OREANDA-NEWS. The unaudited consolidated turnover of the continuing operations of PRFoods in the 4th quarter of 2014 was 14.4 million euro, which is 12.7%, i.e. 2.1 million euro, less than in the 4th quarter 2013. The decrease comes from the retail market and from both, raw fish and cold and hot smoked product groups. The unaudited consolidated turnover of 12 months of 2014 reached 45.9 million euro, having increased by 5.8%, i.e. 2.5 million euro, per year. The growth comes from both, HoReCa and retail markets, and from cold and hot smoked product groups.

In connection with the sale of the Baltic and Russian ice cream and frozen goods operations, the sales of AB Premia KPC, Premia Tallinna K?lmhoone AS, AS Premia FFL and OOO Khaldikombinat No 1 are accounted as discontinued operations. The turnover of 2014 includes the revenue from the discontinued operations until the sale of the respective companies, i.e. until 31.10.2014.

Turnover
(MEUR)		 Q1 2014 Q1 2013 Q2 2014 Q2 2013 Q3 2014 Q3 2013 Q4 2014 Q4 2013 12 months 2014 12 months 2013 12 months 2014/
12 months 2013
Continuing operations 10.2 8.3 11.3 9.0 10.0 9.6 14.4 16.5 45.9 43.4 +5.8%
Discontinued operations 10.5 10.1 17.9 18.9 18.9 17.5 3.3 9.7 50.6 56.2 -9.9%

 

The turnover of continuing operations by target markets:

Turnover of target market
(MEUR)		 Q1 2014 Q1 2013 Q2 2014 Q2 2013 Q3 2014 Q3 2013 Q4 2014 Q4 2013 12 months 2014 12 months 2013 12 months 2014/
12 months 2013
Finland 8.7 6.7 9.8 7.8 8.8 8.1 12.2 13.1 39.6 35.9 +10.3%
Estonia 1.1 1.3 1.2 1.0 1.0 1.3 1.9 2.6 5.2 6.3 -16.2%
Other 0.3 0.3 0.3 0.1 0.2 0.1 0.3 0.7 1.1 1.2 -13.5%
Total 10.2 8.3 11.3 9.0 10.0 9.6 14.4 16.5 45.9 43.4 +5.8%

In the summary of 12 months of 2014, the turnover increased in the Finnish market where the sales of cold and hot smoked products increased. The proportion of the Finnish turnover in the total turnover of 12 months of 2014 of PRFoods was 86%.