Alytus, Lithuania, 2013-08-30 17:26 CEST (GLOBE NEWSWIRE) -- During the first half year in 2013 Snaige AB achieved turnover of LTL 91.2 million a growth of 39%compared to the previous year. Net profits were 2m LTL, a growth of almost 4 times more than the previous year and EBITDA reached 6.6m LTL a growth of 61%vs. the previous year.
Company turnover has increased in almost all important markets with especially good results in Central Asia (+162%), and France (+161%). The Company exported its production to almost 30 countries in Europe and Asia with the company’s most important markets remaining the same: Ukraine, Germany, France and Central Asia. According to Gediminas Čeika, CEO of Snaigė AB those countries reflect the structure of the entire sales portfolio of the Snaigė Company, i.e., balancing between risky and profitable East, and less profitable, but stable West.
The CEO of the Company, assessing the results of the first half-year, expressed his delight with achievements of the Company including the increase in sales: “We have put a lot of effort in order to maintain the fast growth in sales, and we are glad because we were successful in increasing our number of clients, and extending the range produced. We also implemented effective marketing campaigns in key markets, ensured we increased our capacity when needed, as well as ensuring the efficient operation of our Supply Division. The smooth and effective operation of the company has therefore enabled the excellent results we are able to present”.
Now we are planning not only to increase sales during the third quarter, but also present to the customers some new products, including a 163 cm freezer, as well as the hottest product this year which is a fridge-freezer with –with a No Frost system. According to Gediminas Čeika, clients are really looking forward to this new product, and we expect it exceed all of our clients expectations for novelty, functionality and design.
NB : all turnover and profit information is on the basis of unaudited consolidated data
CEO, Snaigė AB
+370 315 56206