Alytus, Lithuania, 2015-11-30 15:21 CET (GLOBE NEWSWIRE) -- Snaigė, AB’s EBITDA reached 2.8 million euro in the first nine months of this year (according to the unaudited consolidated data), which is 28% higher than compared to the same period last year. The company made a profit of 0.9 million euro (according to the unaudited consolidated data), which is 2.5 times more than last year. The company’s export accounted to around 94% of its sales.
According to Gediminas Čeika, the CEO of Snaigė AB, this result is an excellent proof of how efficient and flexible the operations of the company are. The company not only managed to recover for the decreased sales in the significant markets of Ukraine, Russia and the Middle Asia, but also to earn more.
The majority of production within 9 months of this year, Snaige AB sold in France (21 percent), Germany (13 percent), Poland (13 percent) . The company managed to establish itself in new markets - Scandinavia, Israel, Azerbaijan and Georgia.
In September, the company participated in the international fair for home appliances IFA 2015 in Berlin, where it presented its most recent products: NO FROST fridge-freezers with electronic control systems, luxurious double fridge-freezers with glass surface doors RF34TWINS, a single-door fridge-freezer C27 and the most recent commercial display cooler CD40. Snaigė’s stand attracted much interest from both the attendees of the trade fair as well as potential clients. A fridge upholstered in faux crocodile leather raised great interest from the journalists of the international newspapers and portal USA TODAY.
Director General of Snaigė AB
Gediminas Čeika
+370 315 56206
