GRIGISKES AB: interim consolidated report of GRIGISKES AB covering the three months of 2014 and endorsement of the responsible persons.

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| Source: Grigiskes
multilang-release

Vilnius, Lithuania, 2014-04-30 09:20 CEST (GLOBE NEWSWIRE) -- During the three months of 2014, the Group consisting of GRIGISKES AB, Baltwood UAB, Klaipedos kartonas AB, Mena Pak PAT, and Klaipeda recycling UAB achieved the consolidate sales turnover of LTL 86.2 million (EUR 25 million). It is LTL 10 million (EUR 2.9 million) or 13.1% more than during the three months in 2013.

During the same period in question, the Company's sales amounted to LTL 38.7 million (EUR 11.2 million), which is LTL 6.2 million (EUR 1.8 million) or 19.1% more than in the same period last year.

During the reporting period, the Group earned LTL 3.9 million (EUR 1.1 million) profit before taxes, which is LTL 2 million (EUR 0.6 million) or 2.1 times more than in the same period last year.

During the three months of 2014, the Company earned LTL 1.4 million (EUR 0.4 million) profit before taxes.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) of the Group and Company, if compared with the three months of 2013, increased by 22.2% and 2%, respectively: during the three months of 2014, EBITDA of the Group was LTL 11 million (EUR 3.2 million), of the Company LTL 5.3 million (EUR 1.5 million).

More information is provided in the interim consolidated report of GRIGISKES AB covering the three months of 2014 with endorsement of the responsible persons (see attachments).

         Gintautas Pangonis
         President of GRIGISKES AB
         (+370-5) 243 58 01