Pieno zvaigzdes AB, financial estimates for the year 2008


In 2008 Pieno Zvaigzdes forecast sales of approx. 750 million LTL (217 million
EUR). The major sales growth will be coming from export markets where proceeds
will account to over half of total sales in 2008. 

The company's management is further implementing cost management programs to
partly compensate increase in direct processing cost (raw material, salaries,
energy, etc.). 

Investment program for the coming year includes investments into capacity
expansion, new products, transportation, raw material procurement and sales &
distribution, IT systems. In line with increased demand the company will
introduce new products in 2008. 

Taking into account growth of export sales, implementation of investment
programs and an increase in direct processing cost, the company's management
forecasts net margin of approx. 4% in 2008. 

Audrius Statulevicius
CFO
(+370 5)246 1419