Baltic Export, Estonia, Foodstuff, Good for Business, Markets and Companies

The turnover increased in all the business segments of Premia Foods and the growth came from the Finnish and Latvian markets. The greatest contribution to the growth was made by the fish business segment where the turnover increased by 22.1%, i.e. 1.8 million euro, by a year.

The turnover of the ice cream business segment increased in the first quarter of 2014 by 0.8% if accounted in euro – the increase in turnover was significantly influenced by the weakening of the exchange rate of the Russian rouble against euro. While eliminating the exchange rate fluctuations, the turnover of ice cream increased in the first quarter of 2014 by 0.2 million euro, i.e. 7.0%. The greatest monetary increase came from Estonia where the turnover increased by 0.2 million euro, i.e. 11.8%. The ice cream business segment contributed 17.5% to the total turnover of Premia Foods in the first quarter of 2014.

The turnover of the frozen goods business segment increased on an annual basis by 4.0%, i.e. 0.2 million euro. The greatest monetary contribution came from Latvia where the turnover increased by 0.4 million euro. The proportion of the turnover of the frozen goods in the total turnover of the first quarter of 2014 of Premia Foods was 29.9%.

The turnover of the fish and fish products business segment increased during the reporting period by 22.1%, i.e. 1.8 million euro, if compared to the same period of 2013. The increase came mostly from the Finnish retail market and from the cold and hot smoked product group. The fish and fish products business segment contributed 49.2% of the total turnover of Premia Foods in the first quarter of 2014.

In the first quarter of 2014, the turnover increased in the Finnish and Latvian markets. The main reason for the decrease in turnover in the Russian market was the weakening of the Russian rouble exchange rate against euro – in the first quarter of 2014 the average exchange rate decreased by 16.4% on annual basis. The decrease of turnover in the Lithuanian market was mainly caused by the decrease of the sales of private label products in the ice cream business segment. The proportion of the total turnover of Premia Foods generated in the Baltic markets in the first quarter of 2014 was 51.0%.