PRF: Unaudited consolidated turnover of AS Premia Foods, 1st quarter and 3 months, 2013
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2013-04-10
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PRF: Unaudited consolidated turnover of AS Premia Foods, 1st quarter and 3 months, 2013
Premia Foods Company Announcement 10.04.2013
PRF: Unaudited consolidated turnover of AS Premia Foods, 1st quarter and 3
months, 2013
Tallinn, Estonia, 2013-04-10 08:00 CEST (GLOBE NEWSWIRE) --
The unaudited consolidated turnover of Premia
Foods increased in the 1st quarter 2013 by
6.9%, i.e. by 1.2 million euro, if compared to the 1st
style="font-size:11pt;"> quarter 2012, reaching 18.3 million euro in total. The
turnover increased in all the target markets of Premia Foods and the growth
came from the frozen goods and fish business segments.
Turnover by business segment (MEUR) Q1 2013 Q1 2012 Growth
Ice cream 3.6 3.7 -3.6%
Frozen goods 5.9 5.3 11.0%
Fish and fish products 8.2 7.7 7.6%
Other 0.6 0.4 31.9%
Total 18.3 17.1 6.9%
The turnover of the
style="font-size: 11pt;">ice cream business segment
style="font-size:11pt;"> was 0.1 million euro less than during the same period
2012. The backlog in turnover came mainly from the decreased turnover in this
business segment in the Latvian, Lithuanian and Russian markets, the turnover
in the Estonian market increased by 5%, if compared to the same period 2012.
Considering the arctic weather conditions in March in all the target markets,
the result of this business segment (especially in Estonia) may be deemed
satisfactory.
The turnover of the frozen goods business segment increased 11%, i.e. 0.6
million euro on annual basis. The turnover increased in Latvia, Lithuania and
Russia. The result of the Estonian market remained at the same level with the
result of the comparable period 2012.
The turnover of the fish and fish products business segment increased by 8%,
i.e. 0.6 million euro, if compared to the same period 2012. The growth came
from the Finnish, Estonian and Latvian markets and the referred markets
generated equal monetary input into the growth in turnover.
Turnover by target market (MEUR) Q1 2013 Q1 2012 Growth
Finland 6.8 6.7 1.6%
Estonia 5.3 4.9 8.4%
Latvia 2.9 2.4 19.5%
Russia 1.5 1.5 7.3%
Lithuania 1.7 1.6 4.0%
Total 18.3 17.1 6.9%
In the 1st
quarter 2013, the turnover increased in all the target markets of Premia Foods,
if compared to the results of the 1st
quarter 2012. The greatest growth in turnover was achieved in Latvia: 0.5
million euro, i.e. 19.5%. The second runner up during this accounting period
was Estonia with its turnover growth of 0.4 million euro, i.e. 8.4%. While the
growth in Estonia came from ice cream and fish business segments and other
services, then in Latvia the growth was generated in the fish and frozen goods
business segments.
Additional information:
Kuldar Leis
Premia Foods
Chairman of Management Board
T: +372 6 033 800
[email protected]
www.premiafoods.eu