In November 2018 the unaudited consolidated sales revenue of PRFoods decreased by -10.5% y-o-y, i.e. by -1.0 million euros, reaching the level of 8.6 million euros. Sales quantity decreased by -785 tonnes, i.e. by -44.7%.
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.
Revenue is divided by largest target markets in November as following: Finland 6.1 million euros, UK 1.1 million euros, Estonia 0.6 million euros, Latvia 0.2 million euros, Greece 0.2 million euros, France 0.1 million euros, Italy 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 | 11’2018 | 11’2017 | change | change % |
| Smoked products | 3,4 | 3,5 | -0,2 | -4,9% |
| Other fish products | 1,5 | 1,5 | 0,0 | -1,3% |
| Raw fish and fillets | 3,8 | 4,5 | -0,7 | -15,7% |
| Other | 0,0 | 0,1 | -0,1 | -97,0% |
| Total | 8,6 | 9,6 | -1,0 | -10,5% |
The largest decrease in November compared to previous year in revenue came from the raw fish and fillets products group, which decreased by -0.7 million euros, i.e. -15.7%. The revenue from the smoked products group decreased by -0.2 million euros, i.e. -4.9% and remained on the level of last year in the other fish product group.
Indrek Kasela
AS PRFoods
Member of the Management Board
Phone: +372 452 1470
investor@prfoods.ee
www.prfoods.ee