PRFoods unaudited preliminary consolidated turnover in the 2nd quarter of the financial year 2020/2021 amounted to
Indrek Kasela, CEO, PRFoods:
„The impact of COVID-19 continues in fish sector and as we noted in last sales announcement, HoReCa sector which gives ca 1/3 of salmon- and troutbusiness both globally and regionally, will not recover to previous levels in next 12 months. End of the year brought Christmas lockdowns around
In the second quarter of the financial year, the sales declined in all product groups compared to the second quarter of the previous financial year. The sales of fresh fish and fillets’ product group that formed 32% of the product portfolio (2Q 2019/2020: 45%) more than halved compared to the second quarter of the previous financial year. The sales of smoked products that accounted for 47% (2Q 2019/2020: 36%) declined by 13.4% over the financial years.
Turnover by product groups, mln EUR | 2Q 20/21 | 2Q 19/20 | Change, EUR | Change, % |
Fresh fish and fillets | 5.51 | 11.35 | -5.84 | -51.4% |
Smoked products | 7.96 | 9.20 | -1.23 | -13.4% |
Other fish products | 3.59 | 4.88 | -1.29 | -26.4% |
Other revenue | 0.00 | 0.01 | -0.01 | -90.9% |
Total | 17.07 | 25.43 | -8.37 | -32.9% |
By customer groups, the sales increased in the second quarter in retail chains by 3.2%. In HoReCa and wholesale sectors the decline was 52.7% and 60.9%, respectively. The share of retail chains’ sales of the second quarter was 57%, wholesale 20% and HoReCa 17%. In the second quarter of the previous financial year, the customer groups accounted for 37%, 35% and 24%, respectively.
Turnover by client groups, mln EUR | 2Q 20/21 | 2Q 19/20 | Change, EUR | Change, % |
Retail chains | 9.70 | 9.40 | 0.30 | 3.2% |
Wholesale | 3.45 | 8.83 | -5.38 | -60.9% |
HoReCa | 2.84 | 6.01 | -3.16 | -52.7% |
Other revenue | 1.07 | 1.19 | -0.12 | -10.1% |
Total | 17.07 | 25.43 | -8.37 | -32.9% |
The three largest markets had an aggregated turnover of
Turnover by countries, mln EUR | 2Q 20/21 | 2Q 19/20 | Change, EUR | Change, % |
11.01 | 15.84 | -4.83 | -30.5% | |
2.73 | 3.46 | -0.73 | -21.2% | |
1.11 | 2.50 | -1.39 | -55.7% | |
0.74 | 1.72 | -0.98 | -56.9% | |
Other countries | 1.48 | 1.92 | -0.43 | -22.6% |
Total | 17.07 | 25.43 | -8.37 | -32.9% |
Indrek Kasela
Member of the Management Board
Phone: +372 452 1470
investor@prfoods.ee
www.prfoods.ee
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