In June 2018 the unaudited consolidated sales revenue of PRFoods increased by +58.0% y-o-y, i.e. by +2.6 million euros due to acquisition of new companies, reaching the level of 7.1 million euros. Comparable sales revenue decreased by -17.9%, i.e. -0.8 million euros.
PRFoods revenue increased 2nd quarter of 2018 compared to same period last year by +73.1%, i.e. by +9.5 million euros, reaching the level of 22.6 million euros. Comparable sales revenue decreased in 2nd quarter by -2.0 million euros, i.e. -16.1%. Sales quantity increased in 2nd quarter of 2018 compared to previous year by +3,219 tonnes, i.e. +113.6%.
The acquisition of John Ross Jr., Coln Valley and Trio Trading has increased Group’s sales by 11.1 million euros in 2nd quarter and will further support of strategy of international growth and profitability.
Sales revenue decreased in by -6.7 million euros, i.e. -22.8% compared to pro forma sales revenue in 2nd quarter 2017. Pro forma sales revenue in 2nd quarter 2017 includes all group companies.
Pro forma revenue is divided by largest target markets in 2nd quarter as following: Finland 16.0 million euros, UK 3.2 million euros, Estonia 1.2 million euros, Latvia 0.8 million euros, France 0.7 million euros and Greece 0.2 million euros. Remaining revenue 0.5 million euros consists of export to various countries.
2018/2018 financial year (18 months) unaudited sales revenue increased to 119,0 million euros. Pro forma sales revenue in same period was 155,1 million euros.
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.
| Consolidated | Pro Forma | |||||||
| Revenues mln EUR | 06’2018 | 06’2017 | change | change % | 06’2018 | 06’2017 | change | change % |
| Smoked products | 3.2 | 2.1 | 1.1 | +52.5% | 3.2 | 3.7 | -0.5 | -13.5% |
| Other fish products | 0.8 | 0.7 | 0.1 | +15.5% | 0.8 | 1.0 | -0.1 | -11.6% |
| Raw fish and fillets | 3.1 | 1.7 | 1.4 | +81.3% | 3.1 | 5.4 | -2.4 | -43.5% |
| Other | 0.0 | 0.0 | 0.0 | +99,048.9% | 0.0 | 0.1 | -0.1 | -74.4% |
| Total | 7.1 | 4.5 | 2.6 | +58.0% | 7.1 | 10.2 | -3.0 | -30.0% |
The largest increase in June compared to previous year in revenue came from the raw fish and fillets products group, which increased by +1.4 million euros, i.e. +81.3%. The revenue from the smoked products group increased by +1.1 million euros, i.e. +52.5% and the revenue from the other fish product group increased by +0.1 million euros, i.e. +15.5%.
| Consolidated | Pro Forma | |||||||
| Revenues mln EUR | Q2’18 | Q2’17 | change | change % | Q2’18 | Q2’17 | change | change % |
| Smoked products | 9.3 | 5.8 | 3.5 | +59.2% | 9.3 | 10.7 | -1.4 | -13.2% |
| Other fish products | 2.5 | 2.3 | 0.2 | +7.9% | 2.5 | 2.9 | -0.5 | -15.8% |
| Raw fish and fillets | 10.7 | 4.9 | 5.8 | +118.6% | 10.7 | 15.3 | -4.6 | -29.9% |
| Other | 0.1 | 0.0 | 0.1 | +603.5% | 0.1 | 0.4 | -0.2 | -68.9% |
| Total | 22.6 | 13.1 | 9.5 | +73.1% | 22.6 | 29.3 | -6.7 | -22.8% |
The largest increase in 2nd quarter compared to previous year in revenue came from the raw fish and fillets products group, which increased by +5.8 million euros, i.e. +118.6%. The revenue from the smoked products group increased by +3.5 million euros, i.e. +59.2% and the revenue from the other fish product group increased by +0.2 million euros, i.e. +7.9%.
Indrek Kasela
AS PRFoods
Member of the Management Board
Phone: +372 452 1470
investor@prfoods.ee
www.prfoods.ee
