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Interim information of Agrowill Group AB for the 3 month period ended 31 March 2014

May 30, 2014

The total consolidated revenue of Agrowill Group, AB for the three months of 2014 was LTL 12.136 million (EUR 3.515 million), an increase by 21 per cent over the total revenue of LTL 10.017 million (EUR 2.901 million) for the three months of 2013. EBITDA for the three months of 2014 went up by 85 percent to LTL 4.494 million (EUR 1.302 million), as compared to LTL 2.427 million (EUR 0.703 million) in the three months of 2013. Net profit in January-March of 2014 was LTL 1.031 million (EUR 0.299 million). It was a net loss of LTL 2.489 million (EUR 0.721 million) over same period a year ago. The gross profitability of Agrowill Group, AB increased by 11 percent due to higher profitability of milk sales achieved through increase of milking cow herd as well as higher milk prices. Also, during the first quarter of 2014 the Group sold a portion of its investment assets for a net gain of LTL 1.057 million (EUR 0.306 million). This resulted in the increase of EBITDA by 85 percent. The effect of the merger between Agrowill Group, AB, Baltic Champs, UAB and eTime invest, UAB will be incorporated into the Group‘s consolidated financial statements as of 1 April, 2014. Vladas Bagavicius Member of the Board +370 5 233 5340 Copyright © 2014 OMX AB (publ).


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Source: OMX


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