Snaige
Interim information

Snaigė AB reaches EBITDA of EUR 1.99 million in the first half of this year

Alytus, Lithuania, 2016-08-31 16:29 CEST -- Snaigė AB reached an EBITDA of EUR 1.99 million (according to consolidated unaudited data) within the first six months of this year, which is 52% higher than during the same period last year.

Gediminas Čeika, Director General of Snaigė, is very positive about the company’s achievements. “Even though sales proceeds had slightly dropped, the company’s EBITDA had a significant increase due to sales growth in markets where Snaigė sells products under its own brand,” he said. “We are particularly happy about our recovering sales in Ukraine. Compared to the same period last year, sales in this country went up by 51% in the first half of 2016,” Mr Čeika added.

France, Germany, Ukraine, Poland and the Czech Republic remain the company's largest markets.

According to consolidated unaudited data, the company made EUR 755,000 in net profit during the first half of this year. The company's consolidated unaudited revenue reached EUR 19 million.

         Director General of Snaigė AB
         Gediminas Čeika
         +370 315 56206