PRFoods: Unaudited consolidated turnover of AS PRFoods, 2nd quarter and 6 months, 2015

OREANDA-NEWS.  PRFoods: Unaudited consolidated turnover of AS PRFoods, 2nd quarter and 6 months, 2015.

The unaudited consolidated turnover of PRFoods increased in the 2^nd quarter compared to the 2^nd quarter 2014 by 1.2%, i.e. by 0.1 million euro, reaching 11.4 million euro. The unaudited consolidated turnover of 6 months 2015 was 21.7 million euro, having increased by a year by altogether 1.2%, i.e. 0.3 million euro.

Revenues (mEUR)	Q1  2015	Q1 2014	Q2 2015	Q2 2014	6 months 2015	6 months 2014	6 months 2015 / 6 months 2014
Smoked products	3.8	3.9	4.8	4.6	8.6	8.5	+1.2%
Other fish products	2.1	2.1	2.3	2.2	4.4	4.3	+4.3%
Raw fish and fillets	4.4	4.1	4.3	4.4	8.7	8.5	+1.6%
Other	0.0	0.1	0.0	0.1	0.0	0.2	-92.0%
Total	10.3	10.2	11.4	11.3	21.7	21.5	+1.2%

According to client segments the biggest increase came from wholesale year-on-year basis by 31.3%, i.e. 0.8 million euro. Both HoReCa (Food Services) and retail sales dropped in total by -0.5 million euro. Food services declined by -5.0% and retail by -1.2%. Food services declined due to discontinuation of certain private label client. We are satisfied that sales in Finland, our main market, are on increase, year-on-year basis by 3.8%. Other sales from 2014 (0.2 million euro) are related to discontinued operations, hence the natural decline on year-on-year basis.

Revenues by target markets

Revenues by target markets (mEUR)	Q1  2015	Q1 2014	Q2 2015	Q2 2014	6 months 2015	6 months 2014	6 months 2015/ 6 months 2014
Finland	9.3	8.7	10.0	9.9	19.3	18.6	3.8%
Estonia	0.9	1.2	1.2	1.2	2.1	2.4	-7.9%
Other	0.1	0.3	0.2	0.2	0.3	0.5	-45.7%
Total	10.3	10.2	11.4	11.3	21.7	21.5	1.2%

In the summary of 6 months 2015, the turnover the Finnish market grew by 3.8%, i.e. 0.7 million euros. Finnish sales account for 88.7% of total sales, which has increased by 2.2 percentage points, which is in line with PRFoods strategy to focus on markets with higher purchasing power.