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PRF: Unaudited consolidated turnover, 4th quarter and 12 months, 2012

Spekuliantai.lt | 2013-01-15 | NASDAQ OMX biržų naujienos | perskaitė: 1352
Raktiniai žodžiai: Premia Foods AS, PRF
PRF: Unaudited consolidated turnover, 4th quarter and 12 months, 2012

Premia Foods Company Announcement 15.01.2013

PRF: Unaudited consolidated turnover, 4th quarter and 12 months, 2012

Tallinn, Estonia, 2013-01-15 08:00 CET (GLOBE NEWSWIRE) --

The unaudited consolidated turnover of AS Premia Foods in the 4th quarter was
19.6 million euro, which is 0.4 million euro, i.e. 1.8%, less than last year.
In the summary of the 12 months of 2012, the unaudited consolidated turnover of
Premia Foods is 86.4 million euro, which was 1.9 million euro, i.e. 2.1%, less
than in 2011. Compared to the year 2011, the turnover of Premia Foods increased
in the summary of both periods – in the 4th quarter and during 12 months – in
all the Baltic markets and frozen goods business segment.

Turnov Q1 Q1 Q2 Q2 Q3 Q3 Q4 Q4 12
12
er by 2012 2011 2012 2011 2012 2011 2012 2011 months
months
busin 2012
2011
ess
segme
nt
(MEUR)
Ice 3.7 4.0 10.7 12.2 10.0 9.4 3.0 3.2 27.4
28.8
cream
Frozen 5.3 4.9 5.6 5.0 5.6 5.6 5.9 5.1 22.4
20.6
goods
Fish 7.7 7.4 9.1 9.8 7.3 8.6 10.1 11.2 34.3
36.9
and
fish
produ
cts
Other 0.4 0.3 0.6 0.5 0.6 0.5 0.6 0.6 2.3
1.9
Total 17.1 16.7 26.1 27.6 23.6 24.1 19.6 20.0 86.4
88.3



The turnover result of the ice cream business segment was in the summary of 12
months 5% less than last year, which may be considered a positive result while
taking into account the unfavourable weather conditions in all the target
markets during the 2nd and 3rd quarter (the high season of ice cream sales).
One might recall that the summer of 2011, especially the 2nd quarter, was
extremely warm in the Baltics but also in the North-West Russia breaking
several sales records remaining unbreakable for several years before. For
Premia’s ice cream business segment, the summer of 2012 may be characterised by
the following keywords: strengthening the market leader position in the
Baltics, launch of totally renewed brand portfolio in Russia and emphasising on
profitability as main priority in all the target markets.

The frozen goods business segment was Premia’s most successful business segment
in 2012. All the target markets contributed into the 16% turnover growth and
the 8.7% growth in sales achieved in the 4th quarter; however, the greatest
growth, if compared to the results of 2011, was achieved in Latvia and
Lithuania. The frozen goods business segment is recovering from the financial
crisis in all the target markets of Premia and the price sensitivity of
consumers is still high. In the 4th quarter first frozen goods products were
introduced in the Russian market.

The fish and fish products business segment as a whole was in 2012 most
influenced by the decreased market prices of raw fish, which had a direct
effect on the turnover of Premia’s fish business segment. Nevertheless, where
the market price of rainbow trout decreased by 13% the turnover of Premia’s
fish business segment decreased in the summary of 2012 by 8.6% and the sales
volume increased by 2% during year 2012. And in Horeca- sector the turnover of
Premia increased by 80% during 2012 if compared to the year before. In the
Finnish market, retail chains are about to increase their focus on private
label products, due to which in 2012, Premia focused on the development and
launch of higher additional value products. By the end of the year Premia was
market share wise on the 2nd place in the Finnish market of packaged chilled
fish products.

Turnov Q1 Q1 Q2 Q2 Q3 Q3 Q4 Q4 12
12
er by 2012 2011 2012 2011 2012 2011 2012 2011 months
months
targe 2012
2011
t
marke
t
(MEUR
)
Finlan 6.7 6.3 7.9 8.5 6.3 7.7 8.2 9.2 29.1
31.8
d
Estoni 4.9 4.7 7.5 7.5 7.4 7.3 5.8 5.8 25.6
25.2
a
Latvia 2.4 2.3 3.7 3.6 3.7 3.5 2.8 2.3 12.7
11.7
Russia 1.5 1.9 3.3 4.3 3.3 3.1 1.1 1.1 8.7
9.8
Lithua 1.6 1.4 3.6 3.6 2.8 2.5 1.7 1.5 10.2
9.6
nia
Other 0 0 0.1 0.1 0.0 0.0 0.0 0.1 0.2
0.2
Total 17.1 16.7 26.1 27.6 23.6 24.1 19.6 20.0 86.4
88.3

In the summary of the 4th quarter and 12 months, the turnover of Premia
increased in all the Baltic markets and during both periods – the 4th quarter
and 12 months – the greatest growth in turnover was achieved in the Latvian
market, followed by the Lithuanian and Estonian markets. In the summary of
2012, in the Baltic markets Premia earned a turnover of 2 million euro more
than during 2011. While in the Finnish market the turnover was influenced by
the decreased market price of raw fish, then in Russia, there were significant
reorganisations in the product portfolio with the purpose to focus on the
profitability.


Additional information:
Kuldar Leis
Premia Foods
Chairman of Management Board
T: +372 6 033 800
[email protected]
www.premiafoods.eu

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