Tallinn, Estonia, 2013-10-08 08:00 CEST (GLOBE NEWSWIRE) --
The unaudited consolidated turnover of AS Premia Foods of the 3rd quarter of 2013 increased by 13.8%, i.e. 3.3 million euro, if compared to the 3rd quarter of 2012, reaching 26.9 million euro. It is the highest organic quarterly growth in turnover in Premia Foods history. The unaudited consolidated turnover of 9 months was 72.9 million euro, increasing within a year by 9.2%, i.e. 6.1 million euro.
In the summary of 9 months of 2013, the turnover increased in all the business segments and target markets of Premia Foods. The largest contribution to the increase of 9 months came from the fish business segment, the turnover of which increased by 2.4 million euro, i.e. 9.8%, if compared to the same period previous year. The fish business segment was, in the summary of 9 months, followed by the ice cream business segment and by the frozen goods business segment with the increase of 1.6 million euro each, if compared to the results of the previous year.
| Turnover by business segment (MEUR) |
Q1 2013 |
Q1 2012 |
Q2 2013 |
Q2 2012 |
Q3 2013 | Q3 2012 | 9 months 2013 | 9 months 2012 | 9 months 2013/9 months 2012 |
| Ice cream | 3.6 | 3.7 | 12.1 | 10.7 | 10.3 | 10.0 | 26.0 | 24.4 | +6.6% |
| Frozen goods |
5.9 |
5.3 |
6.0 |
5.6 |
6.2 |
5.6 |
18.1 |
16.5 |
+9.5% |
| Fish and fish products |
8.2 |
7.7 |
8.9 |
9.2 |
9.4 |
7.3 |
26.5 |
24.2 |
+9.8% |
| Other | 0.6 | 0.4 | 0.8 | 0.6 | 0.9 | 0.6 | 2.3 | 1.6 | +33.7% |
| Total | 18.3 | 17.1 | 27.8 | 26.1 | 26.9 | 23.6 | 72.9 | 66.8 | +9.2% |
The turnover of the ice cream business segment increased in the 3rd quarter of 2013 by 0.3 million euro, i.e. 3.1%, if compared to the results of the same period previous year. In the summary of 9 months, the turnover of the segment increased by 1.6 million euro, i.e. 6.6%, if compared to the same period previous year. In the summary of 9 months of 2013, if compared to the same period of 2012, the biggest monetary increase was generated in Estonia, where the turnover increased by 1.0 million euro, i.e. 12.2%. Latvia followed with the increase of 0.4 million euro, i.e. 12.4%. The turnover of the segment in the summary of the 2nd and the 3rd quarter, i.e. the peak season of ice cream, increased by 1.7 million euro, i.e. 8.4%, if compared to the previous year. The good results of the ice cream business segment were achieved due to the successful launch of novelty products in all target markets, strong marketing and sales campaigns and favourable weather conditions. The proportion of the ice cream business segment in the total turnover of 9 months of 2013 of Premia Foods was 35.7%,
The turnover of the frozen goods business segment increased during the 3rd quarter of 2013 on an annual basis by 11.8%, i.e. 0.7 million euro. In the summary of 9 months of 2013, the increase of this segment was 9.5%, i.e. 1.6 million euro, if compared to the previous year. In the summary of 9 months, the turnover of the frozen goods business segment increased the most, i.e. by 0.9 million euro, in Lithuania, Latvia followed with the increase of 0.6 million euro. The proportion of the frozen goods business segment in the total turnover of 9 months of 2013 of Premia Foods was 24.8%.
The turnover of the fish and fish products segment increased in the 3rd quarter of 2013 by 28.4%, i.e. 2.1 million euro, if compared to the previous year. The increase in turnover resulted mainly from the HoReCa sector. In the summary of 9 months, the turnover of the fish business segment increased in annual comparison by 9.8%, i.e. 2.4 million euro. The proportion of the fish and fish products segment in the turnover of 9 months of 2013 of Premia Foods was 36.4%.
| Turnover by target market (MEUR) |
Q1 2013 |
Q1 2012 |
Q2 2013 |
Q2 2012 |
Q3 2013 | Q3 2012 | 9 months 2013 | 9 months 2012 | 9 months 2013/9 months 2012 |
| Finland | 6.8 | 6.7 | 8.0 | 7.9 | 8.3 | 6.3 | 23.1 | 20.9 | +10.5% |
| Estonia | 5.3 | 4.9 | 7.9 | 7.5 | 8.1 | 7.4 | 21.3 | 19.8 | +7.6% |
| Latvia | 2.9 | 2.4 | 4.3 | 3.7 | 4.0 | 3.7 | 11.2 | 9.8 | +13.5% |
| Lithuania | 1.8 | 1.6 | 4.0 | 3.6 | 3.5 | 3.3 | 9.3 | 8.5 | +10.8% |
| Russia | 1.4 | 1.5 | 3.5 | 3.3 | 2.8 | 2.8 | 7.7 | 7.6 | +1.2% |
| Other markets | 0.0 | 0.0 | 0.2 | 0.2 | 0.1 | 0.0 | 0.3 | 0.2 | +50.2% |
| Total | 18.3 | 17.1 | 27.8 | 26.1 | 26.9 | 23.6 | 72.9 | 66.8 | +9.2% |
In the summary of 9 months of 2013, the turnover has increased in all of Premia’s target markets. The greatest increase in turnover came from Finland where the increase was 2.2 million euro, if compared to the previous year. Estonia followed with the increase in turnover of 1.5 million euro and Latvia came third with the increase in turnover of 1.3 million euro. The proportion of the Baltic markets in the total turnover of 9 months of 2013 of Premia Foods was 57.4%.
Additional information:
Katre Kõvask
Premia Foods
Chairman of the Management Board
T: +372 6 033 800
katre.kovask@premia.ee
www.premiafoods.eu