Record per­for­mance for baltic fish farmer

Fish Farmer - - European News -

PRFOODS, one of the Baltic’s fastest grow­ing seafood and fish farm­ing busi­nesses, has un­veiled a record per­for­mance in 2016. The com­pany is en­gaged in the pro­duc­tion and pro­cess­ing of fish prod­ucts in Fin­land and Es­to­nia, and fish farm­ing in Swe­den and Fin­land. Trout farmed in the lakes of Swe­den and in the archipelag­o in the Turku area in Fin­land, as well as salmon im­ported from Norway, are pro­cessed in the pro­duc­tion fa­cil­i­ties of Hei­mon Kala OY in Renko, Fin­land, and in Vet­tel OÜ on the is­land Saare­maa, Es­to­nia. PRFoods said in a state­ment: ‘We ex­ceeded our rev­enue prog­no­sis by € 2.4 mil­lion and profit be­fore taxes and de­pre­ci­a­tion (EBITDA) in­creased by 28.7 per cent or € 0.6 mil­lion. ‘The com­pany achieved rev­enue of € 47.4 mil­lion (Q4 sales were

€ 16.9 mil­lion), but we also faced very rapid in­crease in raw ma­te­rial prices well into Q4.’ Last year was a suc­cess­ful one for fish farm­ing oper­a­tions, said the com­pany. The sea­son started much ear­lier in Fin­land and Swe­den, and good cli­matic con­di­tions lasted through­out the farm­ing sea­son. ‘We im­proved the qual­ity of feeds and feed­ing tech­nolo­gies, which re­sulted higher growth in biomass.’ At the end of 2016, biomass was 16.7 per cent higher (1,418 tonnes) on a year on year ba­sis.

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