AB „Utenos trikotažas" sales for the I quarter of 2011 reached LTL 15 million (EUR 4.3 million), 4.3 % more than during the same period in 2010.
Consolidated Group sales for the I quarter of 2011 reached LTL 17.8 million (EUR 5.1 million), 4.1 % more than during the same period in 2010.
“Revenue growth is a result of the focus on the clients demanding higher value added, ecological, high quality products. Increasing revenues from higher value added products offset for decline continuing decline of basic, lower value added product sales.
As a result clients such as Triumph (Germany), Polarn o Pyret (Sweden), Palmers (Austria) demanding high quality and value added products have increased their weight in our export sales to a significant proportion although cooperation has begun just in the past few years. Another important and favourable trend is the consistently growing demand for ecological products, sales of which have increased by almost 50 % in this quarter.
Revenues from Lithuanian market have recorded strong growth by approximately 25% as the result of intensified marketing efforts of our branded Rokas, Gunda or Eko product lines which we distribute through the network of our partners in Lithuania and Maxima stores. New collections of these product lines will be available in shops soon. Growing number of retailers expressed their interest to trade our new collections and as such consumers will be able to purchase our goods in greater number of outlets across Lithuania” - says the General Manager of the company Utenos trikotažas Nerijus Vilūnas.
For more information please contact Mr. Nerijus Vilūnas, Managing Director of AB „Utenos trikotažas“, tel No. 370 389 51445.
I, the undersigned, confirm that the above information is complete and true.
Managing Director AB „Utenos trikotažas“ Nerijus Vilūnas