AB „Utenos trikotažas" sales for the I quarter of 2012 reached LTL 9.3 million (EUR 2.7 million), 37.9 % less than during the same period in 2011. Consolidated Group sales for the I quarter of 2012 reached LTL 12.1 million (EUR 3.5 million), 31.6 % less than during the same period in 2011.
"As we have previously commented, the fears of economy slowdown and as the result the lower consumer consumption in Europe during the last year, was the key driver behind weak sales in the second half of 2011 and the first quarter of this year. The most significant drop in sales had been of basic products to retail clients focused on middle – lower market segments.
Currently the dynamics of incoming orders let us to expect sales growth in the second quarter of this year compared with the first one.” - says AB “Utenos Trikotažas” Managing Director Gintautas Bareika.
For more information please contact Mr. Gintautas Bareika, 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 Gintautas Bareika