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Pieno zvaigzdes AB, not audited financial results for the year 2013

February 28, 2014

Vilnius, Lithuania, 2014-02-28 15:00 CET (GLOBE NEWSWIRE) -- Based on preliminary unaudited results Company‘s sales over year 2013 accounted to LTL 759.4 million (EUR 219.9 million) or 1.3% less compare to a year ago. Sales resulted in 2012 were LTL 769.0million (EUR 222.7 million). Sales increased in domestic market domestic by 4% and decreased in export markets by 6% Over the year 2013 Company’s EBITDA accounted to LTL 42.5 million (EUR 12.3 million) and decreased by 39% compare with EBITDA of LTL 70.1 million (EUR 20.3 million) a year ago. Company earned a net profit of LTL 9.9 million (EUR 2.9 million) or 66% less compare with a net profit of LTL 29.0 million (EUR 8.4 million) in 2012. Company did not achieve initially forecast results for the year 2013 due to Lithuanian dairy production import restrictions to Russian Federation in last quarter of 2013. Audrius Statulevicius CFO (+370 5)246 1419 Copyright © 2014 OMX AB (publ).


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Source: OMX


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