MANAGEMENT COMMENTARY PRFoods continues to operate as an Estonian-British group, having two productions facilities in Estonia and United Kingdom respectively. The third quarter of the current financial year has proven to be predictably challenging due to the prevailing economic situation, business climate, and the decline in customer purchasing power. High inflation and consumer behavior are affecting all food producers, and we can observe a moderate decrease in demand in terms of quantity in th
Consolidated Unaudited Interim Report of AS PRFoods for the 2nd quarter and 6 months of 2023/2024 financial year MANAGEMENT COMMENTARY First half-year of PRFoods has ended. The major changes are related to the sale of its subsidiary Redstorm OÜ. Additionally, one fish farming license was sold for 2,5 million euros to the same buyer in November. The sale of Redstorm and the fish farming license resulted in a one-time loss for the Group totalling 0,3 million euros, while the transaction's impact,
AS PRFoods (hereinafter “PRFoods”) hereby notifies investors of the following related parties' transaction. Saaremere Kala AS and PRFoods’s shareholder Amber Trust II S.C.A., SICAR (hereinafter „ATII“), have entered into a claim assignment and loan agreement on 31.01.2024, under which ATII shall assign its loan claim in principal amount of EUR 250,000 against Redstorm OÜ to Saaremere Kala AS against its nominal value, which obligation shall be treated as a loan with the with an interest rate of