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PRF: Unaudited consolidated turnover of AS Premia Foods, 4th quarter and 12 months, 2013

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Tallinn, Estonia, 2014-01-15 08:00 CET (GLOBE NEWSWIRE) --


The unaudited consolidated turnover of AS Premia Foods in the 4th quarter of
2013 increased, if compared to the 4th quarter of 2012, by 32.5%, i.e. 6.4
million euro, reaching 26.0 million euro. In the summary of the 12 months of
2013, the turnover of Premia Foods was 98.9 million euro, exceeding the results
of 2012 by 14.4%, i.e. by 12.5 million euro. 

In the summary of 12 months of 2013, the turnover increased in all business
segments and target markets of Premia Foods, except for Russia where the
decrease in turnover resulted from the weakening of ruble exchange rate against
euro. The greatest contribution into Premia’s increase of turnover of 2013 came
from the fish business segment, the turnover of which increased, if compared to
the previous year, by 8.5 million euro, i.e. 24.8%. The fastest-growing target
market was Finland where the turnover increased in 2013 by 7.2 million euro,
i.e. 24.9%. 

Turnov    Q1    Q1    Q2    Q2      Q3      Q3      Q4      Q4      12      12 
    12 
er by   2013  2012  2013  2012    2013    2012    2013    2012  months  months 
months 
 busin                                                            2013    2012 
2013/1 
ess                                                                            
     2 
 segme                                                                         
months 
nt                                                                             
  2012 
 (MEUR 
) 
Ice      3.6   3.7  12.1  10.7    10.4    10.0     2.7     3.0    28.8    27.4 
 +4.9% 
 cream 
Frozen   5.9   5.3   6.0   5.6     6.2     5.6     6.1     5.9    24.2    22.4 
 +8.0% 
 goods 
Fish     8.2   7.7   8.9   9.2     9.4     7.3    16.2    10.1    42.7    34.2 
+24.8% 
 and 
 fish 
 produ 
cts 
Other    0.6   0.4   0.8   0.6     0.9     0.6     0.9     0.6     3.2     2.3 
+38.1% 
Total   18.3  17.1  27.8  26.1    26.9    23.6    26.0    19.6    98.9    86.4 
+14.4% 

<span style="font-size:11pt;">The turnover of the</span><strong
style="font-size: 11pt;"> ice cream business segment <span
style="font-size:11pt;">decreased in the 4</span>th<span
style="font-size:11pt;"> quarter of 2013, if compared to the same period of
previous year, by 0.3 million euro, i.e. 9.5%, whereas the main reason thereof
was the weakening of the exchange rate of the Russian ruble against euro. In
the summary of 12 months, the turnover of the business segment increased, if
compared to 2012, by 1.3 million euro, i.e. 4.9%. The greatest monetary
contribution came from Estonia where the turnover increased within a year by
1.0 million euro, i.e. 10.8%. Estonia was followed by Latvia with the yearly
increase in turnover of 0.4 million euro (+10.6%). The ice cream business
segment contributed 29.1% to the total turnover of Premia Foods in 2013.  
</span> 

The turnover of the frozen goods business segment increased during the 4th
quarter of 2013 on an annual basis by 3.9%, i.e. 0.2 million euro. The turnover
of the frozen goods business segment in 2013 was 24.2 million euro, which is by
8.0%, i.e. 1.8 million euro better result than the one of 2012. The most, i.e.
by 1 million euro, increased the turnover of the frozen goods in Lithuania. The
proportion of the turnover of the frozen goods in the total turnover of Premia
Foods was 24.5%. 

In 2013, the fastest growth was achieved by the fish and fish products business
segment. In the 4th quarter of 2013, the yearly increase was 60.4%, i.e. 6.1
million euro. The increase of turnover during the 4th quarter came mainly from
successful sales campaigns of raw fish and fillet and from the wholesale
sector. In the summary of 2013, the turnover of the fish business segment
increased on an annual comparison by 24.8%, i.e. 8.5 million euro. The fish and
fish products business segment contributed 43.2% of the total turnover of
Premia Foods in 2013. 

Turnov    Q1    Q1    Q2    Q2      Q3      Q3      Q4      Q4      12      12 
    12 
er by   2013  2012  2013  2012    2013    2012    2013    2012  months  months 
months 
 targe                                                            2013    2012 
2013/1 
t                                                                              
     2 
 marke                                                                         
months 
t                                                                              
  2012 
(MEUR) 
Finlan   6.8   6.7   8.0   7.9     8.3     6.3    13.2     8.2    36.3    29.0 
+24.9% 
d 
Estoni   5.3   4.9   7.9   7.5     8.1     7.4     6.7     5.8    28.1    25.6 
 +9.6% 
a 
Latvia   2.9   2.4   4.3   3.7     4.0     3.7     3.4     2.8    14.5    12.7 
+14.8% 
Lithua   1.8   1.6   4.0   3.6     3.5     3.3     1.8     1.7    11.1    10.2 
 +9.4% 
nia 
Russia   1.4   1.5   3.5   3.3     2.8     2.8     0.8     1.1     8.5     8.7 
 -2.0% 
Other    0.0   0.0   0.2   0.2     0.1     0.0     0.0     0.0     0.3     0.2 
+67.6% 
Total   18.3  17.1  27.8  26.1    26.9    23.6    26.0    19.6    98.9    86.4 
+14.4% 



In 2013, the turnover of Premia increased in all target markets, except for
Russia where the decrease in turnover resulted from the weakening of ruble
exchange rate against euro. The greatest growth in turnover came from Finland
where the increase was, if compared to the previous year, 7.2 million euro.
Estonia followed with the increase of turnover of 2.4 million euro and Latvia
came third with its increase of turnover of 1.7 million euro. The proportion of
the Baltics in the turnover of Premia Foods was 54.4% of the total turnover of
2013. 




         Additional information:
         Katre Kõvask
         Premia Foods
         Chairman of Management Board
         T: +372 6 033 800
         [email protected]
         www.premiafoods.eu