Alytus, Lithuania, 2015-08-28 15:16 CEST (GLOBE NEWSWIRE) -- Snaigė AB EBITDA reached 1.3 million euro in the first half of this year (according to the unaudited consolidated data), which is 10% higher than compared to the same period the last year.
According to Gediminas Čeika, Director General of Snaigė AB, it is a highly satisfactory result considering the fact that the company’s sales in and the revenue from the markets of Ukraine, Russia and Middle Asia had significantly decreased as a result of the geopolitical situation.
“We sold a larger proportion of our products to the Western markets (France, Germany and Switzerland) and the relatively lucrative countries in Central Europe (Czech Republic and Bulgaria). We have also started trading in new markets: Norway, Israel and Azerbaijan. All of the above helped us maintain the sales balance and earn profits”, - stated Mr Čeika.
During the first half of the year, the company has offered few new and authentic products to the markets. These included luxurious double fridge-freezers with glass surface doors RF34TWINS, which raised the interest of Israel clients, and a single door fridge-freezer C27 welcome by the buyers in France and Scandinavian countries.
According to the unaudited consolidated data, the company earned 71.3 thousand euro in net profit, which is more than 10 times higher than compared to the same period the last year. The consolidated unaudited revenue of the Company amounted to 20.5 million euro. The Company exported around 96% of its produce.
Director General of Snaigė AB
Gediminas Čeika
+370 315 56206
