Tallinn, Estonia, 2016-04-08 08:00 CEST (GLOBE NEWSWIRE) --
AS PRFoods unaudited consolidated revenue for Q1 2016 decreased by -0.6% compared with the same period in 2015, reaching to 10.2 million euros.
Revenues by product groups
| Revenues mln EUR | Q1 2016 | Q1 2015 | Change mln EUR | Change % | Proportion |
| Smoked products | 3.6 | 3.8 | -0.1 | -3.8% | 35.3% |
| Other fish products | 1.5 | 2.1 | -0.6 | -29.0% | 14.9% |
| Raw fish and fillets | 5.1 | 4.4 | +0.7 | +15.8% | 49.8% |
| Other | 0.01 | 0.00 | +0.01 | n/a | 0.05% |
| Total | 10.2 | 10.3 | -0.1 | -0.6% | 100.0% |
The biggest increase in revenue came from raw fish and fillets product group, increasing 0.7 million euros i.e. +15.8%. The biggest decrease in revenue came from other fish products group, decreasing -0.6 million euros i.e. -29.0%. The revenue from smoked products group decreased by -3.8%.
Revenues by client segments
| Revenues mln EUR | Q1 2016 | Q1 2015 | Change mln EUR | Change % | Proportion |
| HoReCa | 2.9 | 3.0 | -0.1 | -3.3% | 28.7% |
| Retail chains | 5.3 | 5.5 | -0.2 | -2.8% | 51.7% |
| Wholesale | 2.0 | 1.8 | +0.2 | +9.3% | 19.1% |
| Other | 0.05 | 0.02 | +0.03 | +120.3% | 0.5% |
| Total | 10.2 | 10.3 | -0.1 | -0.6% | 100.0% |
According to the client segments revenue in wholesale sector increased by +9.3% and decreased in both HoReCa and retail chains sector -3.3% and -2.8%, respectfully.
Revenues by target markets
| Revenues mln EUR | Q1 2016 | Q1 2015 | Change mln EUR | Change % | Proportion |
| Finland | 8.3 | 9.3 | -1.0 | -10.6% | 81.0% |
| Estonia | 1.4 | 0.9 | +0.5 | +54.1% | 13.4% |
| Other | 0.6 | 0.1 | +0.4 | +331.3% | 5.6% |
| Total | 10.2 | 10.3 | -0.1 | -0.6% | 100.0% |
The biggest increase in Q1 2016 came from Estonian market in total of 0.5 million euros. As a result the share of Estonian revenue from total revenue has increased by +4.8 percentage points compared to the same period in previous year. In other countries, mostly in Latvia, the revenue increased by 0.4 million euros. The increase of Estonia’s and Latvia’s market’s revenue has mostly been affected by successful fresh fish and fish fillet’s marketing.
Finnish revenue decreased by 1.0 million euros i.e. -10.6% which is a result of the loss of several Private Label and HoReCa products. The decrease was slightly compensated by orders from couple of new clients. Finnish market revenue has decreased by -9.1 percentage points compared to the previous period and accounted 81.0% of the total revenue of Q1 2016.
Indrek Kasela
AS PRFoods
Member of the Management Board
Phone: +372 6033 800
indrek.kasela@prfoods.ee
www.prfoods.ee