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Investegate |PRFoods Announcements | PRFoods: Consolidated Unaudited Interim Report of AS PRFoods for the 2nd quarter and 6 months of 2020/2021 financial year

PRFoods
Consolidated Unaudited Interim Report of AS PRFoods for the 2nd quarter and 6 months of 2020/2021 financial year
Consolidated Unaudited Interim Report of AS PRFoods for the 2nd quarter and 6 months of 2020/2021 financial year
MANAGEMENT COMMENTARY
Second half of 2020 is characterized by continuation of COVID crisis. Salmon prices are 12-year low and compared to the same period last year, salmon prices are down 38% and rainbow trout is down by 22.5%. Adding to this global decrease in demand due to shutdown of HoReCa and you can call the situation as „perfect storm“. Companies who emerge from this crisis unscathed will be future winners. Arrival of vaccines is giving hope that we can see some normalization during 2nd half of 2021. 2022 will definitely be more profitable year in Fish farming as farmers can plan better the demand. Today’s farming volumes were planned before crisis and therefore there is massive oversupply in the market and most Fish farme ....

Indrek Kasela , John Ross Jr , Owners Of The Company , Consolidated Unaudited Interim Report , Investegate Announcements , Investegate Company Announcements , Globe Newswire , Globenewswire And , ஜான் ரோஸ் ஜூனியர் , ஓநர்ஸ் ஆஃப் தி நிறுவனம் ,

Consolidated Unaudited Interim Report of AS PRFoods for the 2nd quarter and 6 months of 2020/2021 financial year

MANAGEMENT COMMENTARY
Second half of 2020 is characterized by continuation of COVID crisis. Salmon prices are 12-year low and compared to the same period last year, salmon prices are down 38% and rainbow trout is down by 22.5%. Adding to this global decrease in demand due to shutdown of HoReCa and you can call the situation as „perfect storm“. Companies who emerge from this crisis unscathed will be future winners. Arrival of vaccines is giving hope that we can see some normalization during 2nd half of 2021. 2022 will definitely be more profitable year in Fish farming as farmers can plan better the demand. Today’s farming volumes were planned before crisis and therefore there is massive oversupply in the market and most Fish farmers operate either at loss or at break-even. John Ross Jr has shown extraordinary resilience in current crisis and is forecasted to end current financial year with similar result as to year before, gross margin of the business has risen over 50%. ....

Indrek Kasela , John Ross Jr , Owners Of The Company , Tallinn Stock Exchange Prf1t , ஜான் ரோஸ் ஜூனியர் , ஓநர்ஸ் ஆஃப் தி நிறுவனம் ,

Investegate |PRFoods Announcements | PRFoods: AS PRFoods unaudited preliminary consolidated turnover of the 2nd quarter and 6 months of the 2020/2021 financial year

Investegate announcements from PRFoods, AS PRFoods unaudited preliminary consolidated turnover of the 2nd quarter and 6 months of the 2020/2021 financial year ....

United Kingdom , Great Britain , Indrek Kasela , John Ross Jr , Investegate Announcements , Investegate Company Announcements , Globe Newswire , Globenewswire And , ஒன்றுபட்டது கிஂக்டம் , நன்று பிரிட்டன் , ஜான் ரோஸ் ஜூனியர் ,

AS PRFoods unaudited preliminary consolidated turnover of the 2nd quarter and 6 months of the 2020/2021 financial year

PRFoods unaudited preliminary consolidated turnover in the 2
nd quarter of the financial year 2020/2021 amounted to 17.07 million euros. Compared to the previous quarter i.e. the 1
st quarter, the sales increased by 33.9%, (1Q 2020/2021: 12.74 million euros), with retail sector increased by 30.7%, wholesale by 43.6% and HoReCa sector by 14.2%. Compared to last year same period, sales decreased by 32.9% (2Q 2019/2020: 25.43 million euros), decrease in HoReCa by 52.7% and in wholesale by 60.9%. Sales increased in retail sector by 3.2%
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 Europe, for example UK was in full lockdown. In December, price of fresh salmon and trout was at historic 12 year low ....

United Kingdom , Great Britain , Indrek Kasela , John Ross Jr , Tallinn Stock Exchange Prf1t , ஒன்றுபட்டது கிஂக்டம் , நன்று பிரிட்டன் , ஜான் ரோஸ் ஜூனியர் ,

North-east MP urges government to 'sort out Brexit mess'

North-east MP urges government to 'sort out Brexit mess'
eveningexpress.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eveningexpress.co.uk Daily Mail and Mail on Sunday newspapers.

United Kingdom , George Eustice , Stephen Flynn , John Ross Jr , European Union , Peterhead Harbour , United Kingdom Government , ஒன்றுபட்டது கிஂக்டம் , ஸ்டீபன் ஃப்லிந் , ஜான் ரோஸ் ஜூனியர் , ஐரோப்பிய தொழிற்சங்கம் , பீட்டர்ஹெட் துறைமுகம் , ஒன்றுபட்டது கிஂக்டம் அரசு ,