Estonia-based food group Premia Foods has reported an increase in sales in the first nine months of 2014 with turnover in each of its divisions – including two it has agreed to sell – rising in the third quarter.
Premia booked a 7.4% rise in revenue to EUR78.3m (US$99.1m) for the nine months to the end of September.
Go deeper with GlobalData
Earlier this week, the company announced plans to sell its ice cream and frozen food divisions to Latvian dairy group Food Union, leaving it with operations in the fish products sector.
Premia said sales from the ice cream and frozen food businesses rose in the third quarter of the year. Ice cream, Premia’s largest division by turnover, increased 7.7%, mitigating lower sales in the first half of the year. Premia’s ice cream sales in the first nine months of 2014 were down 3.5% due to the weakening of the rouble.
Sales of frozen foods were up 8.1% in the first nine months of the year, after three successive quarters of growth.
Premia said sales from its fish and fish products business rose 17.4% during the period thanks to retail sales in Finland.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
