PRFoods AS saw revenue decrease by 13%, but Q4 turnover increased by 12%, facing challenges.

From GlobeNewswire: 2024-08-30 11:19:00

PRFoods AS underwent changes in the past financial year, focusing on production units in Estonia and the UK. Revenue decreased by 13%, but Q4 turnover increased by 12%. The Saaremaa production unit’s growth in various markets led to this boost, offsetting a loss of 2.78 million euros. Challenges included a halt in sales to Finland and a high debt burden. Despite these obstacles, the UK unit maintained market positions and profitability.
In terms of key ratios, sales for the financial year were 17.09 million euros, down from 19.58 million euros the previous year. The gross margin was 18.72%, with an operational EBITDA margin of -1.97% and an EBIT margin of -8.25%. The net margin was -16.29%, showing the challenges faced by PRFoods AS.
The consolidated statement of financial position shows that net debt was at 14.3 million euros, equity at 5.1 million euros, and total assets at 23.8 million euros. The liquidity ratio was 0.3x, while the gearing ratio was 73.8%. These figures indicate the financial standing of PRFoods AS at the end of the financial year.
Looking at the consolidated statement of profit or loss, revenue was 17.09 million euros, resulting in a net loss attributable to owners of the parent company of 2.78 million euros. Operating expenses were at 4.62 million euros, with selling and distribution expenses at 2.66 million euros. These financial figures provide an overview of PRFoods AS’s performance during the financial year.



Read more at GlobeNewswire:: Consolidated Unaudited Interim Report of AS PRFoods for the