Alytus, Lithuania, 2015-05-29 16:17 CEST (GLOBE NEWSWIRE) -- Snaigė, AB’s turnover reached EUR 8.5 million in the first quarter of this year (according to the unaudited consolidated data), which is 12% lower than the turnover of the same period last year.
According to Gediminas Čeika, Director General of Snaigė AB, the lower sales of the company were determined by the decreased exports to Ukraine and certain CIS countries. “The unstable political situation and the weakening of local currencies affected the buying behaviour of consumers not only in Ukraine, but also in the countries of Central Asia,” stated Mr Čeika. “These regions comprise an important part of the company’s sales,” he continued.
However, sales in other regions of the company grew or remained stable. For example, in the first quarter of this year, as compared to the same period last year, the company sold significantly more of its products to Switzerland (4 times more), Portugal (39%), Moldova (36%) and Czech Republic (16%).
According to Gediminas Čeika, the coming months of this year, once the refrigerator season is in full swing, should be more successful.
Director General of Snaigė AB
Gediminas Čeika
+370 315 56206
