OREANDA-NEWS. AS PRFoods unaudited consolidated revenue for Q3 2015 increased +13.3% i.e. 1,335 thousand euros compared with the same period in 2014, reaching to 11,377 thousand euros. The unaudited consolidated revenue for 9 months 2015 was 33,114 thousand euros, increasing +5.1% i.e. 1,599 thousand euros during the year.

Revenue by product groups (mln EUR)

Revenues Q1 2015 Q1 2014 Q2 2015 Q2 2014 Q3 2015 Q3 2014 9 months 2015 9 months 2014 9 months 2015/

9 months 2014
Smoked products 3.8 3.9 4.9 4.6 4.6 4.0 13.3 12.5 +6.2%
Other fish products 2.1 2.1 2.3 2.2 2.2 2.0 6.6 6.3 +4.6%
Raw fish and fillets 4.4 4.1 4.2 4.4 4.6 4.0 13.2 12.5 +6.0%
Other 0.0 0.1 0.0 0.1 0.0 0.0 0.0 0.2 -90.2%
Total  10.3 10.2 11.4 11.3 11.4 10.0 33.1 31.5 +5.1%

The biggest increase in revenue came from smoked products and raw fish and fillets product groups, increasing 775 thousand euros i.e. +6.2% and 747 thousand euros i.e. +6.0% respectfully. The revenue from other product groups increased 291 thousand euros i.e. +4.6%. Other sales in 2014, 0.2 million euros, were related to income from discontinued operations.

According to the client segments the revenue in wholesale sector increased 1,855 thousand euros and 517 thousand euros in retail sector. The increase in wholesale sector was +53.8% and +3.0% in retail sector. In HoReCa sector the revenue decreased 723 thousand euros i.e. -6.9%.

Revenues by target markets (mln EUR)

Revenues Q1 2015 Q1 2014 Q2 2015 Q2 2014 Q3 2015 Q3 2014 9 months 2015 9 months 2014 9 months 2015/

9 months 2014
Finland 9.3 8.7 10.0 9.9 10.3 8.8 29.6 27.4 +7.8%
Estonia 0.9 1.2 1.2 1.2 1.0 1.0 3.1 3.4 -8.0%
Other 0.1 0.3 0.2 0.2 0.1 0.2 0.4 0.7 -36.2%
Total 10.3 10.2 11.4 11.3 11.4 10.0 33.1 31.5 +5.1%

In 9 months 2015 the revenue in Finnish market increased +7.8% i.e. 2,139 thousand euros. The proportion of Finnish revenue in total turnover of AS PRFoods 9 months revenue in 2015 accounted for 89.3%, increasing +2.3% compared with the same period in 2014.