Alytus, Lithuania, 2016-02-29 15:53 CET (GLOBE NEWSWIRE) -- In 2015, Snaigė AB has demonstrated an ability to act promptly and increase profit and sales even in the continuously changing business conditions. Following the decline of economy in Ukraine, Russia and Central Asia caused by the crisis, the company managed to rapidly change its focus, consolidate sales in the Western and Central Europe and establish itself in the new markets.
According to the unaudited consolidated financial results for the year 2015, Snaigė AB had reached a 3.2 million euro EBITDA and received unaudited consolidated net profit amounting to 0.7 million euro
The company’s unaudited consolidated turnover exceeded 44 million euro, which is 4% higher than in 2014.
According to Gediminas Čeika, the Director General of Snaigė AB, this result is an excellent proof of how efficient and flexible the operations of the company are. “Not only did we manage to make up for the decreased sales in the significant markets of Ukraine, Russia and the Central Asia caused by their current geopolitical situation, but also to earn more,” stated Mr Čeika.
In 2015, the company’s largest markets were France, Germany, Poland, Portugal, Ukraine, Czech Republic and Lithuania. The sales in these countries reached 78% of the total company’s produce. Last year, Snaigė AB established trade and stabilised its positions in Norway, Israel, Georgia and Azerbaijan.
Gediminas Čeika, the Director General of Snaigė AB, stated that increased sales of the company in such quality-demanding markets as Germany, France and Scandinavia demonstrates a high quality level of Lithuanian refrigerators and their conformity to the European standards.
“I am happy that the quality and advantages offered by our products are valued not only by Lithuanians, but also by French, German and Scandinavian consumers spoiled by a wide choice of products,” said Mr Čeika. “I am proud of our company, which on the global scale is just a small enterprise, but which is able to compete against this industry’s giants.”
Like every year, Snaigė AB had created several new products and improved the existing ones. The company presented to the market its NO FROST system refrigerators with electronic control and the most recent display coolers.
Director General of Snaigė AB
Gediminas Čeika
+370 315 56206
