Last €4.22 EUR
Change Today -0.143 / -3.28%
Volume 290.0
H8K On Other Exchanges
Symbol
Exchange
Xetra
As of 1:15 PM 07/9/14 All times are local (Market data is delayed by at least 15 minutes).

haikui seafood ag (H8K) Snapshot

Open
€4.36
Previous Close
€4.36
Day High
€4.40
Day Low
€4.22
52 Week High
07/12/13 - €8.20
52 Week Low
12/23/13 - €4.08
Market Cap
43.4M
Average Volume 10 Days
1.4K
EPS TTM
€1.00
Shares Outstanding
10.3M
EX-Date
--
P/E TM
4.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for HAIKUI SEAFOOD AG (H8K)

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haikui seafood ag (H8K) Details

Haikui Seafood AG is engaged in the production and distribution of frozen and canned seafood products for the Chinese and international markets. It operates in two segments, Frozen Products and Canned Products. The company’s frozen products include crabs, prawns, fishes, prawns and others, such as shellfish and cephalopods; and canned products comprise tuna meat, mackerel, sardines, spicy snappers, and canned eels under the Haikui brand. It serves distributors, including large processing companies. The company was founded in 1993 and is based in Frankfurt am Main, Germany.

1,600 Employees
Last Reported Date: 05/22/14
Founded in 1993

haikui seafood ag (H8K) Top Compensated Officers

Chairman of Management Board and Chief Execut...
Total Annual Compensation: €136.0K
Chief Financial Officer and Member of Managem...
Total Annual Compensation: €117.0K
Vice Chairman of Management Board and Chief O...
Total Annual Compensation: €80.0K
Compensation as of Fiscal Year 2013.

haikui seafood ag (H8K) Key Developments

Haikui Seafood AG Reports Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the First and Second Half of 2014

Haikui Seafood AG reported earnings results for the first quarter ended March 31, 2014. For the quarter, despite the still on-going difficult market environment in the first quarter 2014 affecting the results of Chinese seafood processors, Haikui Seafood succeeded in increasing its profit margins and further strengthening the Group's financial position. Revenue declined by 28.7% to EUR 30.2 million compared to EUR 42.4 million a year ago. Measured in the local currency RMB, revenue decreased by 27.9% year-on-year. Regarding the revenue decline in first quarter 2014, it has to be taken into account that the first quarter of 2013 was a very strong quarter as the large supplies of raw seafood in the second half of 2012 and at the beginning of 2013 enabled Haikui Seafood to meet sales deliveries in first quarter 2013. Moreover, the first quarter 2013 results were not affected by the CIQ's measures. The EBIT margin increased to 17.0% and the net profit margin improved to 13.7%. With respect to the half-year results, first half 2014 revenue is expected to be lower compared to first half 2013 with the growth in the top-line expected to be recorded sometime in second half 2014. Margins for first half 2014 are expected to be slightly lower than first half 2014 but higher than first half 2013.

Haikui Seafood Provides Earnings Guidance for the First Quarter of 2014

Haikui Seafood provided earnings guidance for the first quarter of 2014. The company said that given the current situation and although revenue in first quarter 2014 is expected to be lower compared to first quarter 2013, management expects revenue in RMB terms to increase by at least 5 to 10% in 2014. EBIT margin is estimated to be in the range of 11% to 13%.

Haikui Seafood AG Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2013

Haikui Seafood AG announced audited consolidated earnings results for the year ended December 31, 2013. For the year, revenue was EUR 117.638 million, profit from operations was EUR 15.940 million, profit before income tax was EUR 14.655 million and profit for the year attributable to owners of the parent was EUR 10.232 million or EUR 1.00 per basic and diluted share against revenue of EUR 195.121 million, profit from operations of EUR 43.982 million, profit before income tax of EUR 43.542 million and profit for the year attributable to owners of the parent of EUR 32.184 million or EUR 3.16 per basic and diluted share a year ago. Cash flows from operating activities was EUR 11.374 million and acquisition of property, plant and equipment was EUR 325,000 against cash flows from operating activities of EUR 25.569 million and acquisition of property, plant and equipment of EUR 1,300,000 a year ago.

 

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Price/Sales 0.4x
Price/Book 0.3x
Price/Cash Flow 4.7x
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