Tallinn, Estonia, 2015-07-09 17:34 CEST (GLOBE NEWSWIRE) --
The unaudited consolidated turnover of PRFoods increased in the 2nd quarter compared to the 2nd quarter 2014 by 1.2%, i.e. by 0.1 million euro, reaching 11.4 million euro. The unaudited consolidated turnover of 6 months 2015 was 21.7 million euro, having increased by a year by altogether 1.2%, i.e. 0.3 million euro.
| Revenues (mEUR) | Q1 2015 | Q1 2014 | Q2 2015 | Q2 2014 | 6 months 2015 | 6 months 2014 |
6 months 2015 /
6 months 2014 |
| Smoked products | 3.8 | 3.9 | 4.8 | 4.6 | 8.6 | 8.5 | +1.2% |
| Other fish products | 2.1 | 2.1 | 2.3 | 2.2 | 4.4 | 4.3 | +4.3% |
| Raw fish and fillets | 4.4 | 4.1 | 4.3 | 4.4 | 8.7 | 8.5 | +1.6% |
| Other | 0.0 | 0.1 | 0.0 | 0.1 | 0.0 | 0.2 | -92.0% |
| Total | 10.3 | 10.2 | 11.4 | 11.3 | 21.7 | 21.5 | +1.2% |
According to client segments the biggest increase came from wholesale year-on-year basis by 31.3%, i.e. 0.8 million euro. Both HoReCa (Food Services) and retail sales dropped in total by -0.5 million euro. Food services declined by -5.0% and retail by -1.2%. Food services declined due to discontinuation of certain private label client. We are satisfied that sales in Finland, our main market, are on increase, year-on-year basis by 3.8%. Other sales from 2014 (0.2 million euro) are related to discontinued operations, hence the natural decline on year-on-year basis.
Revenues by target markets
| Revenues by target markets (mEUR) | Q1 2015 | Q1 2014 | Q2 2015 | Q2 2014 | 6 months 2015 | 6 months 2014 |
6 months 2015/
6 months 2014 |
| Finland | 9.3 | 8.7 | 10.0 | 9.9 | 19.3 | 18.6 | 3.8% |
| Estonia | 0.9 | 1.2 | 1.2 | 1.2 | 2.1 | 2.4 | -7.9% |
| Other | 0.1 | 0.3 | 0.2 | 0.2 | 0.3 | 0.5 | -45.7% |
| Total | 10.3 | 10.2 | 11.4 | 11.3 | 21.7 | 21.5 | 1.2% |
In the summary of 6 months 2015, the turnover the Finnish market grew by 3.8%, i.e. 0.7 million euros. Finnish sales account for 88.7% of total sales, which has increased by 2.2 percentage points, which is in line with PRFoods strategy to focus on markets with higher purchasing power.
Indrek Kasela
AS PRFoods
Member of the Management Board
T: +372 6033 800
indrek.kasela@prfoods.ee
www.prfoods.ee