AB Utenos Trikotažas sales for the I quarter of 2014 reached LTL 11.7 million (EUR 3.4 million), 19.8 % less than during the same period in 2013.
Consolidated “Utenos Trikotažas” Group sales for the I quarter of 2014 reached LTL 15.1 million (EUR 4.4 million), 14.1 % less than during the same period in 2013.
„The company consistently implements strategic orientation towards innovative fabrics and higher added-value manufacturing. After revising the key performance indicators, the number of customers and orders was reduced in order to better satisfy the needs of strategically important, higher profitability, manufacturing of innovative fabrics requiring clients. The change in priorities enabled group to achieve positive operating profit during the first quarter of 2014, preliminary estimates show“, commented Mr. Gintautas Bareika, Chief Executive Officer of AB Utenos Trikotažas.
For more information please contact Mr. Gintautas Bareika, Chief Executive Officer 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