Haikui Seafood AG
Haikui Seafood AG: 9-month 2013 report
Haikui Seafood AG / Key word(s): Quarter Results 20.11.2013 / 08:02 --------------------------------------------------------------------- Haikui Seafood AG: 9-month 2013 report After the announcement of the preliminary results for the first 9 months of the fiscal year 2013 on November 7, 2013, Haikui Seafood AG today published its 9-month 2013 report with the final consolidated figures. Compared to the preliminary results, there were no changes. Due to various adverse market circumstances, revenue of Haikui Seafood declined by 22.3 per cent to 100.3 million Euros in the first nine months 2013. Profit from operations (EBIT) slipped by 47.3 per cent to 14.6 million Euros and net profit decreased by 53.2 per cent year-on-year amounting to 9.5 million Euros. Nevertheless, Haikui Seafood's financial position remained strong, with its equity increasing to 156.5 million Euros as of September 30, 2013, corresponding to an equity ratio of 97.2 per cent. Haikui Seafood remains cautious regarding its guidance for the full-year 2013. For the financial year 2013, the company expects a year-on-year decrease in revenue by around 20 per cent measured in RMB terms and an EBIT margin of approximately 14 per cent. However, the company may encounter some challenges in achieving its guidance, given the tight raw material situation and the on-going prolonged inspection process of the Chinese authorities, both of which Haikui Seafood has no control or influence over. The full 9-month report 2013 is available on the Haikui Seafood website under the following link: www.haikui-seafood.com/en/investor-relations/publications/reports/ About Haikui Seafood AG Haikui Seafood processes fish and seafood for the Chinese and international markets. Its products range includes 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 Seafood are distributors in China and overseas, located mainly in Asia, the U.S. and Europe. Haikui Seafood employs on average around 700 permanent employees and around 1,150 additional temporary workers in 9M 2013. 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 Seafood 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 Anja Ben Lekhal Phone: +49 (0)40 609 186 55 anja.benlekhal@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 --------------------------------------------------------------------- 20.11.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Haikui Seafood AG c/oAshurst,OpernTurm,Bockenh.Landstr.2-4 60306 Frankfurt am Main Germany Phone: +49 40 60 91 86 - 0 Fax: +49 40 60 91 86 - 60 E-mail: haikui@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 --------------------------------------------------------------------- 240694 20.11.2013
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