Börsiteade

AS PRFoods

LEI kood

529900PFXFO2ZDCRNK93

Emitendi suuruskategooria

Keskmise suurusega kontsern

Majandustegevusalad

Finants- ja kindlustustegevus

Emitendi registreeritud asukoht

Eesti

Üldandmed

Kategooriad

Muud korporatiivtoimingud

Teate ID

7929

Esitamise kuupäev ja aeg

12.04.2020 19:35:35

Teate sisu eesti keeles

Pealkiri

PRF: AS’i PRFoods 2019/2020. majandusaasta 3. kvartali ja 9 kuu esialgne konsolideeritud auditeerimata müügikäive

Teade

PRFoodsi   2019/2020. aasta  kolmanda  kvartali  (s.o  2020. aasta  1. kvartali)
auditeerimata  esialgne konsolideeritud käive  oli 18,49 miljonit eurot kasvades
eelmise  aasta sama  perioodiga võrreldes  2,3% (1. kvartal 2019: 18,08 miljonit
eurot). Majandusaasta 9 kuu käive oli 63,24 miljonit eurot (9k 2018/2019: 64,19
miljonit eurot).

  * 3. kvartalis oli müügikasv kokku 2,3%, millest kala ja kalafilee müügikasv
    23,8% ja suitsutatud toodete langus 12%.
  * HoRecCa müügi vähenemine 3 kv. kokku oli 15,2%, millest langus märtsis oli
    36% (võrdluseks jaanuari langus 2,7% ja veebruaris 3,8%), märtis mõjutas
    HoReCA müüke juba eriolukorra kehtestamine Soomes ja Eestis.
  * 9 kuu müügilangus kokku võrreldes eelmise aasta sama perioodiga oli 1,5%,
    kuid on toimunud muudatus tooteportfellis ehk toore kala ja filee osakaal on
    kasvanud 4% pp  ning suitsutatud toodete osakaal vähenenud 5% pp. Täna on
    toore kala ja filee osakaal kogu müügist 45% ning suitsutatud toodete
    osakaal 38%.

?Tulenevalt Covid-19 epideemiast on muutunud tarbimiskäitumine. HoReCa asemel
näeme jaekaubanduse tõusu ning värske kala osakaalu kasvu. Meie hinnangul on
jaemüügi osakaal ja kasv püsiv ning sobitub ka meie pikaajaliste plaanidega.
HoReCa osakaal kogu grupi müügist on ajalooliselt olnud ca 20-30%, osa sellest
käibest on siirdunud jaekaubanduse poolele", kommenteeris PRFoods juhataja
Indrek Kasela. "Eeldame, et kalahind on suveni madal, kuna paljudel lõhe
rahvusvahelistel  ja suurema ostujõuga turgudel nagu USA ja Hiina on nõudlus
vähenenud, mis teeb lõhe- ja forellitooted meie koduturgudel palju
konkurentsivõimelisemaks kui lihatooted. Kindlasti on eeldada osalist käibe
langust 4. kvartalis, samas ei näe me täna survet marginaalidele. Samas tuleb
meeles pidada, et suitsutatud toodete marginaal on ajalooliselt olnud kõrgem,
kui kala ja kalafileel."

Kala  ja  kalafilee  tooterühma  müük  suurenes  3.kvartalis eelmise  aasta sama
perioodiga   võrreldes   23,8% ning   selle   osakaal  kogukäibest  kasvas  8,7
protsendiühikut. Kuum- ja külmsuitsutatud toodete müük langes 12,0% ning osakaal
vähenes  5,9 protsendiühikut.  Muude  kalatoodete  müük langes 14,7% ja segmendi
osakaal vähenes 2,6 protsendiühikut.

+---------------+---------+---------+-------+-------+--------+--------+-------+-------+
|Käive   toodete|         |         |Muutus,|Muutus,|        |        |Muutus,|Muutus,|
|lõikes, mln EUR|3kv 19/20|3kv 18/19|    EUR|      %|9k 19/20|9k 18/19|    EUR|      %|
+---------------+---------+---------+-------+-------+--------+--------+-------+-------+
|Kala ja        |         |         |       |       |        |        |       |       |
|kalafilee      |     9,27|     7,48|   1,78|  23,8%|   28,69|   26,74|   1,95|   7,3%|
+---------------+---------+---------+-------+-------+--------+--------+-------+-------+
|Kuum- ja       |         |         |       |       |        |        |       |       |
|külmsuitsutatud|         |         |       |       |        |        |       |       |
|tooted         |     6,77|     7,69|  -0,92| -12,0%|   24,08|   27,86|  -3,78| -13,6%|
+---------------+---------+---------+-------+-------+--------+--------+-------+-------+
|Muud kalatooted|     2,43|     2,84|  -0,42| -14,7%|   10,41|    9,40|   1,01|  10,8%|
+---------------+---------+---------+-------+-------+--------+--------+-------+-------+
|Muu käive      |     0,03|     0,06|  -0,03| -51,4%|    0,06|    0,19|  -0,13| -68,6%|
+---------------+---------+---------+-------+-------+--------+--------+-------+-------+
|Kokku          |    18,49|    18,08|   0,41|   2,3%|   63,24|   64,19|  -0,94|  -1,5%|
+---------------+---------+---------+-------+-------+--------+--------+-------+-------+

Hulgimüügi  käive ja  osakaal suurenesid  kolmandas kvartalis vastavalt 17,2% ja
4,9 protsendiühikut.  HoReCa  sektori  käive  langes  15,2% eelmise  aasta  sama
perioodiga võrreldes, millest langus märtsis oli 36%.

+---------------+---------+---------+-------+-------+--------+--------+-------+-------+
|Käive          |         |         |       |       |        |        |       |       |
|kliendigrupiti,|         |         |Muutus,|Muutus,|        |        |Muutus,|Muutus,|
|mln EUR        |3kv 19/20|3kv 18/19|    EUR|      %|9k 19/20|9k 18/19|    EUR|      %|
+---------------+---------+---------+-------+-------+--------+--------+-------+-------+
|Jaeketid       |     7,36|     7,52|  -0,16|  -2,2%|   24,28|   27,67|  -3,39| -12,2%|
+---------------+---------+---------+-------+-------+--------+--------+-------+-------+
|Hulgimüük      |     7,02|     5,99|   1,03|  17,2%|   22,00|   20,89|   1,11|   5,3%|
+---------------+---------+---------+-------+-------+--------+--------+-------+-------+
|HoReCa         |     3,71|     4,37|  -0,66| -15,2%|   14,92|   14,75|   0,17|   1,2%|
+---------------+---------+---------+-------+-------+--------+--------+-------+-------+
|Muu käive      |     0,40|     0,20|   0,20| 102,9%|    2,04|    0,89|   1,16| 130,9%|
+---------------+---------+---------+-------+-------+--------+--------+-------+-------+
|Kokku          |    18,49|    18,08|   0,41|   2,3%|   63,24|   64,19|  -0,94|  -1,5%|
+---------------+---------+---------+-------+-------+--------+--------+-------+-------+

Kolme  suurema  sihtturu  käive  majandusaasta  kolmandas  kvartalis  oli 16,31
miljonit  eurot ja see moodustas  88,3% kogukäibest võrreldes eelmise aasta sama
perioodi  käibega 16,49 miljonit eurot ja osakaaluga 91,2%. Kvartalite võrdluses
on märkimisväärselt suurenenud müük Lätti.

+-------------+---------+---------+-------+-------+--------+--------+-------+-------+
|Käive        |         |         |       |       |        |        |       |       |
|riigiti,  mln|         |         |Muutus,|Muutus,|        |        |Muutus,|Muutus,|
|EUR          |3kv 19/20|3kv 18/19|    EUR|      %|9k 19/20|9k 18/19|    EUR|      %|
+-------------+---------+---------+-------+-------+--------+--------+-------+-------+
|Soome        |    12,19|    12,76|  -0,57|  -4,5%|   41,20|   44,26|  -3,06|  -6,9%|
+-------------+---------+---------+-------+-------+--------+--------+-------+-------+
|Suurbritannia|     2,46|     2,60|  -0,15|  -5,7%|    8,70|    9,10|  -0,40|  -4,4%|
+-------------+---------+---------+-------+-------+--------+--------+-------+-------+
|Eesti        |     1,67|     1,13|   0,54|  47,6%|    5,62|    4,92|   0,70|  14,1%|
+-------------+---------+---------+-------+-------+--------+--------+-------+-------+
|Läti         |     0,84|     0,14|   0,70| 504,8%|    3,25|    2,00|   1,25|  62,3%|
+-------------+---------+---------+-------+-------+--------+--------+-------+-------+
|Muud riigid  |     1,34|     1,45|  -0,11|  -7,8%|    4,46|    3,90|   0,56|  14,5%|
+-------------+---------+---------+-------+-------+--------+--------+-------+-------+
|Kokku        |    18,49|    18,08|   0,41|   2,3%|   63,24|   64,19|  -0,94|  -1,5%|
+-------------+---------+---------+-------+-------+--------+--------+-------+-------+

Muudest  riikidest  pea  poole  moodustas  suhteliselt  võrdsetes  summades müük
Belgiasse, Kreekasse ja Prantsusmaale.

Indrek Kasela
AS PRFoods
Juhatuse liige
T: +372 452 1470
[email protected]
www.prfoods.ee

Teate sisu inglise keeles

Pealkiri

PRF: AS PRFoods’ unaudited preliminary consolidated turnover of the 3rd quarter and 9 months of the 2019/2020 financial year

Teade

PRFoods' unaudited preliminary consolidated turnover in 3Q of the fiscal year
2019/2020 (1Q 2020) amounted to EUR 18.49 million euros i.e. increased by 2.3%
compared to the same period a year ago (18.08 million euros in 1Q 2019).
Turnover of the first 9 months of the financial year was 63.24 million (9m
2018/2019: 64.19 million euros).

  * Q3 sales increased by 2,3%, raw fish and fillets growth was 23,8% and smoked
    products sales decreased by 12%.
  * HoReCa  dropped by 15,2% of which March impacted most by 36% decrease (in
    comparison  January decrease was 2,7% and February  3,8%), in March the
    emergency situation impacted HoReCa sales in Finland and Estonia already.
  * 9 months y-o-y sales decreased only by 1,5% and there has been change in
    product portfolio - raw fish and fillets grew 4% pp and share of smoked fish
    decreased by 5% pp. The share of raw fish of total sales is  45% and smoked
    products comprise 38%.

?As a result of Covid-19 epidemic, the customer behaviour has changed. We see
growth in retail sales at the expense of HoReCa and increase of fresh fish
sales. We believe that this trend is permanent and fits our long-term plans.
HoReCa share in our sales historically has been around 20-30%, part of sales
these  have been now transferred to retail" commented Indrek Kasela, chairman of
PRFoods. ?We predict that fish prices will remain low until summer, as many
international salmon buying high purchase power markets like USA and China are
seeing decreased demand, which makes salmon and trout products more competitive
with meat in our domestic markets. Most certainly we see some drop in sales in
Q4, but at the same time we see no pressure on margins. One must remember that
historically smoked products margins have been higher thant those of raw fish
and fillets".

The  sales of the raw fish and fillets increased by 23.8% in 3Q compared to last
year  same period and the share of the product group increased by 8.7 percentage
points.  The sales of smoked fish product group decreased by 12.0% and the share
of  it  decreased  by  5.9 percentage  points.  The sales of other fish products
decreased by 14.7% and the segment's share by 2.6 percentage points.

+---------+--------+--------+--------+-------+--------+--------+-------+-------+
|Turnover |        |        |        |       |        |        |       |       |
|by       |        |        |        |       |        |        |       |       |
|product  |        |        |        |       |        |        |       |       |
|groups,  |        |        |Change, |Change,|        |        |Change,|Change,|
|mln EUR  |3Q 19/20|3Q 18/19|EUR     |%      |9m 19/20|9m 18/19|EUR    |%      |
+---------+--------+--------+--------+-------+--------+--------+-------+-------+
|Raw fish |        |        |        |       |        |        |       |       |
|and      |        |        |        |       |        |        |       |       |
|fillets  |9.27    |7.48    |1.78    |23.8%  |28.69   |26.74   |1.95   |7.3%   |
+---------+--------+--------+--------+-------+--------+--------+-------+-------+
|Smoked   |        |        |        |       |        |        |       |       |
|products |6.77    |7.69    |-0.92   |-12.0% |24.08   |27.86   |-3.78  |-13.6% |
+---------+--------+--------+--------+-------+--------+--------+-------+-------+
|Other    |        |        |        |       |        |        |       |       |
|fish     |        |        |        |       |        |        |       |       |
|products |2.43    |2.84    |-0.42   |-14.7% |10.41   |9.40    |1.01   |10.8%  |
+---------+--------+--------+--------+-------+--------+--------+-------+-------+
|Other    |        |        |        |       |        |        |       |       |
|revenue  |0.03    |0.06    |-0.03   |-51.4% |0.06    |0.19    |-0.13  |-68.6% |
+---------+--------+--------+--------+-------+--------+--------+-------+-------+
|Total    |18.49   |18.08   |0.41    |2.3%   |63.24   |64.19   |-0.94  |-1.5%  |
+---------+--------+--------+--------+-------+--------+--------+-------+-------+

The  sales  and  share  of  wholesale  client  group increased by 17.2% and 4.9
percentage  points, respectively. HoReCa sector sales declined 15.2% compared to
same period last year of which decrease in March was 36%.

+----------+--------+--------+-------+-------+--------+--------+-------+-------+
|Turnover  |        |        |       |       |        |        |       |       |
|by client |        |        |       |       |        |        |       |       |
|groups,   |        |        |Change,|Change,|        |        |Change,|Change,|
|mln EUR   |3Q 19/20|3Q 18/19|    EUR|      %|9m 19/20|9m 18/19|    EUR|      %|
+----------+--------+--------+-------+-------+--------+--------+-------+-------+
|Retail    |        |        |       |       |        |        |       |       |
|chains    |    7.36|    7.52|  -0.16|  -2.2%|   24.28|   27.67|  -3.39| -12.2%|
+----------+--------+--------+-------+-------+--------+--------+-------+-------+
|Wholesale |    7.02|    5.99|   1.03|  17.2%|   22.00|   20.89|   1.11|   5.3%|
+----------+--------+--------+-------+-------+--------+--------+-------+-------+
|HoReCa    |    3.71|    4.37|  -0.66| -15.2%|   14.92|   14.75|   0.17|   1.2%|
+----------+--------+--------+-------+-------+--------+--------+-------+-------+
|Other     |        |        |       |       |        |        |       |       |
|revenue   |    0.40|    0.20|   0.20| 102.9%|    2.04|    0.89|   1.16| 130.9%|
+----------+--------+--------+-------+-------+--------+--------+-------+-------+
|Total     |   18.49|   18.08|   0.41|   2.3%|   63.24|   64.19|  -0.94|  -1.5%|
+----------+--------+--------+-------+-------+--------+--------+-------+-------+

The  three largest  markets had  an aggregated  turnover of  16.31 million euros
accounting  for 88.3% of  total sales  in 3Q 2019/2020 compared to 16.49 million
euros  the  same  period  a  year  ago  when the turnover of the largest markets
accounted  for 91.2% of the  total sales. In  quarterly comparison, the sales to
Latvia has increased notably.

+-----------+--------+--------+-------+-------+--------+--------+-------+-------+
|Turnover by|        |        |       |       |        |        |       |       |
|countries, |        |        |Change,|Change,|        |        |Change,|Change,|
|mln EUR    |3Q 19/20|3Q 18/19|    EUR|      %|9m 19/20|9m 18/19|    EUR|      %|
+-----------+--------+--------+-------+-------+--------+--------+-------+-------+
|Finland    |   12.19|   12.76|  -0.57|  -4.5%|   41.20|   44.26|  -3.06|  -6.9%|
+-----------+--------+--------+-------+-------+--------+--------+-------+-------+
|Great      |        |        |       |       |        |        |       |       |
|Britain    |    2.46|    2.60|  -0.15|  -5.7%|    8.70|    9.10|  -0.40|  -4.4%|
+-----------+--------+--------+-------+-------+--------+--------+-------+-------+
|Estonia    |    1.67|    1.13|   0.54|  47.6%|    5.62|    4.92|   0.70|  14.1%|
+-----------+--------+--------+-------+-------+--------+--------+-------+-------+
|Latvia     |    0.84|    0.14|   0.70| 504.8%|    3.25|    2.00|   1.25|  62.3%|
+-----------+--------+--------+-------+-------+--------+--------+-------+-------+
|Other      |        |        |       |       |        |        |       |       |
|countries  |    1.34|    1.45|  -0.11|  -7.8%|    4.46|    3.90|   0.56|  14.5%|
+-----------+--------+--------+-------+-------+--------+--------+-------+-------+
|Total      |   18.49|   18.08|   0.41|   2.3%|   63.24|   64.19|  -0.94|  -1.5%|
+-----------+--------+--------+-------+-------+--------+--------+-------+-------+

About  half the sales among other countries are from Belgium, Greece and France,
with largely similar amounts each.

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