------+ |Income tax | -135| -85| +---------------------------------------------------+------------+-------------+ |Net profit (Loss) from continuing operations | -1 516| -3 155| +---------------------------------------------------+------------+-------------+ | | | | +---------------------------------------------------+------------+-------------+ |Net profit (Loss) from discontinued operations | -4 106| -258| +---------------------------------------------------+------------+-------------+ |Net profit (loss) for the period | -5 622| -3 413| +---------------------------------------------------+------------+-------------+ |Net profit (loss) attributable to: | | | +---------------------------------------------------+------------+-------------+ |Owners of the Parent Company | -5 627| -3 331| +---------------------------------------------------+------------+-------------+ |Non-controlling interests | 5| -82| +---------------------------------------------------+------------+-------------+ |Total net profit (loss) for the period | -5 622| -3 413| +---------------------------------------------------+------------+-------------+ | | | | +---------------------------------------------------+------------+-------------+ |Other comprehensive income (loss) that may | | | |subsequently be classified to profit or loss: | | | +---------------------------------------------------+------------+-------------+ |Foreign currency translation differences | 132| 1 049| +---------------------------------------------------+------------+-------------+ |Total comprehensive income (expense) | -5 490| -2 364| +---------------------------------------------------+------------+-------------+ | | | | +---------------------------------------------------+------------+-------------+ |Total comprehensive income (expense) attributable | | | |to: | | | +---------------------------------------------------+------------+-------------+ |Owners of the Parent Company | -5 495| -2 282| +---------------------------------------------------+------------+-------------+ |Non-controlling interests | 5| -82| +---------------------------------------------------+------------+-------------+ |Total comprehensive income (expense) for the period| -5 490| -2 364| +---------------------------------------------------+------------+-------------+ | | | | +---------------------------------------------------+------------+-------------+ |Profit (Loss) per share (EUR) | -0,15| -0,09| +---------------------------------------------------+------------+-------------+ | | | | +---------------------------------------------------+------------+-------------+ |Diluted profit (loss) per share (EUR) | -0,15| -0,09| +---------------------------------------------------+------------+-------------+ *The results of 9m 2020/2021 have been adjusted and show only line-by-line consolidated operating results from continuing operations. Indrek Kasela AS PRFoods Member of the Management Board Phone: +372 452 1470 [email protected] (mailto:[email protected]) www.prfoods.ee (http://www.prfoods.ee/)