DGAP-News: Preliminary results 2012: Haikui Seafood achieves growth and profitability targets
(firmenpresse) - DGAP-News: Haikui Seafood AG / Key word(s): Preliminary Results
Preliminary results 2012: Haikui Seafood achieves growth and
profitability targets
13.03.2013 / 07:48
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Preliminary results 2012: Haikui Seafood achieves growth and profitability
targets
* Revenue growth of 28.3 per cent exceeds guidance of 25 per cent
* EBIT increased by 35.9 per cent to EUR 44 million
* Improved gross profit margin and EBIT margin
Frankfurt am Main, 13 March 2013 - For the financial year 2012 Haikui
Seafood AG, an established seafood processing company with sales in
international markets and China, has achieved all its financial targets.
Revenue growth and profit margins surpassed the guidance provided in the 9
months 2012 report.
Based on the preliminary figures, Haikui Seafood registered revenue of EUR
195.1 million, an increase of 28.3 per cent compared to 2011, which is
higher than the previously anticipated growth rate of 25 per cent. The main
growth drivers were sales in the international markets, especially to Asia
with the strongest sales growth from Taiwan. Thus international sales made
up 83.0 per cent of Haikui's total revenue in 2012.
Haikui also remained highly profitable and outperformed its earnings
targets. While gross profit grew by 32.6 per cent to EUR 50.3 million
(2011: EUR 37.9 million), gross profit margin improved by approximately 0.8
percentage points to 25.8 per cent. The higher gross profit margin mainly
resulted from increased sales in higher-margin crab products.
Operating profit (EBIT) also grew faster than sales and rose by
approximately 35.9 per cent from EUR 32.4 million in 2011 to EUR 44.0
million in 2012. EBIT margin grew by approximately 1.3 percentage points to
22.5 per cent.
'I am very proud that we were able to reach and even exceed our ambitious
targets in 2012. The strong sales growth and improved profit margins
demonstrate our ability to manage the supply and demand side of business
seasonality. We will continue to offer high-value high-quality seafood
products, diversify our customer base and expand our sales network', says
Chen Zhenkui, CEO of Haikui Seafood AG.
Haikui Seafood will publish its full annual report for the financial year
2012 on 17 April 2013.
About Haikui Seafood AG
Haikui processes fish and seafood for the Chinese and international
markets. The product portfolio comprises more than 100 different products
from frozen or canned fish and seafood, produced from a large variety of
species of raw fish and seafood, including prawn, crab, various fish
species and shellfish as well as cephalopods. Clients of Haikui are
distributors in China and overseas, located mainly in Asia, the U.S and
Europe. Haikui employs around 600 permanent employees and on average around
1,600 additional temporary workers. The company has an annual processing
capacity of more than 34,000 tonnes (output). The processing facilities are
located in the South-East of China on Dongshan Island, Zhangzhou, Fujian
Province. Haikui operates a streamlined supply chain including self-owned
processing facilities, in-house research and product development capacities
as well as warehousing and cold storage facilities while simultaneously
cooperating closely with raw goods suppliers.
For further information please visit www.haikui-seafood.com or contact
Kirchhoff Consult AG
Dr. Kay Baden
Phone: +49 (0)40 609 186 39
baden(at)kirchhoff.de
Disclaimer concerning prognoses
This communication contains forward-looking statements. Forward-looking
statements are statements that are not historical facts instead they
reflect Haikui Seafood's current views and expectations and the assumptions
underlying them about future events. Forward-looking statements are subject
to many risks and uncertainties. If any of such risks and uncertainties
materialise or if the assumptions underlying any of Haikui Seafood's
forward-looking statements are proving to be incorrect, Haikui Seafood's
actual results may be materially different from those expressed or implied
by such forward-looking statements. Haikui Seafood does not intend or
assume any obligation to update these forward-looking statements. Any
forward-looking statement speaks only as of the date on which it is made.
End of Corporate News
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Language: English
Company: Haikui Seafood AG
c/o Ashurst LLP, OpernTurm, Bockenheimer Landstraße 2-4
60306 Frankfurt am Main
Germany
Phone: +49 40 60 91 86 - 0
Fax: +49 40 60 91 86 - 60
E-mail: haikui(at)kirchhoff.de
Internet: www.haikui-seafood.de
ISIN: DE000A1JH3F9
WKN: A1JH3F
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf
End of News DGAP News-Service
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203659 13.03.2013
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